ONEOK, Inc. (NYSE:OKE) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board trimmed its holdings in ONEOK, Inc. (NYSE:OKE) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,810 shares of the utilities provider’s stock after selling 700 shares during the quarter. New Mexico Educational Retirement Board’s holdings in ONEOK were worth $2,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. AustralianSuper Pty Ltd bought a new stake in ONEOK during the fourth quarter worth approximately $18,292,000. Catalyst Financial Partners LLC lifted its position in shares of ONEOK by 3.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 4,183 shares of the utilities provider’s stock valued at $420,000 after acquiring an additional 137 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of ONEOK by 20.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 259,564 shares of the utilities provider’s stock worth $26,172,000 after acquiring an additional 44,418 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of ONEOK by 17.2% in the 4th quarter. Avestar Capital LLC now owns 2,771 shares of the utilities provider’s stock worth $278,000 after acquiring an additional 406 shares during the last quarter. Finally, MGB Wealth Management LLC raised its position in shares of ONEOK by 0.9% during the fourth quarter. MGB Wealth Management LLC now owns 37,144 shares of the utilities provider’s stock worth $3,731,000 after purchasing an additional 344 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 1.0 %

OKE opened at $97.96 on Friday. ONEOK, Inc. has a fifty-two week low of $69.01 and a fifty-two week high of $118.07. The business has a 50-day moving average of $101.79 and a 200-day moving average of $98.05. 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 market capitalization of $57.23 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $1.03 per share. The ex-dividend date was Monday, February 3rd. 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 4.21%. ONEOK’s dividend payout ratio (DPR) is 86.19%.

Analysts Set New Price Targets

A number of research firms recently weighed in on OKE. Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Monday, February 10th. Scotiabank began coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Barclays began coverage on ONEOK in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price target for the company. Finally, Truist Financial increased their price target on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.