5 Best Dividend Stocks to Buy in August

4. ONEOK, Inc. (NYSE: OKE)

Number of Hedge Fund Holders: 20
Dividend Yield: 7.3%

ONEOK, Inc. (NYSE: OKE) is a natural gas liquids company and a diversified Fortune 500 corporation. The company owns natural gas liquids systems and ranks 4th on our list of the best dividend stocks to buy in August.

Timm Schneider, an analyst at Citigroup, raised his price target on ONEOK, Inc. (NYSE: OKE) shares this June from $49 to $57. The analyst also holds a Neutral rating on shares of ONEOK, Inc. (NYSE: OKE).

In the second quarter of 2021, ONEOK, Inc. (NYSE: OKE) had an EPS of $0.77, beating estimates by $0.02. ONEOK, Inc. (NYSE: OKE) has also gained 21.9% in the past 6 months and 38.03% year to date.

By the end of the first quarter of 2021, 20 hedge funds out of the 866 tracked by Insider Monkey held stakes in ONEOK, Inc. (NYSE: OKE) worth roughly $67.3 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $105 million.