ONEOK, Inc. (NYSE:OKE) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 102.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,489 shares of the utilities provider’s stock after purchasing an additional 3,281 shares during the quarter. Venturi Wealth Management LLC’s holdings in ONEOK were worth $652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OKE. Blue Trust Inc. lifted its stake in ONEOK by 138.6% in the third quarter. Blue Trust Inc. now owns 5,838 shares of the utilities provider’s stock valued at $532,000 after buying an additional 3,391 shares during the last quarter. OLD National Bancorp IN lifted its stake in ONEOK by 5.4% in the third quarter. OLD National Bancorp IN now owns 3,917 shares of the utilities provider’s stock valued at $357,000 after buying an additional 200 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in ONEOK by 26.2% in the third quarter. Foundations Investment Advisors LLC now owns 7,660 shares of the utilities provider’s stock valued at $698,000 after buying an additional 1,592 shares during the last quarter. Signaturefd LLC lifted its stake in ONEOK by 8.1% in the third quarter. Signaturefd LLC now owns 8,230 shares of the utilities provider’s stock valued at $750,000 after buying an additional 620 shares during the last quarter. Finally, Eastern Bank purchased a new stake in ONEOK in the third quarter valued at approximately $1,220,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 0.4 %

NYSE:OKE opened at $99.02 on Thursday. The stock has a fifty day moving average price of $101.42 and a two-hundred day moving average price of $98.51. The stock has a market capitalization of $57.85 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.74 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. ONEOK, Inc. has a 1 year low of $71.50 and a 1 year high of $118.07.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a $1.03 dividend. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 4.16%. ONEOK’s dividend payout ratio is 86.19%.

Analyst Ratings Changes

A number of brokerages have weighed in on OKE. Mizuho upgraded ONEOK to a “hold” rating in a research note on Thursday, November 7th. Barclays initiated coverage on ONEOK in a research note on Thursday, February 6th. They set an “equal weight” rating and a $105.00 price target for the company. Scotiabank initiated coverage on ONEOK in a research note on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target for the company. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.92.

About ONEOK

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.