Hardy Reed LLC Has $369,000 Stake in ONEOK, Inc. (NYSE:OKE)

Hardy Reed LLC increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,675 shares of the utilities provider’s stock after buying an additional 264 shares during the quarter. Hardy Reed LLC’s holdings in ONEOK were worth $369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OKE. Kieckhefer Group LLC bought a new position in shares of ONEOK during the 4th quarter worth approximately $30,000. Access Investment Management LLC bought a new position in ONEOK in the third quarter valued at $37,000. Values First Advisors Inc. acquired a new stake in ONEOK in the 3rd quarter valued at $44,000. Fortitude Family Office LLC lifted its position in ONEOK by 37.4% during the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after buying an additional 135 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of ONEOK by 98.1% during the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock worth $53,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Up 0.4 %

NYSE OKE opened at $99.02 on Thursday. The company has a 50 day moving average of $101.42 and a 200-day moving average of $98.51. The company has a market cap of $57.85 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.77 and a beta of 1.70. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 1-year low of $71.50 and a 1-year high of $118.07.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.16%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s payout ratio is 86.19%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Mizuho upgraded ONEOK to a “hold” rating in a report on Thursday, November 7th. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. UBS Group raised their target price on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company cut 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. Finally, Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ONEOK has a consensus rating of “Moderate Buy” and a consensus price target of $103.92.

ONEOK Company 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.