Bridgecreek Investment Management LLC lessened its stake in shares of ONEOK, Inc. (NYSE:OKE) by 2.2% during the fourth quarter, Holdings Channel reports. The fund owned 149,576 shares of the utilities provider’s stock after selling 3,287 shares during the quarter. ONEOK accounts for about 1.9% of Bridgecreek Investment Management LLC’s portfolio, making the stock its 16th biggest position. Bridgecreek Investment Management LLC’s holdings in ONEOK were worth $7,995,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in OKE. Winslow Evans & Crocker Inc. boosted its holdings in shares of ONEOK by 462.9% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,620 shares during the last quarter. Mercer Capital Advisers Inc. boosted its holdings in shares of ONEOK by 229.8% during the 3rd quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 1,379 shares during the last quarter. Enterprise Financial Services Corp boosted its holdings in shares of ONEOK by 332.8% during the 3rd quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 1,744 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of ONEOK during the 3rd quarter valued at about $150,000. Finally, Sun Life Financial INC boosted its holdings in shares of ONEOK by 82.1% during the 3rd quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock valued at $155,000 after acquiring an additional 1,261 shares during the last quarter. 66.52% of the stock is currently owned by hedge funds and other institutional investors.

In other ONEOK news, Director Brian L. Derksen acquired 1,800 shares of the stock in a transaction dated Monday, November 20th. The shares were purchased at an average price of $51.00 per share, for a total transaction of $91,800.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

OKE has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $54.00 price target on shares of ONEOK in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday, October 17th. BMO Capital Markets set a $62.00 price objective on shares of ONEOK and gave the stock a “buy” rating in a research note on Wednesday, October 18th. UBS Group increased their price objective on shares of ONEOK from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Credit Suisse Group assumed coverage on shares of ONEOK in a research note on Monday, January 8th. They issued an “outperform” rating and a $62.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. ONEOK presently has an average rating of “Buy” and an average price target of $59.85.

ONEOK, Inc. (NYSE OKE) opened at $54.40 on Friday. ONEOK, Inc. has a one year low of $47.14 and a one year high of $61.36. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47. The firm has a market cap of $22,170.00, a P/E ratio of 34.00, a PEG ratio of 1.79 and a beta of 1.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, January 29th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend is Friday, January 26th. This is a boost from ONEOK’s previous quarterly dividend of $0.75. ONEOK’s dividend payout ratio is 192.50%.

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ONEOK Company Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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