ONEOK, Inc. (NYSE:OKE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,124,061 shares of the utilities provider's stock after selling 11,528 shares during the quarter. Rhumbline Advisers owned 0.19% of ONEOK worth $112,856,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of OKE. Creative Planning boosted its stake in ONEOK by 3.2% during the third quarter. Creative Planning now owns 241,031 shares of the utilities provider's stock worth $21,965,000 after buying an additional 7,467 shares during the period. Vontobel Holding Ltd. boosted its position in shares of ONEOK by 1.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,575 shares of the utilities provider's stock worth $3,060,000 after purchasing an additional 377 shares during the period. Secure Asset Management LLC acquired a new stake in ONEOK in the 3rd quarter valued at approximately $207,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in ONEOK by 1.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 73,145 shares of the utilities provider's stock valued at $6,666,000 after purchasing an additional 727 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in ONEOK by 9.3% during the third quarter. V Square Quantitative Management LLC now owns 11,287 shares of the utilities provider's stock worth $1,029,000 after purchasing an additional 960 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OKE shares. Barclays started coverage on ONEOK in a report on Thursday, February 6th. They issued an "equal weight" rating and a $105.00 price objective on the stock. Scotiabank assumed coverage on shares of ONEOK in a research report on Friday, January 10th. They set a "sector outperform" rating and a $109.00 price target on the stock. Mizuho upgraded shares of ONEOK to a "hold" rating in a report on Thursday, November 7th. UBS Group boosted their target price on ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Seven 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.92.

ONEOK Trading Up 0.4 %

NYSE:OKE traded up $0.38 on Wednesday, reaching $99.02. The stock had a trading volume of 2,727,805 shares, compared to its average volume of 3,943,380. ONEOK, Inc. has a 12-month low of $71.50 and a 12-month high of $118.07. The firm's fifty day moving average is $101.53 and its two-hundred day moving average is $98.51. The company has a market cap of $57.85 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 3.74 and a beta of 1.70. 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 Increases Dividend

The firm 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. The ex-dividend date of this dividend was 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 yield of 4.16%. ONEOK's dividend 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.