Crewe Advisors LLC Sells 119 Shares of ONEOK, Inc. (NYSE:OKE)

Crewe Advisors LLC decreased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,233 shares of the utilities provider’s stock after selling 119 shares during the period. Crewe Advisors LLC’s holdings in ONEOK were worth $124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Tectonic Advisors LLC increased its stake in shares of ONEOK by 4.0% during the fourth quarter. Tectonic Advisors LLC now owns 104,211 shares of the utilities provider’s stock valued at $10,463,000 after purchasing an additional 4,054 shares in the last quarter. Lion Street Advisors LLC grew its holdings in shares of ONEOK by 26.9% during the fourth quarter. Lion Street Advisors LLC now owns 15,116 shares of the utilities provider’s stock valued at $1,518,000 after buying an additional 3,208 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of ONEOK by 19.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 496,013 shares of the utilities provider’s stock valued at $50,012,000 after buying an additional 80,194 shares during the last quarter. Groesbeck Investment Management Corp NJ purchased a new stake in shares of ONEOK during the fourth quarter valued at approximately $2,162,000. Finally, Stratos Wealth Advisors LLC grew its holdings in shares of ONEOK by 7.3% during the fourth quarter. Stratos Wealth Advisors LLC now owns 3,052 shares of the utilities provider’s stock valued at $306,000 after buying an additional 208 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OKE. Royal Bank of Canada increased their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target on the stock. in a report on Wednesday, December 18th. Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Barclays increased their price target 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. Finally, Truist Financial raised their target price on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $102.92.

ONEOK Trading Up 0.8 %

Shares of ONEOK stock opened at $97.84 on Thursday. The company’s fifty day simple moving average is $103.91 and its 200-day simple moving average is $97.42. The stock has a market capitalization of $57.16 billion, a PE ratio of 20.47, a P/E/G ratio of 3.69 and a beta of 1.70. ONEOK, Inc. has a 1-year low of $67.67 and a 1-year high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is currently 82.85%.

ONEOK 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.