ONEOK, Inc. (NYSE:OKE) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,564 shares of the utilities provider's stock after buying an additional 44,418 shares during the period. Asset Management One Co. Ltd.'s holdings in ONEOK were worth $26,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC grew its position 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 buying an additional 3,197,121 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in ONEOK by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider's stock worth $1,593,023,000 after acquiring an additional 661,854 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of ONEOK during the third quarter valued at approximately $47,957,000. Yaupon Capital Management LP bought a new position in shares of ONEOK during the third quarter valued at approximately $45,194,000. Finally, Strategic Financial Concepts LLC boosted its stake in shares of ONEOK by 10,153.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 494,645 shares of the utilities provider's stock valued at $49,662,000 after purchasing an additional 489,821 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Stock Performance

NYSE OKE traded up $1.22 during mid-day trading on Tuesday, reaching $99.07. 1,261,765 shares of the stock were exchanged, compared to its average volume of 3,908,708. The business's 50 day moving average is $101.64 and its 200-day moving average is $98.38. ONEOK, Inc. has a 1 year low of $71.50 and a 1 year high of $118.07. The company has a market capitalization of $57.88 billion, a P/E ratio of 20.70, a P/E/G ratio of 3.67 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $1.03 per share. The ex-dividend date was Monday, February 3rd. This is a boost 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 currently 86.19%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OKE shares. UBS Group raised their target price on shares of ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Scotiabank began coverage on shares of ONEOK in a research note on Friday, January 10th. They set a "sector outperform" rating and a $109.00 price objective for the company. Barclays began coverage on ONEOK in a research report on Thursday, February 6th. They issued an "equal weight" rating and a $105.00 target price on the stock. US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company downgraded shares of ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 price objective on the stock. in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $103.92.

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.