ONEOK, Inc. (NYSE:OKE) Stock Holdings Trimmed by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY reduced its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 358,646 shares of the utilities provider's stock after selling 50,991 shares during the period. Miller Howard Investments Inc. NY owned 0.06% of ONEOK worth $36,008,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OKE. Astoria Portfolio Advisors LLC. boosted its stake in ONEOK by 4.1% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider's stock valued at $260,000 after acquiring an additional 96 shares in the last quarter. McAdam LLC grew its stake 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 buying an additional 96 shares in the last quarter. Alliance Wealth Advisors LLC raised its holdings in ONEOK by 0.8% in 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 in the last quarter. Mutual Advisors LLC lifted its holdings in ONEOK by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider's stock worth $965,000 after acquiring an additional 103 shares during the last quarter. Finally, Morton Capital Management LLC CA lifted its holdings 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 valued at $734,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 69.13% of the company's stock.

Analyst Ratings Changes

OKE has been the subject of several recent analyst reports. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a report on Monday. Scotiabank started coverage on shares of ONEOK in a report on Friday, January 10th. They set a "sector outperform" rating and a $109.00 price objective for the company. UBS Group raised their price target on ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Barclays assumed coverage on shares of ONEOK in a research report on Thursday, February 6th. They set an "equal weight" rating and a $105.00 price objective for the company. Finally, Mizuho upgraded ONEOK to a "hold" rating in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and an average price target of $103.92.

ONEOK Trading Down 1.3 %

NYSE:OKE traded down $1.31 during midday trading on Wednesday, hitting $97.62. 3,754,043 shares of the company traded hands, compared to its average volume of 4,030,430. The firm has a market capitalization of $57.03 billion, a P/E ratio of 20.42, a P/E/G ratio of 3.67 and a beta of 1.70. ONEOK, Inc. has a 12-month low of $68.65 and a 12-month high of $118.07. The firm's fifty day moving average is $102.45 and its 200-day moving average is $97.94. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $1.03 per share. This is an increase from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Monday, February 3rd. ONEOK's dividend payout ratio (DPR) is presently 86.19%.

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.