ONEOK, Inc. (NYSE:OKE) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in ONEOK, Inc. (NYSE:OKEFree Report) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,329 shares of the utilities provider’s stock after purchasing an additional 2,358 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in ONEOK were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. King Luther Capital Management Corp grew its stake in shares of ONEOK by 2.4% in the 2nd quarter. King Luther Capital Management Corp now owns 6,793 shares of the utilities provider’s stock worth $419,000 after purchasing an additional 162 shares during the last quarter. Hoxton Planning & Management LLC grew its stake in shares of ONEOK by 5.0% in the 3rd quarter. Hoxton Planning & Management LLC now owns 3,594 shares of the utilities provider’s stock worth $228,000 after purchasing an additional 170 shares during the last quarter. Wealthspire Advisors LLC grew its stake in shares of ONEOK by 0.9% in the 2nd quarter. Wealthspire Advisors LLC now owns 19,296 shares of the utilities provider’s stock worth $1,191,000 after purchasing an additional 171 shares during the last quarter. MML Investors Services LLC grew its stake in shares of ONEOK by 0.8% in the 2nd quarter. MML Investors Services LLC now owns 21,637 shares of the utilities provider’s stock worth $1,335,000 after purchasing an additional 177 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of ONEOK by 1.3% in the second quarter. Fifth Third Bancorp now owns 13,874 shares of the utilities provider’s stock worth $856,000 after buying an additional 178 shares during the period. 68.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other ONEOK news, Director Eduardo A. Rodriguez sold 800 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $70.29, for a total transaction of $56,232.00. Following the completion of the transaction, the director now owns 25,154 shares in the company, valued at $1,768,074.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.65% of the stock is currently owned by company insiders.

ONEOK Trading Up 0.1 %

ONEOK stock opened at $69.04 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.97 and a quick ratio of 0.66. The company has a market capitalization of $40.22 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.93 and a beta of 1.64. ONEOK, Inc. has a one year low of $55.91 and a one year high of $72.51. The company’s fifty day moving average price is $69.47 and its two-hundred day moving average price is $67.18.

ONEOK declared that its board has initiated a share repurchase plan on Wednesday, January 17th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the utilities provider to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Tuesday, January 30th will be given a $0.99 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.96. This represents a $3.96 annualized dividend and a dividend yield of 5.74%. The ex-dividend date of this dividend is Monday, January 29th. ONEOK’s dividend payout ratio (DPR) is currently 72.66%.

Analyst Upgrades and Downgrades

OKE has been the subject of several recent analyst reports. Wolfe Research upgraded shares of ONEOK from an “underperform” rating to a “peer perform” rating in a report on Wednesday, January 10th. Mizuho raised their target price on shares of ONEOK from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Truist Financial raised their target price on shares of ONEOK from $68.00 to $71.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Raymond James raised their target price on shares of ONEOK from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Finally, Bank of America upgraded shares of ONEOK from a “neutral” rating to a “buy” rating and raised their price target for the stock from $72.00 to $83.00 in a report on Monday, December 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.91.

Check Out Our Latest Stock Analysis on ONEOK

ONEOK Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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