Y.D. More Investments Ltd Has $154,000 Stock Position in ONEOK, Inc. (NYSE:OKE)

Y.D. More Investments Ltd lessened its stake in ONEOK, Inc. (NYSE:OKE) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,534 shares of the utilities provider’s stock after selling 295 shares during the quarter. Y.D. More Investments Ltd’s holdings in ONEOK were worth $154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of ONEOK by 9,439.9% during the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock worth $294,440,000 after acquiring an additional 3,197,121 shares during the period. Charles Schwab Investment Management Inc. boosted its position in ONEOK by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock worth $1,593,023,000 after purchasing an additional 661,854 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of ONEOK in the third quarter valued at $47,957,000. Yaupon Capital Management LP bought a new position in shares of ONEOK in the third quarter valued at about $45,194,000. Finally, National Bank of Canada FI boosted its holdings in shares of ONEOK by 199.9% during the 3rd quarter. National Bank of Canada FI now owns 697,985 shares of the utilities provider’s stock worth $63,605,000 after buying an additional 465,243 shares during the period. 69.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OKE shares. Royal Bank of Canada increased their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. 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. Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. Scotiabank started coverage on ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 target price for the company. Finally, Truist Financial upped their price target on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.92.

ONEOK Price Performance

ONEOK stock opened at $97.84 on Thursday. The company has a market capitalization of $57.16 billion, a PE ratio of 20.47, a P/E/G ratio of 3.69 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. The stock has a 50-day moving average price of $103.91 and a two-hundred day moving average price of $97.42. ONEOK, Inc. has a 12 month low of $67.67 and a 12 month high of $118.07.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. 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.