58,438 Shares in ONEOK, Inc. (NYSE:OKE) Bought by Corps Capital Advisors LLC

Corps Capital Advisors LLC purchased a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 58,438 shares of the utilities provider's stock, valued at approximately $5,867,000. ONEOK comprises approximately 6.0% of Corps Capital Advisors LLC's portfolio, making the stock its 2nd biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Astoria Portfolio Advisors LLC. increased its stake in shares of ONEOK by 4.1% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider's stock worth $260,000 after buying an additional 96 shares during the period. McAdam LLC increased its position in shares of ONEOK by 3.8% in the fourth quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock valued at $262,000 after acquiring an additional 96 shares during the period. Alliance Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 100 shares during the last quarter. Mutual Advisors LLC boosted its holdings 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 worth $965,000 after purchasing an additional 103 shares during the period. Finally, Morton Capital Management LLC CA grew its stake 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 purchasing an additional 104 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on OKE shares. UBS Group upped their price target on ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Barclays started coverage on shares of ONEOK in a report on Thursday, February 6th. They issued an "equal weight" rating and a $105.00 price objective for the company. Wolfe Research upgraded shares of 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, February 10th. Mizuho raised ONEOK to a "hold" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company downgraded shares of ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 target price on the stock. in a research report on Wednesday, December 18th. Seven investment 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 stock presently has an average rating of "Moderate Buy" and an average target price of $103.92.

ONEOK Stock Down 0.6 %

Shares of OKE stock traded down $0.56 during mid-day trading on Friday, hitting $98.07. The company's stock had a trading volume of 1,866,467 shares, compared to its average volume of 3,849,105. 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, Inc. has a 52-week low of $72.44 and a 52-week high of $118.07. The stock has a market cap of $57.29 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.80 and a beta of 1.70. The business has a 50-day moving average price of $101.31 and a 200 day moving average price of $98.51.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Monday, February 3rd. This is an increase from ONEOK's previous quarterly dividend of $0.99. ONEOK's dividend payout ratio (DPR) is presently 86.19%.

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.