ONEOK, Inc. (NYSE:OKE) Stock Position Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,744 shares of the utilities provider’s stock after acquiring an additional 594 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in ONEOK were worth $1,882,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Astoria Portfolio Advisors LLC. raised its position in shares of ONEOK by 4.1% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 96 shares during the period. Mutual Advisors LLC increased its position in ONEOK by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider’s stock worth $965,000 after buying an additional 103 shares during the period. Morton Capital Management LLC CA lifted its stake in ONEOK by 1.4% in the fourth quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock valued at $734,000 after buying an additional 104 shares during the last quarter. HM Payson & Co. lifted its stake in ONEOK by 6.3% in the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock valued at $161,000 after buying an additional 105 shares during the last quarter. Finally, Bill Few Associates Inc. boosted its holdings in shares of ONEOK by 3.9% during the fourth quarter. Bill Few Associates Inc. now owns 2,773 shares of the utilities provider’s stock valued at $278,000 after acquiring an additional 105 shares during the period. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OKE. Scotiabank began coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective on the stock. Royal Bank of Canada lifted their price target on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Truist Financial raised their target price on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Finally, UBS Group boosted their price target on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.92.

ONEOK Price Performance

NYSE:OKE opened at $96.95 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The business’s 50-day moving average price is $104.51 and its 200 day moving average price is $97.14. ONEOK, Inc. has a 52-week low of $67.05 and a 52-week high of $118.07. The firm has a market cap of $56.64 billion, a P/E ratio of 20.28, a PEG ratio of 3.81 and a beta of 1.70.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $1.03 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Monday, February 3rd. ONEOK’s payout ratio is presently 82.85%.

ONEOK Company Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.