1,500 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC bought a new stake in ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,500 shares of the utilities provider’s stock, valued at approximately $151,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of OKE. 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 purchasing an additional 1,592 shares during the last quarter. Signaturefd LLC raised its stake in shares of 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 period. Private Advisor Group LLC lifted its position in shares of ONEOK by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 66,819 shares of the utilities provider’s stock valued at $6,089,000 after buying an additional 1,186 shares during the last quarter. Greenleaf Trust grew its stake in shares of ONEOK by 1.7% during the 3rd quarter. Greenleaf Trust now owns 9,512 shares of the utilities provider’s stock worth $867,000 after acquiring an additional 155 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in ONEOK by 9,439.9% in the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock worth $294,440,000 after acquiring an additional 3,197,121 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on OKE. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Scotiabank assumed coverage on shares of ONEOK in a research note on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target on the stock. Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Monday, February 10th. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a report on Wednesday, December 18th. Finally, Truist Financial raised their price target on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and a consensus target price of $103.92.

ONEOK Price Performance

Shares of NYSE OKE opened at $98.07 on Friday. The stock’s 50-day simple moving average is $101.19 and its two-hundred day simple moving average is $98.65. ONEOK, Inc. has a twelve month low of $72.44 and a twelve month high of $118.07. The firm has a market capitalization of $57.29 billion, a P/E ratio of 20.52, a P/E/G ratio of 3.80 and a beta of 1.70. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.20%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. 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.