Timber Hill LLC lifted its position in ONEOK, Inc. (NYSE:OKE) by 93.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,630 shares of the utilities provider’s stock after buying an additional 3,692 shares during the period. Timber Hill LLC’s holdings in ONEOK were worth $408,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of OKE. Mercer Capital Advisers Inc. raised its stake in shares of ONEOK by 229.8% in the 3rd quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock worth $110,000 after buying an additional 1,379 shares in the last quarter. Enterprise Financial Services Corp raised its stake in shares of ONEOK by 332.8% in the 3rd quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock worth $126,000 after buying an additional 1,744 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of ONEOK by 562.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock worth $147,000 after buying an additional 2,322 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of ONEOK in the 3rd quarter worth $150,000. Finally, Sun Life Financial INC raised its stake in shares of ONEOK by 82.1% in the 3rd quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock worth $155,000 after buying an additional 1,261 shares in the last quarter. 66.24% of the stock is currently owned by institutional investors.
OKE has been the topic of a number of research reports. Zacks Investment Research raised ONEOK from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Royal Bank of Canada raised ONEOK from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 16th. Credit Suisse Group started coverage on ONEOK in a research report on Monday, January 8th. They set an “outperform” rating and a $62.00 target price on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $55.00 target price on shares of ONEOK in a research report on Friday, November 3rd. Finally, Barclays raised ONEOK from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $58.00 to $67.00 in a research report on Wednesday, January 17th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $60.15.
Shares of ONEOK, Inc. (NYSE:OKE) opened at $58.02 on Friday. The stock has a market capitalization of $23,650.00, a price-to-earnings ratio of 36.26, a PEG ratio of 1.77 and a beta of 1.26. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. ONEOK, Inc. has a 52-week low of $47.14 and a 52-week high of $61.36.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, January 29th were given a dividend of $0.77 per share. The ex-dividend date was Friday, January 26th. This is a positive change from ONEOK’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.31%. ONEOK’s payout ratio is 192.50%.
ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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