Bokf Na Sells 48,429 Shares of ONEOK, Inc. (NYSE:OKE)

BOKF NA cut its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,556 shares of the utilities provider's stock after selling 48,429 shares during the period. BOKF NA owned 0.06% of ONEOK worth $35,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Kieckhefer Group LLC acquired a new stake in ONEOK during the 4th quarter worth $30,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of ONEOK during the fourth quarter worth $39,000. Canton Hathaway LLC bought a new stake in ONEOK in the fourth quarter valued at about $40,000. J.Safra Asset Management Corp bought a new position in ONEOK during the fourth quarter worth about $48,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of ONEOK during the 4th quarter worth about $50,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Up 0.1 %

Shares of OKE stock traded up $0.08 during trading on Friday, reaching $82.33. The company's stock had a trading volume of 2,884,754 shares, compared to its average volume of 3,242,426. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The business has a fifty day moving average price of $89.33 and a 200-day moving average price of $98.16. The company has a market cap of $51.43 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

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

ONEOK Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on OKE shares. Citigroup cut their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus lowered their price objective on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Barclays dropped their price objective on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Finally, Morgan Stanley increased their price target on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.