New York State Common Retirement Fund Sells 4,600 Shares of ONEOK, Inc. (NYSE:OKE)

New York State Common Retirement Fund lessened its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 342,486 shares of the utilities provider's stock after selling 4,600 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of ONEOK worth $34,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service increased its position in ONEOK by 1.6% during the 3rd quarter. National Pension Service now owns 763,833 shares of the utilities provider's stock worth $69,608,000 after purchasing an additional 12,349 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in ONEOK by 3.8% in the 3rd quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider's stock valued at $12,871,000 after buying an additional 5,175 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in ONEOK by 11.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider's stock valued at $4,972,000 after buying an additional 5,451 shares during the period. FNY Investment Advisers LLC lifted its stake in shares of ONEOK by 14,279.1% in the 4th quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock valued at $2,208,000 after purchasing an additional 21,847 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of ONEOK by 57.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock valued at $1,456,000 after purchasing an additional 5,321 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OKE. Wells Fargo & Company lowered 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. UBS Group boosted their price target on ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a report on Friday, November 15th. Truist Financial boosted their price target on ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a report on Tuesday, December 3rd. Scotiabank began coverage on ONEOK in a report on Friday, January 10th. They issued a "sector outperform" rating and a $109.00 price target for the company. Finally, Barclays began coverage on ONEOK in a research note on Thursday, February 6th. They set an "equal weight" rating and a $105.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.92.

ONEOK Stock Down 0.6 %

OKE stock traded down $0.56 during mid-day trading on Friday, hitting $98.07. The stock had a trading volume of 4,112,736 shares, compared to its average volume of 3,920,269. 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 $72.44 and a 1-year high of $118.07. The company has a fifty day moving average of $101.31 and a 200 day moving average of $98.51. The stock has a market capitalization of $57.29 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 3.80 and a beta of 1.70.

ONEOK Increases Dividend

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