Fullcircle Wealth LLC Acquires 8,140 Shares of ONEOK, Inc. $OKE

Fullcircle Wealth LLC boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 106.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,777 shares of the utilities provider’s stock after purchasing an additional 8,140 shares during the quarter. Fullcircle Wealth LLC’s holdings in ONEOK were worth $1,151,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Assetmark Inc. grew its holdings in shares of ONEOK by 84.0% in the second quarter. Assetmark Inc. now owns 4,047 shares of the utilities provider’s stock worth $330,000 after acquiring an additional 1,848 shares during the period. Morningstar Investment Management LLC boosted its position in ONEOK by 18.2% in the second quarter. Morningstar Investment Management LLC now owns 27,375 shares of the utilities provider’s stock worth $2,235,000 after purchasing an additional 4,206 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its stake in shares of ONEOK by 34.1% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock valued at $6,397,000 after purchasing an additional 22,282 shares during the period. National Pension Service increased its position in shares of ONEOK by 2.9% during the 3rd quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after purchasing an additional 24,003 shares during the last quarter. Finally, Meixler Investment Management Ltd. lifted its stake in shares of ONEOK by 134.0% in the 2nd quarter. Meixler Investment Management Ltd. now owns 30,937 shares of the utilities provider’s stock worth $2,525,000 after purchasing an additional 17,714 shares during the period. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Up 1.8%

Shares of OKE stock opened at $81.89 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. The stock has a fifty day simple moving average of $74.80 and a two-hundred day simple moving average of $73.34. The firm has a market capitalization of $51.53 billion, a PE ratio of 15.05, a PEG ratio of 4.65 and a beta of 0.96. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $103.64.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be paid a dividend of $1.07 per share. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $4.28 annualized dividend and a yield of 5.2%. ONEOK’s dividend payout ratio is 78.68%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on OKE shares. Citigroup reduced their target price on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a report on Friday, October 31st. Stifel Nicolaus set a $94.00 price objective on ONEOK in a research note on Thursday, October 30th. UBS Group lowered their target price on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. TD Cowen reduced their price target on ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 price objective (down previously from $100.00) on shares of ONEOK in a research note on Friday, October 24th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, ONEOK has an average rating of “Hold” and an average price target of $87.31.

ONEOK Profile

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.