Perissos Private Wealth Management LLC Buys 156 Shares of ONEOK, Inc. (NYSE:OKE)

Perissos Private Wealth Management LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,129 shares of the utilities provider’s stock after purchasing an additional 156 shares during the period. Perissos Private Wealth Management LLC’s holdings in ONEOK were worth $1,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritholtz Wealth Management bought a new stake in shares of ONEOK in the third quarter worth $206,000. Thurston Springer Miller Herd & Titak Inc. increased its position in ONEOK by 28.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,233 shares of the utilities provider’s stock valued at $751,000 after acquiring an additional 1,826 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in ONEOK during the third quarter valued at $106,000. CX Institutional increased its position in ONEOK by 1.0% during the third quarter. CX Institutional now owns 56,583 shares of the utilities provider’s stock valued at $5,156,000 after acquiring an additional 552 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its position in ONEOK by 5.1% during the third quarter. Wesbanco Bank Inc. now owns 10,996 shares of the utilities provider’s stock valued at $1,002,000 after acquiring an additional 533 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of ONEOK stock opened at $98.98 on Wednesday. The stock has a 50 day moving average of $102.68 and a 200 day moving average of $97.82. ONEOK, Inc. has a 12 month low of $68.65 and a 12 month high of $118.07. The firm has a market cap of $57.82 billion, a PE ratio of 20.71, a PEG ratio of 3.67 and a beta of 1.70. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $1.03 per share. 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 yield of 4.16%. ONEOK’s dividend payout ratio is 86.19%.

Analyst Ratings Changes

OKE has been the subject of a number of research reports. Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a research report on Wednesday, December 18th. Royal Bank of Canada upped their price objective on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. UBS Group upped their price target on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Barclays began coverage on ONEOK in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price target for the company. Finally, Bank of America began coverage on ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average 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.