Centennial Wealth Advisory LLC Buys 138 Shares of ONEOK, Inc. (NYSE:OKE)

Centennial Wealth Advisory LLC increased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,450 shares of the utilities provider’s stock after purchasing an additional 138 shares during the period. Centennial Wealth Advisory LLC’s holdings in ONEOK were worth $547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OKE. International Assets Investment Management LLC boosted its stake in shares of ONEOK by 9,439.9% during the third quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock valued at $294,440,000 after purchasing an additional 3,197,121 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in ONEOK by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock valued at $1,593,023,000 after acquiring an additional 661,854 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in ONEOK in the third quarter valued at approximately $47,957,000. Yaupon Capital Management LP acquired a new stake in ONEOK in the third quarter valued at approximately $45,194,000. Finally, National Bank of Canada FI boosted its stake in ONEOK by 199.9% in the third quarter. National Bank of Canada FI now owns 697,985 shares of the utilities provider’s stock valued at $63,605,000 after acquiring an additional 465,243 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OKE has been the subject of several recent analyst reports. Scotiabank initiated coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price for the company. Mizuho raised shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Barclays raised their price target on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Truist Financial raised their price target on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Finally, UBS Group raised their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and an average target price of $102.92.

ONEOK Stock Up 0.8 %

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

ONEOK Increases Dividend

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

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.