Buckley Wealth Management LLC Buys Shares of 12,295 ONEOK, Inc. (OKE)

Buckley Wealth Management LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE) in the fourth quarter, HoldingsChannel reports. The firm bought 12,295 shares of the utilities provider’s stock, valued at approximately $657,000.

Several other hedge funds have also modified their holdings of OKE. FMR LLC raised its stake in shares of ONEOK by 27.4% during the 2nd quarter. FMR LLC now owns 148,275 shares of the utilities provider’s stock worth $7,734,000 after buying an additional 31,888 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ONEOK by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 912,694 shares of the utilities provider’s stock worth $47,603,000 after buying an additional 13,443 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of ONEOK by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 318,015 shares of the utilities provider’s stock worth $16,587,000 after buying an additional 2,020 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of ONEOK during the 2nd quarter worth approximately $1,268,000. Finally, Ameritas Investment Partners Inc. increased its stake in ONEOK by 71.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,631 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 3,600 shares in the last quarter. 66.52% of the stock is owned by institutional investors and hedge funds.

ONEOK, Inc. (NYSE OKE) opened at $54.33 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $22,150.00, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 1.72 and a beta of 1.26. ONEOK, Inc. has a 1 year low of $47.14 and a 1 year high of $61.36.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, January 29th will be given a dividend of $0.77 per share. This is an increase from ONEOK’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 26th. This represents a $3.08 annualized dividend and a yield of 5.67%. ONEOK’s dividend payout ratio (DPR) is presently 192.50%.

Several equities analysts recently weighed in on the company. Mizuho reaffirmed a “hold” rating and issued a $61.00 price objective on shares of ONEOK in a research note on Tuesday, January 23rd. Credit Suisse Group assumed coverage on ONEOK in a research note on Monday, January 8th. They issued an “outperform” rating and a $62.00 price objective for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $64.00 price objective on shares of ONEOK in a research note on Tuesday, January 16th. Royal Bank of Canada raised ONEOK from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. Finally, Wells Fargo & Co raised ONEOK from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 11th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $59.85.

In related news, Director Brian L. Derksen purchased 1,800 shares of the company’s stock in a transaction on Monday, November 20th. The stock was bought at an average price of $51.00 per share, with a total value of $91,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

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ONEOK Company Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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