ONEOK, Inc. (NYSE:OKE) Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC lowered its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 97.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,110 shares of the utilities provider's stock after selling 36,904 shares during the quarter. Strengthening Families & Communities LLC's holdings in ONEOK were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in OKE. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in ONEOK by 219.6% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,315 shares of the utilities provider's stock worth $393,000 after buying an additional 2,965 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of ONEOK during the third quarter worth about $206,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of ONEOK by 28.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,233 shares of the utilities provider's stock worth $751,000 after purchasing an additional 1,826 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of ONEOK during the third quarter worth about $106,000. Finally, Oxler Private Wealth LLC lifted its position in shares of ONEOK by 1.2% during the third quarter. Oxler Private Wealth LLC now owns 46,729 shares of the utilities provider's stock worth $4,258,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

OKE has been the topic of several research analyst reports. UBS Group increased their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Truist Financial increased 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 raised shares of ONEOK to a "hold" rating in a research report on Thursday, November 7th. 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. Finally, Wells Fargo & Company lowered shares of ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 price objective on the stock. in a research note on Wednesday, December 18th. Seven investment 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $103.92.

ONEOK Stock Performance

Shares of NYSE:OKE traded down $1.01 during trading hours on Friday, hitting $97.96. The stock had a trading volume of 2,813,945 shares, compared to its average volume of 4,000,095. The stock's fifty day simple moving average is $102.01 and its 200 day simple moving average is $97.94. ONEOK, Inc. has a 1-year low of $69.01 and a 1-year high of $118.07. The firm has a market capitalization of $57.23 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 3.67 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $1.03 dividend. The ex-dividend date is Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 4.21%. This is a positive change from ONEOK's previous quarterly dividend of $0.99. ONEOK's dividend payout ratio (DPR) is presently 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.