9,909 Shares in ONEOK, Inc. (NYSE:OKE) Acquired by Centerpoint Advisory Group

Centerpoint Advisory Group bought a new position in ONEOK, Inc. (NYSE:OKE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,909 shares of the utilities provider's stock, valued at approximately $995,000.

Other hedge funds have also modified their holdings of the company. Kieckhefer Group LLC acquired a new stake in shares of ONEOK in the 4th quarter worth $30,000. Access Investment Management LLC acquired a new stake in ONEOK in the third quarter worth about $37,000. Values First Advisors Inc. purchased a new stake in shares of ONEOK during the third quarter worth about $44,000. Fortitude Family Office LLC increased its holdings in shares of ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 135 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of ONEOK by 98.1% in the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider's stock valued at $53,000 after purchasing an additional 260 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Up 0.4 %

NYSE OKE traded up $0.38 on Wednesday, reaching $99.02. 2,729,788 shares of the company were exchanged, compared to its average volume of 3,943,442. The business's fifty day moving average price is $101.53 and its 200 day moving average price is $98.51. 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 market capitalization of $57.85 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 3.74 and a beta of 1.70. ONEOK, Inc. has a fifty-two week low of $71.50 and a fifty-two week high of $118.07.

ONEOK Increases Dividend

The firm 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. The ex-dividend date of this dividend 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

OKE has been the topic of several research analyst reports. Mizuho raised shares of ONEOK to a "hold" rating in a research report on Thursday, November 7th. Truist Financial upped their target price on ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a research report on Tuesday, December 3rd. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Wells Fargo & Company lowered 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. Finally, Barclays started coverage on ONEOK in a research note on Thursday, February 6th. They issued an "equal weight" rating and a $105.00 price objective for the company. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, ONEOK has an average rating of "Moderate Buy" and a consensus price target of $103.92.

About ONEOK

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.