ONEOK, Inc. (NYSE:OKE) Stock Position Reduced by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC decreased its stake in ONEOK, Inc. (NYSE:OKE) by 2.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,574 shares of the utilities provider’s stock after selling 123 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in ONEOK were worth $459,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OKE. Kieckhefer Group LLC purchased a new stake in shares of ONEOK during the fourth quarter worth $30,000. Access Investment Management LLC purchased a new stake in shares of ONEOK during the 3rd quarter worth about $37,000. Values First Advisors Inc. acquired a new stake in shares of ONEOK during the 3rd quarter valued at about $44,000. Fortitude Family Office LLC grew its stake 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 buying an additional 135 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of ONEOK by 98.1% in the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock valued at $53,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Down 0.6 %

Shares of OKE stock opened at $98.07 on Friday. ONEOK, Inc. has a 12 month low of $72.44 and a 12 month high of $118.07. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a market cap of $57.29 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 3.80 and a beta of 1.70. The stock has a 50 day moving average of $101.19 and a 200-day moving average of $98.65.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a dividend of $1.03 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK’s dividend payout ratio is presently 86.19%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Scotiabank assumed coverage on ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 target price on the stock. 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. Truist Financial increased their price objective on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Finally, US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Seven investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.