International Private Wealth Advisors LLC Grows Position in ONEOK, Inc. (NYSE:OKE)

International Private Wealth Advisors LLC grew its stake in ONEOK, Inc. (NYSE:OKE) by 49.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,831 shares of the utilities provider’s stock after buying an additional 1,942 shares during the period. International Private Wealth Advisors LLC’s holdings in ONEOK were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kieckhefer Group LLC purchased a new stake in shares of ONEOK in the 4th quarter valued at $30,000. Access Investment Management LLC purchased a new position in shares of ONEOK during the 3rd quarter valued at about $37,000. Values First Advisors Inc. acquired a new position in shares of ONEOK in the 3rd quarter valued at about $44,000. Fortitude Family Office LLC raised its position in ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 135 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in ONEOK by 98.1% in the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 260 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Up 3.0 %

Shares of ONEOK stock opened at $98.65 on Tuesday. ONEOK, Inc. has a 1-year low of $68.65 and a 1-year high of $118.07. 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 cap of $57.63 billion, a P/E ratio of 20.64, a P/E/G ratio of 3.67 and a beta of 1.70. The stock’s 50 day simple moving average is $102.92 and its 200-day simple moving average is $97.70.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $1.03 dividend. The ex-dividend date is Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.18%. ONEOK’s dividend payout ratio (DPR) is 86.19%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. 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 report on Monday. Scotiabank began coverage on ONEOK in a research report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 target price on the stock. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. in a report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.92.

ONEOK Company 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.