Mill Creek Capital Advisors LLC Takes $615,000 Position in ONEOK, Inc. (NYSE:OKE)

Mill Creek Capital Advisors LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,121 shares of the utilities provider's stock, valued at approximately $615,000.

A number of other hedge funds also recently modified their holdings of OKE. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of ONEOK by 219.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,315 shares of the utilities provider's stock valued at $393,000 after purchasing an additional 2,965 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of ONEOK during the third quarter worth $206,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of ONEOK by 28.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,233 shares of the utilities provider's stock valued at $751,000 after acquiring an additional 1,826 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of ONEOK during the 3rd quarter valued at $106,000. Finally, Oxler Private Wealth LLC grew its position in ONEOK by 1.2% during the 3rd quarter. Oxler Private Wealth LLC now owns 46,729 shares of the utilities provider's stock worth $4,258,000 after acquiring an additional 537 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Stock Down 1.0 %

NYSE OKE traded down $1.01 on Friday, hitting $97.96. 2,813,945 shares of the company were exchanged, compared to its average volume of 4,000,095. 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 company has a market cap of $57.23 billion, a PE ratio of 20.49, a PEG ratio of 3.67 and a beta of 1.70. The stock has a fifty day moving average of $102.01 and a 200-day moving average of $97.94. ONEOK, Inc. has a 12 month low of $69.01 and a 12 month high of $118.07.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $1.03 dividend. The ex-dividend date is Monday, February 3rd. This is an increase from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.21%. ONEOK's dividend payout ratio (DPR) is currently 86.19%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America began coverage on ONEOK in a research note on Thursday, October 17th. They set a "buy" rating and a $105.00 price target on the stock. Scotiabank initiated coverage on shares of ONEOK in a research report on Friday, January 10th. They set a "sector outperform" rating and a $109.00 target price on the stock. Wells Fargo & Company downgraded shares of ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 price target for the company. in a research note on Wednesday, December 18th. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Finally, Barclays initiated coverage on ONEOK in a report on Thursday, February 6th. They set an "equal weight" rating and a $105.00 target price on the stock. Seven 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.