Kestra Private Wealth Services LLC Buys 871 Shares of ONEOK, Inc. (NYSE:OKE)

Kestra Private Wealth Services LLC increased its stake in ONEOK, Inc. (NYSE:OKE) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,583 shares of the utilities provider’s stock after purchasing an additional 871 shares during the period. Kestra Private Wealth Services LLC’s holdings in ONEOK were worth $1,665,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Kieckhefer Group LLC bought a new position in shares of ONEOK during the fourth quarter worth $30,000. Access Investment Management LLC acquired a new stake in ONEOK during the 3rd quarter worth $37,000. Values First Advisors Inc. bought a new position in ONEOK during the third quarter worth about $44,000. Fortitude Family Office LLC grew its stake in ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 135 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of ONEOK by 98.1% in the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 260 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OKE has been the topic of several recent analyst reports. Mizuho upgraded ONEOK to a “hold” rating in a report on Thursday, November 7th. Scotiabank assumed coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Truist Financial raised their price objective on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.92.

ONEOK Price Performance

Shares of NYSE OKE opened at $97.62 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The business’s 50 day moving average price is $102.45 and its two-hundred day moving average price is $97.94. The company has a market cap of $57.03 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70. ONEOK, Inc. has a twelve month low of $68.65 and a twelve month high of $118.07.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 4.22%. 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 is 86.19%.

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.