ONEOK, Inc. (NYSE:OKE) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in ONEOK, Inc. (NYSE:OKE) by 193.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,249 shares of the utilities provider’s stock after acquiring an additional 25,206 shares during the period. Y Intercept Hong Kong Ltd’s holdings in ONEOK were worth $3,840,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in OKE. Ballentine Partners LLC lifted its stake in shares of ONEOK by 7.3% in the 3rd quarter. Ballentine Partners LLC now owns 4,707 shares of the utilities provider’s stock worth $429,000 after acquiring an additional 320 shares during the period. Mediolanum International Funds Ltd lifted its stake in shares of ONEOK by 6.4% in the 3rd quarter. Mediolanum International Funds Ltd now owns 16,450 shares of the utilities provider’s stock worth $1,482,000 after acquiring an additional 992 shares during the period. Country Club Bank purchased a new position in shares of ONEOK in the 3rd quarter valued at about $223,000. Arkadios Wealth Advisors increased its holdings in shares of ONEOK by 18.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 3,315 shares of the utilities provider’s stock valued at $302,000 after purchasing an additional 525 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of ONEOK by 9.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 218,544 shares of the utilities provider’s stock valued at $19,916,000 after purchasing an additional 18,782 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of ONEOK in a report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price target for the company. Scotiabank initiated coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. UBS Group increased their price target on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Monday, February 10th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.92.

ONEOK Price Performance

ONEOK stock opened at $98.07 on Monday. ONEOK, Inc. has a 12-month low of $72.44 and a 12-month high of $118.07. The stock has a market capitalization of $57.29 billion, a P/E ratio of 20.52, a P/E/G ratio of 3.77 and a beta of 1.70. The firm’s 50-day moving average is $101.19 and its two-hundred day moving average is $98.87. 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 company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $1.03 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is currently 86.19%.

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.