Catalyst Capital Advisors LLC Decreases Stake in ONEOK, Inc. (OKE)

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Catalyst Capital Advisors LLC reduced its holdings in ONEOK, Inc. (NYSE:OKE) by 17.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 158,616 shares of the utilities provider’s stock after selling 33,150 shares during the period. Catalyst Capital Advisors LLC’s holdings in ONEOK were worth $8,557,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. UMB Bank N A MO grew its holdings in shares of ONEOK by 34.2% in the third quarter. UMB Bank N A MO now owns 3,863 shares of the utilities provider’s stock valued at $262,000 after purchasing an additional 985 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of ONEOK by 4.0% in the third quarter. Hodges Capital Management Inc. now owns 56,369 shares of the utilities provider’s stock valued at $3,821,000 after purchasing an additional 2,194 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of ONEOK by 2,046.8% in the third quarter. Captrust Financial Advisors now owns 32,932 shares of the utilities provider’s stock valued at $2,232,000 after purchasing an additional 31,398 shares in the last quarter. Telemus Capital LLC acquired a new position in shares of ONEOK in the third quarter valued at approximately $264,000. Finally, Eaton Vance Management acquired a new position in shares of ONEOK in the third quarter valued at approximately $1,074,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ONEOK stock opened at $68.58 on Wednesday. The firm has a market cap of $27.85 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 2.45 and a beta of 1.20. The company has a quick ratio of 0.51, a current ratio of 0.74 and a debt-to-equity ratio of 1.25. ONEOK, Inc. has a one year low of $50.26 and a one year high of $71.99.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Monday, January 28th were paid a dividend of $0.86 per share. The ex-dividend date was Friday, January 25th. This is a boost from ONEOK’s previous quarterly dividend of $0.86. This represents a $3.44 dividend on an annualized basis and a dividend yield of 5.02%. ONEOK’s dividend payout ratio is 195.45%.

Several research analysts have commented on the stock. Citigroup upgraded shares of ONEOK from a “neutral” rating to a “buy” rating and set a $67.00 price target for the company in a report on Thursday, November 29th. Wolfe Research assumed coverage on shares of ONEOK in a report on Thursday, December 13th. They set an “outperform” rating and a $66.00 price target for the company. ValuEngine cut shares of ONEOK from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Evercore ISI initiated coverage on shares of ONEOK in a report on Tuesday, February 5th. They set a $68.00 price target for the company. Finally, Bank of America upgraded shares of ONEOK from a “neutral” rating to a “buy” rating and upped their target price for the company from $71.00 to $75.00 in a report on Friday, November 2nd. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. ONEOK has an average rating of “Buy” and an average target price of $70.24.

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About ONEOK

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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