D.A. Davidson & CO. Purchases 2,937 Shares of ONEOK, Inc. (NYSE:OKE)

D.A. Davidson & CO. raised its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,220 shares of the utilities provider's stock after purchasing an additional 2,937 shares during the period. D.A. Davidson & CO.'s holdings in ONEOK were worth $15,584,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 661,854 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ONEOK during the 3rd quarter worth about $47,957,000. Yaupon Capital Management LP acquired a new stake in shares of ONEOK during the 3rd quarter worth about $45,194,000. Finally, Strategic Financial Concepts LLC lifted its stake in shares of ONEOK by 10,153.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 494,645 shares of the utilities provider's stock worth $49,662,000 after buying an additional 489,821 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Price Performance

OKE stock traded down $0.56 during trading on Friday, reaching $98.07. 4,112,736 shares of the company were exchanged, compared to its average volume of 3,920,269. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. ONEOK, Inc. has a twelve month low of $72.44 and a twelve month high of $118.07. The company has a 50-day moving average of $101.31 and a two-hundred day moving average of $98.51. The company has a market capitalization of $57.29 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 3.80 and a beta of 1.70.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $1.03 dividend. This is a boost from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK's dividend payout ratio is 86.19%.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of research reports. Mizuho upgraded shares of ONEOK to a "hold" rating in a research note on Thursday, November 7th. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Barclays initiated coverage on shares of ONEOK in a research note on Thursday, February 6th. They issued an "equal weight" rating and a $105.00 price objective for the company. Truist Financial lifted their price objective on shares of ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company lowered shares of ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 target price on the stock. in a report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.