ONEOK, Inc. (NYSE:OKE) Shares Sold by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. trimmed its stake in ONEOK, Inc. (NYSE:OKE) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,610 shares of the utilities provider’s stock after selling 4,442 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in ONEOK were worth $5,382,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Astoria Portfolio Advisors LLC. grew its stake in shares of ONEOK by 4.1% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider’s stock valued at $260,000 after buying an additional 96 shares during the period. McAdam LLC boosted its holdings in ONEOK by 3.8% in the fourth quarter. McAdam LLC now owns 2,612 shares of the utilities provider’s stock valued at $262,000 after acquiring an additional 96 shares during the last quarter. Alliance Wealth Advisors LLC grew its position in ONEOK by 0.8% during the fourth quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider’s stock valued at $1,262,000 after acquiring an additional 100 shares during the period. Mutual Advisors LLC increased its stake in ONEOK by 1.2% during the fourth quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider’s stock worth $965,000 after acquiring an additional 103 shares during the last quarter. Finally, Morton Capital Management LLC CA raised its holdings in shares of ONEOK by 1.4% in the 4th quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock worth $734,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Down 0.6 %

NYSE:OKE opened at $98.07 on Friday. The stock has a market cap of $57.29 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 3.80 and a beta of 1.70. ONEOK, Inc. has a one year low of $72.44 and a one year high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The business’s 50-day simple moving average is $101.19 and its 200 day simple moving average is $98.65.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders 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 is 86.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OKE shares. Mizuho upgraded ONEOK to a “hold” rating in a report on Thursday, November 7th. Scotiabank began coverage on shares of ONEOK in a research note on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price objective for the company. Barclays began coverage on shares of ONEOK in a research note on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 target price on the stock. Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a report on Wednesday, December 18th. Finally, Truist Financial raised their price objective on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. 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, the company currently 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.