Forsta AP Fonden lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 32.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 302,600 shares of the utilities provider’s stock after buying an additional 74,300 shares during the period. Forsta AP Fonden’s holdings in ONEOK were worth $16,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Advisors Inc. OK boosted its stake in shares of ONEOK by 3.1% in the 4th quarter. Capital Advisors Inc. OK now owns 29,582 shares of the utilities provider’s stock worth $1,581,000 after buying an additional 881 shares during the last quarter. Benson Investment Management Company Inc. boosted its stake in shares of ONEOK by 2.1% in the 4th quarter. Benson Investment Management Company Inc. now owns 44,565 shares of the utilities provider’s stock worth $2,382,000 after buying an additional 905 shares during the last quarter. Segment Wealth Management LLC boosted its stake in shares of ONEOK by 5.3% in the 4th quarter. Segment Wealth Management LLC now owns 19,772 shares of the utilities provider’s stock worth $1,056,000 after buying an additional 1,003 shares during the last quarter. Sentry Investment Management LLC boosted its stake in shares of ONEOK by 6.9% in the 2nd quarter. Sentry Investment Management LLC now owns 16,252 shares of the utilities provider’s stock worth $848,000 after buying an additional 1,056 shares during the last quarter. Finally, Oakbrook Investments LLC boosted its stake in shares of ONEOK by 6.0% in the 4th quarter. Oakbrook Investments LLC now owns 19,432 shares of the utilities provider’s stock worth $1,039,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 66.59% of the company’s stock.

ONEOK, Inc. (NYSE:OKE) opened at $56.84 on Wednesday. ONEOK, Inc. has a 12 month low of $47.14 and a 12 month high of $61.36. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $23,212.43, a P/E ratio of 35.34, a P/E/G ratio of 1.79 and a beta of 1.26.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, January 29th will be paid a $0.77 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 26th. This represents a $3.08 annualized dividend and a yield of 5.42%. ONEOK’s dividend payout ratio is presently 192.50%.

In other ONEOK news, Director Brian L. Derksen bought 1,800 shares of the stock in a transaction on Monday, November 20th. The shares were acquired at an average price of $51.00 per share, with a total value of $91,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

A number of brokerages have recently weighed in on OKE. Credit Suisse Group started coverage on ONEOK in a research note on Monday, January 8th. They issued an “outperform” rating and a $62.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on ONEOK from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Monday. Mizuho reiterated a “hold” rating and issued a $61.00 price objective on shares of ONEOK in a research note on Tuesday, January 23rd. Zacks Investment Research downgraded ONEOK from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Wells Fargo & Co upgraded ONEOK from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 11th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $60.15.

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About ONEOK

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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