ONEOK, Inc. (NYSE:OKE) Shares Bought by Certuity LLC

Certuity LLC raised its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,359 shares of the utilities provider’s stock after acquiring an additional 146 shares during the period. Certuity LLC’s holdings in ONEOK were worth $237,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Ritholtz Wealth Management purchased a new stake in ONEOK in the third quarter valued at $206,000. Creative Planning raised its stake in shares of ONEOK by 3.2% during the 3rd quarter. Creative Planning now owns 241,031 shares of the utilities provider’s stock valued at $21,965,000 after buying an additional 7,467 shares during the last quarter. Magnus Financial Group LLC acquired a new position in shares of ONEOK in the 3rd quarter valued at about $216,000. Asset Dedication LLC boosted its stake in shares of ONEOK by 318.9% in the third quarter. Asset Dedication LLC now owns 2,367 shares of the utilities provider’s stock worth $216,000 after buying an additional 1,802 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in ONEOK by 21.6% during the third quarter. SeaCrest Wealth Management LLC now owns 7,903 shares of the utilities provider’s stock worth $720,000 after acquiring an additional 1,403 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Up 1.3 %

OKE stock opened at $98.86 on Friday. ONEOK, Inc. has a 12-month low of $68.65 and a 12-month high of $118.07. The business’s 50-day moving average is $102.23 and its 200 day moving average is $97.94. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock has a market cap of $57.75 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 3.67 and a beta of 1.70.

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 dividend yield of 4.17%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Monday, February 3rd. ONEOK’s payout ratio is presently 86.19%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OKE shares. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Monday. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target on the stock. in a research report on Wednesday, December 18th. UBS Group upped their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Bank of America assumed coverage on ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.92.

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.