Axa S.A. Sells 57,831 Shares of ONEOK, Inc. (NYSE:OKE)

AXA S.A. lowered its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 35.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,610 shares of the utilities provider's stock after selling 57,831 shares during the quarter. AXA S.A.'s holdings in ONEOK were worth $10,503,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. FNY Investment Advisers LLC increased its holdings in shares of ONEOK by 14,279.1% in the 4th quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock valued at $2,208,000 after purchasing an additional 21,847 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of ONEOK by 57.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock worth $1,456,000 after acquiring an additional 5,321 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in ONEOK during the fourth quarter valued at approximately $251,000. Sumitomo Mitsui Trust Group Inc. lifted its position in ONEOK by 9.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock valued at $155,038,000 after buying an additional 136,071 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in ONEOK during the fourth quarter valued at approximately $9,483,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Trading Up 0.1%

OKE stock traded up $0.08 during mid-day trading on Friday, reaching $82.33. 2,884,754 shares of the stock traded hands, compared to its average volume of 3,248,639. The company has a market cap of $51.43 billion, a P/E ratio of 17.22, a P/E/G ratio of 3.77 and a beta of 1.01. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock's fifty day moving average is $89.10 and its 200-day moving average is $98.07.

ONEOK (NYSE:OKE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.24). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the company earned $1.09 EPS. As a group, sell-side analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $1.03 dividend. The ex-dividend date is Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 5.00%. ONEOK's dividend payout ratio is currently 80.47%.

Analyst Ratings Changes

OKE has been the topic of a number of recent research reports. Barclays reduced their target price on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Citigroup lowered their target price on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their target price on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Morgan Stanley upped their price target on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Finally, Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $105.00.

ONEOK Company Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.