ONEOK, Inc. $OKE Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC reduced its stake in ONEOK, Inc. (NYSE:OKE) by 36.8% in the third quarter, selling 257,057 shares and retaining 440,801 shares valued at approximately $32.17 million. Despite this sale, other major institutional investors like Norges Bank and First Eagle significantly increased their holdings, contributing to a total institutional ownership of 69.13%. ONEOK recently increased its quarterly dividend to $1.07, offering a 5.0% yield, and analysts currently assign the stock a “Hold” rating with an average target price of $85.80.