Bollard Group LLC raised its position in shares of ONEOK, Inc. (NYSE:OKE) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,056 shares of the utilities provider’s stock after purchasing an additional 7,960 shares during the period. Bollard Group LLC’s holdings in ONEOK were worth $8,797,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OKE. BlackRock Inc. boosted its stake in ONEOK by 6.0% during the 3rd quarter. BlackRock Inc. now owns 38,820,386 shares of the utilities provider’s stock valued at $2,631,634,000 after purchasing an additional 2,190,726 shares during the period. Capital International Investors acquired a new position in ONEOK during the 3rd quarter valued at about $136,765,000. Renaissance Technologies LLC boosted its stake in ONEOK by 122.6% during the 3rd quarter. Renaissance Technologies LLC now owns 1,600,068 shares of the utilities provider’s stock valued at $108,469,000 after purchasing an additional 881,254 shares during the period. Tortoise Capital Advisors L.L.C. boosted its stake in ONEOK by 6.3% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 14,720,159 shares of the utilities provider’s stock valued at $997,880,000 after purchasing an additional 877,072 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in ONEOK by 177.9% during the 3rd quarter. Janus Henderson Group PLC now owns 1,320,474 shares of the utilities provider’s stock valued at $89,515,000 after purchasing an additional 845,352 shares during the period. 73.16% of the stock is owned by hedge funds and other institutional investors.

NYSE OKE opened at $65.02 on Monday. 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 12 month low of $50.26 and a 12 month high of $71.99. The company has a market capitalization of $26.75 billion, a P/E ratio of 36.94, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20.

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

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Friday, October 19th. ValuEngine raised shares of ONEOK from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Seaport Global Securities raised shares of ONEOK from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Friday, October 19th. Evercore ISI assumed coverage on shares of ONEOK in a research note on Tuesday, February 5th. They issued a $68.00 price target for the company. Finally, Jefferies Financial Group raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Tuesday, October 16th. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. ONEOK presently has a consensus rating of “Buy” and an average target price of $70.24.

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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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