Values First Advisors Inc. Increases Holdings in ONEOK, Inc. (NYSE:OKE)

Values First Advisors Inc. boosted its position in ONEOK, Inc. (NYSE:OKE) by 379.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,325 shares of the utilities provider’s stock after purchasing an additional 1,840 shares during the period. Values First Advisors Inc.’s holdings in ONEOK were worth $233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OKE. Astoria Portfolio Advisors LLC. lifted its holdings in shares of ONEOK by 4.1% in the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 96 shares during the last quarter. McAdam LLC lifted its stake in ONEOK by 3.8% in the fourth quarter. McAdam LLC now owns 2,612 shares of the utilities provider’s stock worth $262,000 after purchasing an additional 96 shares during the last quarter. Alliance Wealth Advisors LLC boosted its position in ONEOK by 0.8% during the fourth quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider’s stock valued at $1,262,000 after buying an additional 100 shares during the period. Mutual Advisors LLC grew its stake in shares of ONEOK by 1.2% during the fourth quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider’s stock valued at $965,000 after buying an additional 103 shares during the last quarter. Finally, Morton Capital Management LLC CA increased its holdings in shares of ONEOK by 1.4% in the fourth quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock worth $734,000 after buying an additional 104 shares during the period. 69.13% of the stock is currently owned by institutional investors.

ONEOK Price Performance

Shares of OKE stock opened at $97.62 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The stock has a market cap of $57.03 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 3.67 and a beta of 1.70. The business’s fifty day moving average is $102.45 and its 200 day moving average is $97.94. ONEOK, Inc. has a twelve month low of $68.65 and a twelve month high of $118.07.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.22%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date is Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is presently 86.19%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on OKE. UBS Group raised 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. Scotiabank assumed coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price on the stock. Mizuho raised shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Barclays started coverage on ONEOK in a research note on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 target price on the stock. Seven research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.