Burns Matteson Capital Management LLC Buys Shares of 5,718 ONEOK, Inc. (NYSE:OKE)

Burns Matteson Capital Management LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,718 shares of the utilities provider's stock, valued at approximately $574,000.

Several other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 661,854 shares in the last quarter. Geode Capital Management LLC grew its position in ONEOK by 1.0% in the third quarter. Geode Capital Management LLC now owns 13,680,875 shares of the utilities provider's stock valued at $1,242,449,000 after acquiring an additional 138,430 shares during the period. Janus Henderson Group PLC grew its position in ONEOK by 0.3% in the third quarter. Janus Henderson Group PLC now owns 3,751,172 shares of the utilities provider's stock valued at $341,844,000 after acquiring an additional 11,189 shares during the period. International Assets Investment Management LLC grew its position in ONEOK by 9,439.9% in the third quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider's stock valued at $294,440,000 after acquiring an additional 3,197,121 shares during the period. Finally, abrdn plc grew its position in ONEOK by 14.8% in the third quarter. abrdn plc now owns 2,149,676 shares of the utilities provider's stock valued at $195,545,000 after acquiring an additional 277,514 shares during the period. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Trading Up 1.3 %

Shares of OKE traded up $1.24 during trading hours on Thursday, hitting $98.86. 4,336,496 shares of the stock traded hands, compared to its average volume of 4,040,992. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 1-year low of $68.65 and a 1-year high of $118.07. The firm has a market capitalization of $57.75 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70. The business has a fifty day moving average of $102.23 and a 200-day moving average of $97.94.

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 paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from ONEOK's previous quarterly dividend of $0.99. ONEOK's dividend payout ratio is 86.19%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Monday. Mizuho upgraded ONEOK to a "hold" rating in a research report on Thursday, November 7th. Scotiabank assumed coverage on ONEOK in a research report on Friday, January 10th. They issued a "sector outperform" rating and a $109.00 price target on the stock. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company cut ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 price target on the stock. in a research report on Wednesday, December 18th. 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 stock. Based on data from MarketBeat, ONEOK currently 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.