Capital One National Association lifted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 25.1% in the fourth quarter, Holdings Channel reports. The fund owned 9,596 shares of the utilities provider’s stock after acquiring an additional 1,926 shares during the quarter. Capital One National Association’s holdings in ONEOK were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Advisors Inc. OK lifted its stake in ONEOK by 3.1% in the fourth quarter. Capital Advisors Inc. OK now owns 29,582 shares of the utilities provider’s stock worth $1,581,000 after purchasing an additional 881 shares during the last quarter. Benson Investment Management Company Inc. lifted its stake in ONEOK by 2.1% in the fourth quarter. Benson Investment Management Company Inc. now owns 44,565 shares of the utilities provider’s stock worth $2,382,000 after purchasing an additional 905 shares during the last quarter. Segment Wealth Management LLC lifted its stake in ONEOK by 5.3% in the fourth quarter. Segment Wealth Management LLC now owns 19,772 shares of the utilities provider’s stock worth $1,056,000 after purchasing an additional 1,003 shares during the last quarter. Sentry Investment Management LLC lifted its stake in ONEOK by 6.9% in the second quarter. Sentry Investment Management LLC now owns 16,252 shares of the utilities provider’s stock worth $848,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Oakbrook Investments LLC lifted its stake in ONEOK by 6.0% in the fourth quarter. Oakbrook Investments LLC now owns 19,432 shares of the utilities provider’s stock worth $1,039,000 after purchasing an additional 1,100 shares during the last quarter. 66.59% of the stock is owned by institutional investors.

In other news, Director Brian L. Derksen acquired 1,800 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $51.00 per share, for a total transaction of $91,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

OKE has been the subject of several recent research reports. Zacks Investment Research downgraded shares of ONEOK from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. UBS Group boosted their price target on shares of ONEOK from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Bank of America initiated coverage on shares of ONEOK in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. Stifel Nicolaus reissued a “hold” rating and issued a $55.00 price target on shares of ONEOK in a research note on Friday, November 3rd. Finally, Barclays raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $58.00 to $67.00 in a research note on Wednesday, January 17th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. ONEOK has a consensus rating of “Buy” and an average target price of $60.15.

ONEOK, Inc. (NYSE:OKE) opened at $57.47 on Thursday. ONEOK, Inc. has a 52-week low of $47.14 and a 52-week high of $61.36. The stock has a market cap of $23,331.47, a PE ratio of 35.53, a price-to-earnings-growth ratio of 1.76 and a beta of 1.26. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.55 and a quick ratio of 0.41.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, January 29th were given a $0.77 dividend. This is a boost from ONEOK’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 26th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.36%. ONEOK’s payout ratio is presently 192.50%.

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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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