Stratos Wealth Partners LTD. Purchases 931 Shares of ONEOK, Inc. (NYSE:OKE)

Stratos Wealth Partners LTD. raised its position in ONEOK, Inc. (NYSE:OKE) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 66,465 shares of the utilities provider’s stock after acquiring an additional 931 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in ONEOK were worth $6,673,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kieckhefer Group LLC purchased a new position in ONEOK during the 4th quarter worth $30,000. Matrix Trust Co acquired a new stake in ONEOK in the third quarter worth about $29,000. Access Investment Management LLC purchased a new stake in shares of ONEOK during the third quarter worth about $37,000. Values First Advisors Inc. acquired a new position in shares of ONEOK during the third quarter valued at about $44,000. Finally, Fortitude Family Office LLC raised its position in shares of ONEOK by 37.4% in the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 135 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. 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 note on Wednesday, December 18th. Barclays raised their target price on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. UBS Group boosted their price target on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Scotiabank initiated coverage on ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective for the company. Finally, US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday. 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. According to MarketBeat, ONEOK presently has a consensus rating of “Moderate Buy” and an average price target of $102.92.

ONEOK Stock Performance

OKE opened at $97.84 on Thursday. The stock has a market cap of $57.16 billion, a P/E 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 current ratio of 0.81 and a quick ratio of 0.59. The firm has a fifty day moving average price of $103.91 and a 200 day moving average price of $97.42. ONEOK, Inc. has a 1 year low of $67.67 and a 1 year high of $118.07.

ONEOK Increases Dividend

The company also recently announced 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 is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Monday, February 3rd. ONEOK’s dividend payout ratio is presently 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.