ONEOK, Inc. (NYSE:OKE) Shares Bought by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 15,504 shares of the utilities provider’s stock after buying an additional 374 shares during the period. ONEOK accounts for about 0.5% of Adamsbrown Wealth Consultants LLC’s holdings, making the stock its 24th biggest holding. Adamsbrown Wealth Consultants LLC’s holdings in ONEOK were worth $1,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Czech National Bank raised its position in shares of ONEOK by 7.0% in the third quarter. Czech National Bank now owns 118,982 shares of the utilities provider’s stock worth $10,843,000 after acquiring an additional 7,763 shares during the period. GAMMA Investing LLC raised its position in shares of ONEOK by 17.1% during the 3rd quarter. GAMMA Investing LLC now owns 9,692 shares of the utilities provider’s stock worth $883,000 after purchasing an additional 1,416 shares during the last quarter. WealthBridge Capital Management LLC raised its position in shares of ONEOK by 12.8% during the 3rd quarter. WealthBridge Capital Management LLC now owns 9,819 shares of the utilities provider’s stock worth $895,000 after purchasing an additional 1,115 shares during the last quarter. Bangor Savings Bank acquired a new position in shares of ONEOK during the 3rd quarter worth about $51,000. Finally, Chesley Taft & Associates LLC raised its position in shares of ONEOK by 1.8% during the 3rd quarter. Chesley Taft & Associates LLC now owns 56,479 shares of the utilities provider’s stock worth $5,147,000 after purchasing an additional 1,000 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Price Performance

OKE opened at $96.95 on Monday. The stock’s 50-day moving average price is $104.51 and its 200 day moving average price is $97.14. ONEOK, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm has a market cap of $56.64 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 3.69 and a beta of 1.70.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $1.03 per share. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 4.25%. ONEOK’s dividend payout ratio is presently 82.85%.

Analyst Ratings Changes

Several research analysts recently weighed in on OKE shares. Mizuho upgraded shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a research note on Wednesday, December 18th. Bank of America initiated coverage on shares of ONEOK in a research note on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective for the company. Truist Financial upped their price objective on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Finally, UBS Group upped their price objective on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $102.92.

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.