Cetera Investment Advisers Boosts Stock Position in ONEOK, Inc. (NYSE:OKE)

Cetera Investment Advisers raised its holdings in shares of ONEOK, Inc. (NYSE:OKEGet Rating) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,498 shares of the utilities provider’s stock after purchasing an additional 727 shares during the period. Cetera Investment Advisers’ holdings in ONEOK were worth $3,358,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. PAX Financial Group LLC boosted its stake in ONEOK by 1.3% during the 1st quarter. PAX Financial Group LLC now owns 13,622 shares of the utilities provider’s stock valued at $962,000 after purchasing an additional 169 shares during the last quarter. Coastline Trust Co boosted its stake in shares of ONEOK by 2.7% in the 1st quarter. Coastline Trust Co now owns 6,570 shares of the utilities provider’s stock worth $464,000 after buying an additional 175 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of ONEOK by 1.9% in the 1st quarter. International Assets Investment Management LLC now owns 10,318 shares of the utilities provider’s stock worth $729,000 after buying an additional 196 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of ONEOK by 3.7% in the 2nd quarter. Whittier Trust Co. now owns 5,641 shares of the utilities provider’s stock worth $313,000 after buying an additional 200 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of ONEOK by 0.8% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 26,545 shares of the utilities provider’s stock worth $1,473,000 after buying an additional 200 shares during the last quarter. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Price Performance

NYSE:OKE opened at $65.62 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.67 and a debt-to-equity ratio of 1.89. The business’s 50-day simple moving average is $58.22 and its two-hundred day simple moving average is $60.00. The stock has a market cap of $29.33 billion, a PE ratio of 18.23, a P/E/G ratio of 2.01 and a beta of 1.71. ONEOK, Inc. has a 52 week low of $50.50 and a 52 week high of $75.07.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Tuesday, November 1st were issued a $0.935 dividend. The ex-dividend date was Monday, October 31st. This represents a $3.74 annualized dividend and a dividend yield of 5.70%. ONEOK’s dividend payout ratio (DPR) is 103.89%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OKE. Mizuho raised their price target on ONEOK from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 10th. Morgan Stanley dropped their price target on ONEOK from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 19th. Barclays dropped their price target on ONEOK from $62.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 19th. Raymond James dropped their price target on ONEOK from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, October 20th. Finally, StockNews.com initiated coverage on ONEOK in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.09.

About ONEOK

(Get Rating)

ONEOK, Inc, together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

See Also

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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