U.S. Capital Wealth Advisors LLC Has $5.95 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

U.S. Capital Wealth Advisors LLC grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,283 shares of the utilities provider’s stock after purchasing an additional 9,768 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in ONEOK were worth $5,952,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. raised its stake in ONEOK by 4.1% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider’s stock worth $260,000 after buying an additional 96 shares during the period. Mutual Advisors LLC raised its position in shares of ONEOK by 1.2% during the fourth quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider’s stock worth $965,000 after purchasing an additional 103 shares during the period. Morton Capital Management LLC CA grew its position in ONEOK by 1.4% in the 4th quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock valued at $734,000 after purchasing an additional 104 shares during the period. HM Payson & Co. increased its stake in ONEOK by 6.3% during the 3rd quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock valued at $161,000 after purchasing an additional 105 shares in the last quarter. Finally, Bill Few Associates Inc. raised its holdings in ONEOK by 3.9% during the fourth quarter. Bill Few Associates Inc. now owns 2,773 shares of the utilities provider’s stock worth $278,000 after buying an additional 105 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 2.9 %

ONEOK stock opened at $96.95 on Monday. The firm has a 50 day moving average price of $104.51 and a 200-day moving average price of $97.14. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a twelve month low of $67.05 and a twelve month high of $118.07. The company has a market capitalization of $56.64 billion, a P/E ratio of 20.28, a P/E/G ratio of 3.69 and a beta of 1.70.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $1.03 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is currently 82.85%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OKE. Barclays lifted their price objective on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a report on Wednesday, December 18th. Royal Bank of Canada raised their target price on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Finally, Bank of America initiated coverage on ONEOK in a research note on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.92.

ONEOK Company Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.