Advantage Trust Co Sells 435 Shares of ONEOK, Inc. (NYSE:OKE)

Advantage Trust Co lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 26.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,227 shares of the utilities provider’s stock after selling 435 shares during the period. Advantage Trust Co’s holdings in ONEOK were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Ipswich Investment Management Co. Inc. increased its holdings in ONEOK by 3.9% in the 4th quarter. Ipswich Investment Management Co. Inc. now owns 64,430 shares of the utilities provider’s stock valued at $6,469,000 after acquiring an additional 2,446 shares during the last quarter. Passumpsic Savings Bank bought a new stake in shares of ONEOK in the fourth quarter worth about $816,000. Outfitter Financial LLC bought a new stake in shares of ONEOK in the fourth quarter worth about $3,263,000. Bank of Stockton purchased a new stake in shares of ONEOK in the fourth quarter worth about $232,000. Finally, Paradigm Asset Management Co. LLC bought a new position in ONEOK during the fourth quarter valued at approximately $151,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 0.6 %

Shares of OKE opened at $98.07 on Friday. ONEOK, Inc. has a 12 month low of $72.44 and a 12 month high of $118.07. The firm has a market cap of $57.29 billion, a P/E ratio of 20.52, a PEG ratio of 3.77 and a beta of 1.70. 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’s 50 day moving average is $101.19 and its two-hundred day moving average is $98.65.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 4.20%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. ONEOK’s payout ratio is presently 86.19%.

Analyst Ratings Changes

Several analysts have recently issued reports on OKE shares. Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. in a report on Wednesday, December 18th. Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Monday, February 10th. Scotiabank began coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Barclays started coverage on ONEOK in a research note on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price objective for the company. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.