Capital Analysts LLC Sells 5,008 Shares of ONEOK, Inc. (NYSE:OKE)

Capital Analysts LLC trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,239 shares of the utilities provider's stock after selling 5,008 shares during the quarter. Capital Analysts LLC's holdings in ONEOK were worth $3,438,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of OKE. Vanguard Group Inc. increased its position in shares of ONEOK by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,120,264 shares of the utilities provider's stock valued at $7,040,075,000 after purchasing an additional 558,789 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of ONEOK by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider's stock valued at $1,848,844,000 after purchasing an additional 934,007 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of ONEOK by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 14,037,890 shares of the utilities provider's stock worth $1,405,697,000 after acquiring an additional 357,015 shares in the last quarter. Norges Bank purchased a new position in shares of ONEOK during the 4th quarter worth $539,554,000. Finally, Wellington Management Group LLP increased its position in ONEOK by 433.4% during the fourth quarter. Wellington Management Group LLP now owns 4,206,906 shares of the utilities provider's stock worth $422,373,000 after purchasing an additional 3,418,207 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Down 6.6 %

OKE stock traded down $5.76 during trading on Wednesday, reaching $82.10. The company had a trading volume of 5,749,630 shares, compared to its average volume of 3,202,896. ONEOK, Inc. has a 52 week low of $75.48 and a 52 week high of $118.07. The company has a market cap of $51.28 billion, a P/E ratio of 17.18, a PEG ratio of 3.77 and a beta of 1.20. The business has a 50 day moving average of $91.59 and a 200 day moving average of $98.91. 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 (NYSE:OKE - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the business posted $1.09 EPS. As a group, sell-side analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced 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. This represents a $4.12 annualized dividend and a yield of 5.02%. The ex-dividend date is Monday, May 5th. ONEOK's dividend payout ratio is currently 79.69%.

Analysts Set New Price Targets

OKE has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Morgan Stanley raised their target price on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Scotiabank lowered their price target on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a research note on Tuesday. Barclays reduced their price target 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. Finally, Citigroup assumed coverage on shares of ONEOK in a research report on Friday, February 28th. They issued a "buy" rating and a $110.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.25.

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.