Avion Wealth Sells 954 Shares of ONEOK, Inc. (NYSE:OKE)

Avion Wealth decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 70.9% during the 4th quarter, Holdings Channel reports. The fund owned 391 shares of the utilities provider’s stock after selling 954 shares during the quarter. Avion Wealth’s holdings in ONEOK were worth $39,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of OKE. Kieckhefer Group LLC acquired a new stake in ONEOK during the 4th quarter worth approximately $30,000. Access Investment Management LLC acquired a new stake in ONEOK during the 3rd quarter worth approximately $37,000. Values First Advisors Inc. acquired a new stake in shares of ONEOK in the third quarter valued at approximately $44,000. Fortitude Family Office LLC raised its holdings in shares of ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 135 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of ONEOK by 98.1% in the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 0.3 %

OKE stock opened at $98.98 on Wednesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The company has a fifty day moving average price of $102.68 and a two-hundred day moving average price of $97.82. ONEOK, Inc. has a one year low of $68.65 and a one year high of $118.07. The stock has a market cap of $57.82 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.16%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Monday, February 3rd. ONEOK’s payout ratio is 86.19%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OKE. Bank of America began coverage on shares of ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price objective on the stock. Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. in a report on Wednesday, December 18th. Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Finally, UBS Group boosted their target price on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.92.

About ONEOK

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.