Chevy Chase Trust Holdings LLC Sells 6,611 Shares of ONEOK, Inc. (NYSE:OKE)

Chevy Chase Trust Holdings LLC cut its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 307,339 shares of the utilities provider's stock after selling 6,611 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of ONEOK worth $30,857,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kieckhefer Group LLC acquired a new stake in ONEOK during the 4th quarter worth approximately $30,000. Access Investment Management LLC acquired a new stake in ONEOK during the 3rd quarter worth approximately $37,000. Values First Advisors Inc. acquired a new stake in ONEOK during the 3rd quarter worth approximately $44,000. Fortitude Family Office LLC boosted its position in ONEOK by 37.4% during the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider's stock worth $45,000 after buying an additional 135 shares during the period. Finally, Versant Capital Management Inc boosted its position in ONEOK by 98.1% during the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider's stock worth $53,000 after buying an additional 260 shares during the period. 69.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented 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. Truist Financial boosted their price target on shares of ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a research report on Tuesday, December 3rd. Mizuho upgraded shares of ONEOK to a "hold" rating in a research report on Thursday, November 7th. Barclays initiated coverage on shares of ONEOK in a research report on Thursday, February 6th. They issued an "equal weight" rating and a $105.00 price target on the stock. Finally, Wells Fargo & Company downgraded shares of 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. Seven 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $103.92.

ONEOK Stock Up 0.4 %

Shares of ONEOK stock traded up $0.38 during trading on Wednesday, reaching $99.02. 2,729,721 shares of the company traded hands, compared to its average volume of 3,943,380. The firm has a market capitalization of $57.85 billion, a PE ratio of 20.72, a P/E/G ratio of 3.74 and a beta of 1.70. The company has a 50 day moving average price of $101.53 and a 200-day moving average price of $98.51. 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 1-year low of $71.50 and a 1-year high of $118.07.

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 paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Monday, February 3rd. This is a positive change from ONEOK's previous quarterly dividend of $0.99. ONEOK's payout ratio 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.