Calton & Associates Inc. acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) in the fourth quarter, Holdings Channel reports. The firm acquired 4,567 shares of the utilities provider’s stock, valued at approximately $276,000.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in ONEOK by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 912,694 shares of the utilities provider’s stock worth $47,603,000 after purchasing an additional 13,443 shares during the period. Starr International Co. Inc. bought a new position in ONEOK during the third quarter worth $8,089,000. New York State Common Retirement Fund boosted its position in ONEOK by 1.6% during the third quarter. New York State Common Retirement Fund now owns 552,700 shares of the utilities provider’s stock worth $30,625,000 after purchasing an additional 8,800 shares during the period. Neuberger Berman Group LLC boosted its position in ONEOK by 3.3% during the third quarter. Neuberger Berman Group LLC now owns 9,398,693 shares of the utilities provider’s stock worth $520,782,000 after purchasing an additional 300,031 shares during the period. Finally, Shell Asset Management Co. boosted its position in ONEOK by 240.1% during the third quarter. Shell Asset Management Co. now owns 47,465 shares of the utilities provider’s stock worth $3,111,000 after purchasing an additional 33,507 shares during the period. 66.52% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on OKE shares. Zacks Investment Research cut shares of ONEOK from a “buy” rating to a “sell” rating in a research report on Tuesday, October 31st. UBS Group boosted their target price on shares of ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 target price on shares of ONEOK in a research report on Thursday, October 12th. Bank of America began coverage on shares of ONEOK in a research report on Tuesday, January 9th. They issued a “neutral” rating for the company. Finally, BMO Capital Markets set a $62.00 target price on shares of ONEOK and gave the company a “buy” rating in a research report on Wednesday, October 18th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $59.85.

In related news, Director Brian L. Derksen purchased 1,800 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of $51.00 per share, with a total value of $91,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Shares of ONEOK, Inc. (NYSE:OKE) opened at $54.40 on Friday. The stock has a market cap of $22,170.00, a PE ratio of 34.00, a PEG ratio of 1.79 and a beta of 1.26. ONEOK, Inc. has a 52-week low of $47.14 and a 52-week high of $61.36. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.55 and a quick ratio of 0.41.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, January 29th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend is Friday, January 26th. This is an increase from ONEOK’s previous quarterly dividend of $0.75. ONEOK’s 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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