Meixler Investment Management Ltd. Sells 1,064 Shares of ONEOK, Inc. (NYSE:OKE)

Meixler Investment Management Ltd. lowered its position in ONEOK, Inc. (NYSE:OKE) by 13.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,932 shares of the utilities provider’s stock after selling 1,064 shares during the quarter. Meixler Investment Management Ltd.’s holdings in ONEOK were worth $696,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kieckhefer Group LLC bought a new position in shares of ONEOK in the fourth quarter worth $30,000. Access Investment Management LLC bought a new position in shares of ONEOK in the third quarter worth $37,000. Values First Advisors Inc. bought a new position in shares of ONEOK in the third quarter worth $44,000. Fortitude Family Office LLC increased its holdings in shares of ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after purchasing 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 purchasing an additional 260 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 1.0 %

NYSE OKE opened at $97.96 on Friday. 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 stock has a market capitalization of $57.23 billion, a PE ratio of 20.49, a PEG ratio of 3.67 and a beta of 1.70. ONEOK, Inc. has a 1 year low of $69.01 and a 1 year high of $118.07. The business’s 50-day moving average is $101.79 and its 200 day moving average is $98.05.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.21%. ONEOK’s dividend payout ratio (DPR) is presently 86.19%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on OKE shares. Truist Financial upped their target price on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Monday, February 10th. Mizuho upgraded shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, UBS Group upped their target price 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. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and a consensus price target 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.