Meixler Investment Management Ltd. Sells 1,064 Shares of ONEOK, Inc. (NYSE:OKE)

Meixler Investment Management Ltd. reduced its stake in shares of ONEOK, Inc. (NYSE:OKE) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,932 shares of the utilities provider’s stock after selling 1,064 shares during the period. Meixler Investment Management Ltd.’s holdings in ONEOK were worth $696,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of OKE. Kieckhefer Group LLC bought a new position in shares of ONEOK in the 4th quarter worth about $30,000. Access Investment Management LLC bought a new position in shares of ONEOK in the 3rd quarter worth about $37,000. Values First Advisors Inc. bought a new position in shares of ONEOK in the 3rd quarter worth about $44,000. Fortitude Family Office LLC raised its position 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 worth $45,000 after acquiring an additional 135 shares in the last quarter. Finally, Versant Capital Management Inc raised its position 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 worth $53,000 after acquiring an additional 260 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Down 1.0 %

NYSE:OKE opened at $97.96 on Friday. 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 $57.23 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70. The firm’s 50 day moving average is $101.79 and its 200 day moving average is $98.05. ONEOK, Inc. has a 12 month low of $69.01 and a 12 month high of $118.07.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 4.21%. ONEOK’s payout ratio is presently 86.19%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on OKE shares. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Monday, February 10th. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Truist Financial boosted their target price on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Finally, Scotiabank started coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and an average target price of $103.92.

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.