Lion Street Advisors LLC Raises Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Lion Street Advisors LLC boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 26.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,116 shares of the utilities provider’s stock after purchasing an additional 3,208 shares during the period. Lion Street Advisors LLC’s holdings in ONEOK were worth $1,518,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OKE. Matrix Trust Co purchased a new position in ONEOK during the third quarter worth approximately $29,000. Kieckhefer Group LLC acquired a new position in shares of ONEOK during the fourth quarter valued at approximately $30,000. Access Investment Management LLC acquired a new position in shares of ONEOK during the third quarter valued at approximately $37,000. Values First Advisors Inc. acquired a new position in shares of ONEOK during the third quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC raised its holdings in shares of 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 during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of research analyst reports. Bank of America initiated coverage on ONEOK in a report on Thursday, October 17th. They set a “buy” rating and a $105.00 target price for the company. Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a report on Wednesday, December 18th. UBS Group raised their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $102.92.

ONEOK Trading Down 0.6 %

OKE opened at $97.03 on Wednesday. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07. The business has a fifty day simple moving average of $104.24 and a 200-day simple moving average of $97.33. The firm has a market cap of $56.68 billion, a P/E ratio of 20.30, a P/E/G ratio of 3.69 and a beta of 1.70. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $1.03 per share. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is currently 82.85%.

ONEOK 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.