ONEOK, Inc. (NYSE:OKE) Shares Sold by VAUGHAN & Co SECURITIES INC.

VAUGHAN & Co SECURITIES INC. lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,584 shares of the utilities provider’s stock after selling 597 shares during the quarter. ONEOK comprises about 0.5% of VAUGHAN & Co SECURITIES INC.’s holdings, making the stock its 21st biggest holding. VAUGHAN & Co SECURITIES INC.’s holdings in ONEOK were worth $862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in OKE. Matrix Trust Co purchased a new stake in shares of ONEOK in the 3rd quarter valued at approximately $29,000. Kieckhefer Group LLC acquired a new position in shares of ONEOK during the fourth quarter worth $30,000. Access Investment Management LLC purchased a new position in ONEOK in the third quarter valued at $37,000. Values First Advisors Inc. acquired a new stake in ONEOK in the third quarter valued at $44,000. Finally, Fortitude Family Office LLC boosted its position 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 acquiring an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America assumed coverage on ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 target price on the stock. Barclays boosted their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. UBS Group increased their target price on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Finally, US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $102.92.

ONEOK Price Performance

Shares of NYSE:OKE opened at $97.84 on Thursday. 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 company has a 50-day moving average price of $103.91 and a 200 day moving average price of $97.42. ONEOK, Inc. has a 52 week low of $67.67 and a 52 week high of $118.07. The company has a market cap of $57.16 billion, a P/E ratio of 20.47, a PEG ratio of 3.69 and a beta of 1.70.

ONEOK Increases Dividend

The business 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 a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date is Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 4.21%. ONEOK’s dividend payout ratio (DPR) is 82.85%.

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.