Redpoint Investment Management Pty Ltd lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 16.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,004 shares of the utilities provider’s stock after selling 8,045 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in ONEOK were worth $2,212,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Stony Point Wealth Management Inc. lifted its holdings in shares of ONEOK by 3.7% during the 4th quarter. Stony Point Wealth Management Inc. now owns 5,209 shares of the utilities provider’s stock valued at $281,000 after purchasing an additional 186 shares during the last quarter. Trust Co. of Oklahoma lifted its holdings in shares of ONEOK by 1.8% during the 4th quarter. Trust Co. of Oklahoma now owns 10,914 shares of the utilities provider’s stock valued at $589,000 after purchasing an additional 195 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in shares of ONEOK by 1.9% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,385 shares of the utilities provider’s stock valued at $668,000 after purchasing an additional 225 shares during the last quarter. Arvest Bank Trust Division lifted its holdings in shares of ONEOK by 2.6% during the 4th quarter. Arvest Bank Trust Division now owns 10,691 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 266 shares during the last quarter. Finally, Enterprise Financial Services Corp lifted its holdings in shares of ONEOK by 20.7% during the 4th quarter. Enterprise Financial Services Corp now owns 1,599 shares of the utilities provider’s stock valued at $86,000 after purchasing an additional 274 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

Several analysts have recently commented on the company. Evercore ISI assumed coverage on ONEOK in a report on Tuesday, February 5th. They set a $68.00 price objective for the company. SunTrust Banks assumed coverage on ONEOK in a report on Friday, January 18th. They set a “buy” rating and a $72.00 price objective for the company. US Capital Advisors reiterated a “buy” rating on shares of ONEOK in a report on Wednesday, January 16th. Barclays set a $66.00 price objective on ONEOK and gave the company a “hold” rating in a report on Wednesday, January 16th. Finally, Raymond James assumed coverage on ONEOK in a report on Thursday, January 10th. They set a “strong-buy” rating and a $72.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $70.24.

NYSE OKE opened at $65.05 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.51 and a current ratio of 0.74. ONEOK, Inc. has a 1 year low of $50.26 and a 1 year high of $71.99. The firm has a market capitalization of $26.75 billion, a P/E ratio of 36.96, a PEG ratio of 2.36 and a beta of 1.20.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Monday, January 28th will be given a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 5.29%. This is an increase from ONEOK’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, January 25th. ONEOK’s dividend payout ratio is presently 195.45%.

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ONEOK Company Profile

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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