Check Capital Management Inc. CA Acquires Shares of 2,000 ONEOK, Inc. (NYSE:OKE)

Check Capital Management Inc. CA acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,000 shares of the utilities provider’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kieckhefer Group LLC acquired a new stake in ONEOK in the 4th quarter valued at about $30,000. Access Investment Management LLC acquired a new stake in ONEOK in the 3rd quarter valued at about $37,000. Values First Advisors Inc. acquired a new stake in ONEOK in the 3rd quarter valued at about $44,000. Fortitude Family Office LLC boosted its stake in shares of ONEOK by 37.4% in the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 135 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of ONEOK by 98.1% in the 4th quarter. Versant Capital Management Inc now owns 525 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of OKE stock opened at $97.96 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The company has a market capitalization of $57.23 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70. The company’s 50 day moving average price is $101.79 and its two-hundred day moving average price is $98.05. ONEOK, Inc. has a 52 week low of $69.01 and a 52 week high of $118.07.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $1.03 dividend. 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%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OKE. Mizuho raised shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Truist Financial raised their target price 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. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Barclays began coverage on shares of ONEOK in a research note on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a research note on Wednesday, December 18th. Seven investment 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 stock. Based on data from MarketBeat.com, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus price target 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.