VAUGHAN & Co SECURITIES INC. Reduces Holdings in ONEOK, Inc. (NYSE:OKE)

VAUGHAN & Co SECURITIES INC. cut its holdings in ONEOK, Inc. (NYSE:OKE) by 6.5% during the 4th quarter, Holdings Channel reports. The firm owned 8,584 shares of the utilities provider’s stock after selling 597 shares during the period. ONEOK comprises approximately 0.5% of VAUGHAN & Co SECURITIES INC.’s investment portfolio, making the stock its 21st biggest holding. VAUGHAN & Co SECURITIES INC.’s holdings in ONEOK were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. International Assets Investment Management LLC increased its stake in ONEOK by 9,439.9% during the third quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock worth $294,440,000 after acquiring an additional 3,197,121 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of ONEOK by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock worth $1,593,023,000 after purchasing an additional 661,854 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in ONEOK during the 3rd quarter worth approximately $47,957,000. Yaupon Capital Management LP acquired a new position in ONEOK during the third quarter valued at approximately $45,194,000. Finally, National Bank of Canada FI grew its stake in ONEOK by 199.9% during the third quarter. National Bank of Canada FI now owns 697,985 shares of the utilities provider’s stock worth $63,605,000 after buying an additional 465,243 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Up 0.8 %

Shares of NYSE OKE opened at $97.84 on Thursday. The business has a fifty day simple moving average of $103.91 and a 200-day simple moving average of $97.42. The company has a market cap of $57.16 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 3.69 and a beta of 1.70. ONEOK, Inc. has a 12 month low of $67.67 and a 12 month high of $118.07. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $1.03 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is 82.85%.

Analyst Upgrades and Downgrades

OKE has been the topic of several research reports. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. UBS Group boosted their target price 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. Scotiabank initiated coverage on ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price objective on the stock. 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. Finally, Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a research note on Wednesday, December 18th. 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, ONEOK has an average rating of “Moderate Buy” and an average target price of $102.92.

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.