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Aberdeen Group plc Acquires 301,654 Shares of ONEOK, Inc. $OKE
Aberdeen Group plc significantly increased its stake in ONEOK, Inc. (NYSE:OKE) by 46% in the fourth quarter, acquiring an additional 301,654 shares and now holding 957,663 shares valued at approximately $70.4 million. ONEOK reported stronger-than-expected Q4 earnings and revenue, and also raised its quarterly dividend to $1.07 per share, representing a 4.8% yield. The company has a “Moderate Buy” consensus rating from analysts, with various firms adjusting price targets and ratings recently.