ONEOK, Inc. (NYSE:OKE) is Pathway Financial Advisers LLC’s 5th Largest Position

Pathway Financial Advisers LLC decreased its position in ONEOK, Inc. (NYSE:OKE) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,936 shares of the utilities provider’s stock after selling 224 shares during the quarter. ONEOK accounts for 2.0% of Pathway Financial Advisers LLC’s portfolio, making the stock its 5th biggest holding. Pathway Financial Advisers LLC’s holdings in ONEOK were worth $6,018,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Kieckhefer Group LLC bought a new position in shares of ONEOK in the 4th quarter valued at about $30,000. Access Investment Management LLC purchased a new stake in ONEOK during the third quarter valued at approximately $37,000. Values First Advisors Inc. bought a new stake in shares of ONEOK in the 3rd quarter valued at approximately $44,000. Fortitude Family Office LLC boosted its holdings in shares of ONEOK by 37.4% in 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 increased its position in shares of ONEOK by 98.1% during the 4th 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. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Down 1.3 %

NYSE OKE opened at $97.62 on Thursday. The company’s 50-day simple moving average is $102.23 and its two-hundred day simple moving average is $97.94. ONEOK, Inc. has a one year low of $68.65 and a one year high of $118.07. The company has a market capitalization of $57.03 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $1.03 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date is Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 4.22%. ONEOK’s payout ratio is 86.19%.

Analyst Ratings Changes

OKE has been the subject of a number of analyst reports. Truist Financial raised their price target on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their target price on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Scotiabank initiated coverage on shares of ONEOK in a research note on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target for the company. UBS Group raised their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Barclays assumed coverage on ONEOK in a research report on Thursday, February 6th. They set an “equal weight” rating and a $105.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.92.

ONEOK 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.