Hartford Investment Management Co. Decreases Position in ONEOK, Inc. (OKE)

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Hartford Investment Management Co. trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,750 shares of the utilities provider’s stock after selling 525 shares during the period. Hartford Investment Management Co.’s holdings in ONEOK were worth $2,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Robecosam AG lifted its holdings in ONEOK by 9.7% in the 4th quarter. Robecosam AG now owns 40,930 shares of the utilities provider’s stock worth $2,168,000 after buying an additional 3,635 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its holdings in ONEOK by 601.9% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 55,931 shares of the utilities provider’s stock worth $3,017,000 after buying an additional 47,963 shares in the last quarter. Tdam USA Inc. lifted its holdings in ONEOK by 8.6% in the 4th quarter. Tdam USA Inc. now owns 8,582 shares of the utilities provider’s stock worth $463,000 after buying an additional 680 shares in the last quarter. TD Asset Management Inc. lifted its holdings in ONEOK by 1.9% in the 4th quarter. TD Asset Management Inc. now owns 181,949 shares of the utilities provider’s stock worth $9,816,000 after buying an additional 3,447 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in ONEOK by 4.9% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 519,127 shares of the utilities provider’s stock worth $28,007,000 after buying an additional 24,020 shares in the last quarter. 73.16% of the stock is owned by hedge funds and other institutional investors.

OKE has been the topic of a number of recent analyst reports. Seaport Global Securities upgraded shares of ONEOK from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Friday, October 19th. ValuEngine upgraded shares of ONEOK from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Barclays set a $66.00 price objective on shares of ONEOK and gave the stock a “hold” rating in a report on Wednesday, January 16th. US Capital Advisors reiterated a “buy” rating on shares of ONEOK in a report on Wednesday, January 16th. Finally, SunTrust Banks initiated coverage on shares of ONEOK in a report on Friday, January 18th. They issued a “buy” rating and a $72.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. ONEOK currently has a consensus rating of “Buy” and a consensus price target of $70.24.

Shares of ONEOK stock opened at $65.02 on Friday. The stock has a market capitalization of $26.75 billion, a PE ratio of 36.94, a P/E/G ratio of 2.36 and a beta of 1.20. The company has a current ratio of 0.74, a quick ratio of 0.51 and a debt-to-equity ratio of 1.25. ONEOK, Inc. has a 1 year low of $50.26 and a 1 year high of $71.99.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Monday, January 28th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend is Friday, January 25th. This is a positive change from ONEOK’s previous quarterly dividend of $0.86. ONEOK’s dividend payout ratio is 195.45%.

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ONEOK Profile

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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