Advisors Capital Management LLC significantly increased its stake in ONEOK, Inc. (NYSE:OKE) by 23.6% in the third quarter, bringing their total holdings to 759,241 shares valued at approximately $55.4 million. Other major institutional investors also made significant moves, with Norges Bank initiating a large new position and Vanguard Group increasing its extensive holdings. ONEOK recently raised its quarterly dividend to $1.07, resulting in a 5.0% yield and a payout ratio of 78.7%.
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ONEOK, Inc. $OKE Shares Purchased by Advisors Capital Management LLC
Advisors Capital Management LLC significantly increased its stake in ONEOK, Inc. (NYSE:OKE) by 23.6% in the third quarter, bringing their total holdings to 759,241 shares valued at approximately $55.4 million. Other major institutional investors also made significant moves, with Norges Bank initiating a large new position and Vanguard Group increasing its extensive holdings. ONEOK recently raised its quarterly dividend to $1.07, resulting in a 5.0% yield and a payout ratio of 78.7%.