Fullcircle Wealth LLC Acquires 8,140 Shares of ONEOK, Inc. $OKE

Fullcircle Wealth LLC increased its holdings in ONEOK, Inc. (NYSE:OKE) by 106.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,777 shares of the utilities provider’s stock after purchasing an additional 8,140 shares during the period. Fullcircle Wealth LLC’s holdings in ONEOK were worth $1,151,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its holdings in shares of ONEOK by 3.1% in the second quarter. Bogart Wealth LLC now owns 4,031 shares of the utilities provider’s stock worth $329,000 after buying an additional 122 shares during the period. Empowered Funds LLC grew its position in ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after acquiring an additional 137 shares during the last quarter. Focused Wealth Management Inc increased its stake in ONEOK by 4.3% in the 3rd quarter. Focused Wealth Management Inc now owns 3,441 shares of the utilities provider’s stock worth $251,000 after purchasing an additional 142 shares during the period. Fidelis Capital Partners LLC lifted its position in ONEOK by 4.2% in the second quarter. Fidelis Capital Partners LLC now owns 3,589 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 144 shares during the last quarter. Finally, Silver Lake Advisory LLC boosted its stake in shares of ONEOK by 1.4% during the third quarter. Silver Lake Advisory LLC now owns 10,788 shares of the utilities provider’s stock valued at $787,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on OKE shares. Citigroup lowered their price target on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $72.00 price objective on shares of ONEOK in a research note on Monday, November 3rd. UBS Group cut their target price on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. TD Cowen lowered their price target on ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Finally, Argus upgraded ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Thursday, November 6th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.31.

ONEOK Stock Up 1.8%

OKE stock opened at $81.89 on Friday. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $103.64. The business’s 50 day moving average price is $74.80 and its two-hundred day moving average price is $73.34. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. The company has a market capitalization of $51.53 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 4.65 and a beta of 0.96.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Monday, February 2nd will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 5.2%. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, February 2nd. ONEOK’s dividend payout ratio is currently 78.68%.

ONEOK Profile

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.