Americana Partners LLC Raises Holdings in ONEOK, Inc. (NYSE:OKE)

Americana Partners LLC boosted its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 258.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 271,836 shares of the utilities provider's stock after buying an additional 196,038 shares during the quarter. ONEOK accounts for approximately 1.1% of Americana Partners LLC's holdings, making the stock its 22nd biggest position. Americana Partners LLC's holdings in ONEOK were worth $27,292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kieckhefer Group LLC purchased a new stake in ONEOK in the 4th quarter worth approximately $30,000. Access Investment Management LLC purchased a new stake in ONEOK in the 3rd quarter worth approximately $37,000. Values First Advisors Inc. purchased a new stake in ONEOK in the 3rd quarter worth approximately $44,000. Fortitude Family Office LLC increased its holdings in ONEOK by 37.4% in the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider's stock worth $45,000 after acquiring an additional 135 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in ONEOK by 98.1% in the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider's stock worth $53,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Performance

Shares of ONEOK stock traded down $0.55 on Thursday, reaching $98.65. 2,985,232 shares of the stock were exchanged, compared to its average volume of 3,914,407. 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, Inc. has a twelve month low of $71.85 and a twelve month high of $118.07. The firm has a market capitalization of $57.63 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 3.77 and a beta of 1.70. The business has a 50 day moving average price of $101.42 and a two-hundred day moving average price of $98.51.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from ONEOK's previous quarterly dividend of $0.99. ONEOK's payout ratio is currently 86.19%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Barclays assumed coverage on ONEOK in a research note on Thursday, February 6th. They issued an "equal weight" rating and a $105.00 price target for the company. Mizuho upgraded ONEOK to a "hold" rating in a research note on Thursday, November 7th. Scotiabank assumed coverage on ONEOK in a research note on Friday, January 10th. They issued a "sector outperform" rating and a $109.00 price target for the company. Finally, UBS Group upped their price target on ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.