Bokf Na Reduces Stake in ONEOK, Inc. (NYSE:OKE)

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

A number of other institutional investors have also added to or reduced their stakes in OKE. Kieckhefer Group LLC purchased a new position in ONEOK during the fourth quarter worth about $30,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of ONEOK during the fourth quarter worth about $39,000. Canton Hathaway LLC bought a new position in shares of ONEOK in the fourth quarter worth approximately $40,000. J.Safra Asset Management Corp purchased a new stake in ONEOK in the fourth quarter valued at approximately $48,000. Finally, VSM Wealth Advisory LLC bought a new stake in ONEOK during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Up 0.1 %

OKE stock traded up $0.08 during trading on Friday, hitting $82.33. 2,884,754 shares of the stock traded hands, compared to its average volume of 3,248,639. The stock 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 debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The firm's 50 day moving average is $89.10 and its two-hundred day moving average is $98.06.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.24). The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period last year, the business earned $1.09 EPS. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 5.00%. ONEOK's dividend payout ratio (DPR) is presently 80.47%.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of research analyst reports. US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Monday, February 10th. Morgan Stanley lifted their price target on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Barclays decreased their price objective on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Finally, Scotiabank cut their target price on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ONEOK presently 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.