ONEOK, Inc. (OKE) Shares Bought by Advisory Research Inc.

Advisory Research Inc. raised its stake in shares of ONEOK, Inc. (NYSE:OKE) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,968,238 shares of the utilities provider’s stock after buying an additional 22,834 shares during the period. ONEOK comprises about 1.7% of Advisory Research Inc.’s portfolio, making the stock its 11th largest holding. Advisory Research Inc.’s holdings in ONEOK were worth $105,202,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OKE. Winslow Evans & Crocker Inc. raised its stake in shares of ONEOK by 462.9% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after buying an additional 1,620 shares during the last quarter. Mercer Capital Advisers Inc. raised its stake in shares of ONEOK by 229.8% during the 3rd quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after buying an additional 1,379 shares during the last quarter. Enterprise Financial Services Corp raised its stake in shares of ONEOK by 332.8% during the 3rd quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after buying an additional 1,744 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of ONEOK during the 3rd quarter valued at about $150,000. Finally, Sun Life Financial INC raised its stake in shares of ONEOK by 82.1% during the 3rd quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock valued at $155,000 after buying an additional 1,261 shares during the last quarter. Institutional investors and hedge funds own 66.59% of the company’s stock.

Shares of ONEOK, Inc. (NYSE:OKE) opened at $56.84 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47. ONEOK, Inc. has a twelve month low of $47.14 and a twelve month high of $61.36. The stock has a market capitalization of $23,170.00, a PE ratio of 35.53, a P/E/G ratio of 1.72 and a beta of 1.26.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, January 29th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 5.42%. This is a boost from ONEOK’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 26th. ONEOK’s payout ratio is presently 192.50%.

In other news, Director Brian L. Derksen acquired 1,800 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average cost of $51.00 per share, for a total transaction of $91,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

OKE has been the subject of a number of recent research reports. Zacks Investment Research upgraded ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a research note on Tuesday, October 17th. Royal Bank of Canada upgraded ONEOK from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. 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 target for the company. BMO Capital Markets set a $62.00 price target on ONEOK and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $55.00 price target on shares of ONEOK in a research note on Friday, November 3rd. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $60.15.

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About ONEOK

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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