Venturi Wealth Management LLC Buys 3,281 Shares of ONEOK, Inc. (NYSE:OKE)

Venturi Wealth Management LLC increased its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 102.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,489 shares of the utilities provider's stock after purchasing an additional 3,281 shares during the quarter. Venturi Wealth Management LLC's holdings in ONEOK were worth $652,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kieckhefer Group LLC bought a new stake in ONEOK during the fourth quarter worth about $30,000. Access Investment Management LLC bought a new stake in shares of ONEOK in the 3rd quarter valued at about $37,000. Values First Advisors Inc. bought a new stake in shares of ONEOK in the 3rd quarter valued at about $44,000. Fortitude Family Office LLC lifted its stake in shares of ONEOK by 37.4% in the 3rd 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 during the last quarter. Finally, Versant Capital Management Inc lifted its stake 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 acquiring an additional 260 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Price Performance

Shares of OKE stock traded down $0.56 during trading hours on Friday, hitting $98.07. The stock had a trading volume of 4,112,736 shares, compared to its average volume of 4,441,403. ONEOK, Inc. has a one year low of $72.44 and a one year high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock's 50-day moving average price is $101.19 and its two-hundred day moving average price is $98.65. The stock has a market capitalization of $57.29 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 3.77 and a beta of 1.70.

ONEOK Increases Dividend

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

Analyst Upgrades and Downgrades

OKE has been the topic of a number of research analyst reports. Wells Fargo & Company downgraded ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 price target on the stock. in a report on Wednesday, December 18th. Scotiabank initiated coverage on ONEOK in a research note on Friday, January 10th. They issued a "sector outperform" rating and a $109.00 price target on the stock. UBS Group upped their price objective on ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Mizuho raised ONEOK to a "hold" rating in a research report on Thursday, November 7th. Finally, Barclays initiated coverage on ONEOK in a research report on Thursday, February 6th. They issued an "equal weight" rating and a $105.00 price objective on the stock. Seven research 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 stock. According to MarketBeat.com, ONEOK has a consensus rating of "Moderate Buy" and an average price target 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.