Focus Financial Network Inc. Has $1.30 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Focus Financial Network Inc. lowered its holdings in ONEOK, Inc. (NYSE:OKE) by 3.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,989 shares of the utilities provider’s stock after selling 516 shares during the quarter. Focus Financial Network Inc.’s holdings in ONEOK were worth $1,304,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Kieckhefer Group LLC acquired a new stake in shares of ONEOK in the fourth quarter worth $30,000. Access Investment Management LLC bought a new stake in ONEOK in the 3rd quarter valued at $37,000. Values First Advisors Inc. acquired a new stake in ONEOK in the 3rd quarter worth $44,000. Fortitude Family Office LLC increased its holdings in shares of ONEOK by 37.4% during the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 135 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of ONEOK by 98.1% during the fourth quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock valued at $53,000 after buying an additional 260 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

NYSE:OKE opened at $98.98 on Wednesday. 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 firm has a market cap of $57.82 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70. ONEOK, Inc. has a 12 month low of $68.65 and a 12 month high of $118.07. The company’s 50-day moving average price is $102.68 and its two-hundred day moving average price is $97.82.

ONEOK Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OKE shares. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a research report on Wednesday, December 18th. Royal Bank of Canada lifted their price objective on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Scotiabank started coverage on ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price for the company. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America began coverage on shares of ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and an average target price of $103.92.

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.