Yousif Capital Management LLC Sells 3,515 Shares of ONEOK, Inc. (NYSE:OKE)

Yousif Capital Management LLC lessened its stake in shares of ONEOK, Inc. (NYSE:OKE) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,628 shares of the utilities provider’s stock after selling 3,515 shares during the quarter. Yousif Capital Management LLC’s holdings in ONEOK were worth $7,995,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of OKE. Matrix Trust Co bought a new stake in ONEOK during the 3rd quarter worth $29,000. Kieckhefer Group LLC bought a new stake in shares of ONEOK during the fourth quarter worth about $30,000. Access Investment Management LLC acquired a new position in shares of ONEOK in the third quarter valued at approximately $37,000. Values First Advisors Inc. acquired a new stake in ONEOK during the 3rd quarter worth approximately $44,000. Finally, Fortitude Family Office LLC grew its holdings in 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 during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 16th. Truist Financial lifted their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a research note on Wednesday, December 18th. Barclays lifted their price objective on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday. Seven 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK Trading Up 0.8 %

NYSE:OKE opened at $97.84 on Thursday. ONEOK, Inc. has a 12 month low of $67.67 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 stock has a market capitalization of $57.16 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 3.69 and a beta of 1.70. The firm has a fifty day simple moving average of $103.91 and a two-hundred day simple moving average of $97.42.

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 given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 4.21%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date is Monday, February 3rd. ONEOK’s payout ratio is presently 82.85%.

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.