Swiss National Bank raised its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,401,512 shares of the utilities provider’s stock after purchasing an additional 1,800 shares during the period. Swiss National Bank’s holdings in ONEOK were worth $74,911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. California Public Employees Retirement System boosted its stake in ONEOK by 4.8% during the 4th quarter. California Public Employees Retirement System now owns 837,417 shares of the utilities provider’s stock valued at $44,760,000 after purchasing an additional 38,229 shares during the last quarter. MPI Investment Management Inc. purchased a new stake in ONEOK during the 4th quarter valued at $510,000. Teacher Retirement System of Texas boosted its stake in ONEOK by 663.8% during the 4th quarter. Teacher Retirement System of Texas now owns 102,737 shares of the utilities provider’s stock valued at $5,491,000 after purchasing an additional 89,286 shares during the last quarter. SFE Investment Counsel boosted its stake in ONEOK by 64.6% during the 4th quarter. SFE Investment Counsel now owns 86,607 shares of the utilities provider’s stock valued at $4,629,000 after purchasing an additional 33,979 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in shares of ONEOK by 82.5% during the 4th quarter. Hodges Capital Management Inc. now owns 32,154 shares of the utilities provider’s stock valued at $1,719,000 after buying an additional 14,531 shares during the period. Institutional investors and hedge funds own 66.59% of the company’s stock.

In related news, Director Brian L. Derksen bought 1,800 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average cost of $51.00 per share, with a total value of $91,800.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on ONEOK from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Monday. Zacks Investment Research cut ONEOK from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. UBS Group increased their price target on ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Mizuho reissued a “hold” rating and set a $61.00 price target on shares of ONEOK in a report on Tuesday, January 23rd. Finally, Wells Fargo & Co raised ONEOK from a “market perform” rating to an “outperform” rating in a report on Thursday, January 11th. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. ONEOK has an average rating of “Buy” and an average price target of $60.15.

ONEOK, Inc. (NYSE:OKE) opened at $56.84 on Wednesday. ONEOK, Inc. has a twelve month low of $47.14 and a twelve month high of $61.36. The company has a market capitalization of $23,170.00, a price-to-earnings ratio of 35.53, a P/E/G ratio of 1.79 and a beta of 1.26. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47.

The business also recently announced 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 is a boost from ONEOK’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Friday, January 26th. ONEOK’s dividend payout ratio (DPR) is currently 192.50%.

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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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