Stephens Inc. AR Sells 856 Shares of ONEOK, Inc. (NYSE:OKE)

Stephens Inc. AR decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,172 shares of the utilities provider’s stock after selling 856 shares during the quarter. Stephens Inc. AR’s holdings in ONEOK were worth $4,033,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in OKE. Alliance Wealth Advisors LLC raised its stake 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 buying an additional 100 shares during the last quarter. Northeast Investment Management raised its position in ONEOK by 8.3% during the fourth quarter. Northeast Investment Management now owns 4,013 shares of the utilities provider’s stock valued at $403,000 after acquiring an additional 308 shares in the last quarter. Empowered Funds LLC raised its position in ONEOK by 80.3% during the fourth quarter. Empowered Funds LLC now owns 17,820 shares of the utilities provider’s stock valued at $1,789,000 after acquiring an additional 7,936 shares in the last quarter. Advisory Resource Group raised its position in ONEOK by 1.5% during the fourth quarter. Advisory Resource Group now owns 13,339 shares of the utilities provider’s stock valued at $1,339,000 after acquiring an additional 201 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in ONEOK by 1.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,778 shares of the utilities provider’s stock valued at $1,484,000 after purchasing an additional 247 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 3.0 %

NYSE OKE opened at $98.65 on Tuesday. ONEOK, Inc. has a 1-year low of $68.65 and a 1-year high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $57.63 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70. The firm’s fifty day simple moving average is $102.92 and its 200-day simple moving average is $97.70.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 4.18%. This is an increase from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Monday, February 3rd. ONEOK’s dividend payout ratio is presently 86.19%.

Analyst Ratings Changes

A number of analysts have recently issued reports on OKE shares. Scotiabank initiated coverage on ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target on the stock. Barclays started coverage on ONEOK in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 target price on the stock. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. in a report on Wednesday, December 18th. Mizuho raised ONEOK to a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America assumed coverage on ONEOK in a research note on Thursday, October 17th. They set a “buy” rating and a $105.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and an average price target of $103.92.

About ONEOK

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.