Stratos Wealth Partners LTD. Buys 931 Shares of ONEOK, Inc. (NYSE:OKE)

Stratos Wealth Partners LTD. grew its stake in ONEOK, Inc. (NYSE:OKE) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,465 shares of the utilities provider’s stock after purchasing an additional 931 shares during the period. Stratos Wealth Partners LTD.’s holdings in ONEOK were worth $6,673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Kieckhefer Group LLC bought a new stake in ONEOK in the fourth quarter worth $30,000. Matrix Trust Co purchased a new stake in shares of ONEOK in the third quarter valued at $29,000. Access Investment Management LLC bought a new stake in shares of ONEOK in the 3rd quarter worth about $37,000. Values First Advisors Inc. purchased a new position in shares of ONEOK during the 3rd quarter worth about $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 valued at $45,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $97.84 on Thursday. The firm has a 50 day moving average of $103.91 and a 200 day moving average of $97.42. 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 market capitalization of $57.16 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 3.69 and a beta of 1.70. ONEOK, Inc. has a 52 week low of $67.67 and a 52 week high of $118.07.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend 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%.

Wall Street Analyst Weigh In

OKE has been the subject of several recent analyst reports. Barclays boosted their target price on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Bank of America assumed coverage on ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price objective on the stock. Mizuho upgraded ONEOK to a “hold” rating in a research report on Thursday, November 7th. Scotiabank initiated coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target on the stock. Finally, UBS Group lifted their price objective on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and a consensus price target of $102.92.

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.