Alpine Woods Capital Investors LLC Sells 7,774 Shares of ONEOK, Inc. (NYSE:OKE)

Alpine Woods Capital Investors LLC lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 17.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,486 shares of the utilities provider's stock after selling 7,774 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in ONEOK were worth $3,719,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in OKE. Brighton Jones LLC boosted its position in shares of ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider's stock worth $1,534,000 after acquiring an additional 8,834 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of ONEOK during the 4th quarter valued at about $258,000. Assetmark Inc. boosted its holdings in shares of ONEOK by 43.2% during the 4th quarter. Assetmark Inc. now owns 1,806 shares of the utilities provider's stock valued at $181,000 after purchasing an additional 545 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of ONEOK by 1.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 85,970 shares of the utilities provider's stock valued at $8,632,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its holdings in shares of ONEOK by 15.6% in the fourth quarter. Johnson Investment Counsel Inc. now owns 15,659 shares of the utilities provider's stock worth $1,572,000 after purchasing an additional 2,119 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Up 0.6%

NYSE:OKE traded up $0.47 during midday trading on Friday, hitting $81.38. The stock had a trading volume of 2,315,889 shares, compared to its average volume of 3,475,671. The stock has a 50-day moving average of $81.94 and a 200 day moving average of $90.90. The company has a market capitalization of $51.23 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.54 and a beta of 0.93. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

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 the consensus estimate of $1.28 by ($0.24). ONEOK had a return on equity of 15.58% and a net margin of 12.15%. The firm had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. As a group, sell-side analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date was Monday, May 5th. ONEOK's dividend payout ratio (DPR) is presently 80.47%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Scotiabank cut their price target on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating for the company in a report on Thursday, June 5th. Stifel Nicolaus lowered their target price on ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Barclays reduced their price target on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. lifted their price objective on shares of ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Finally, TD Cowen initiated coverage on shares of ONEOK in a research report on Monday, July 7th. They set a "hold" rating and a $91.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $103.14.

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.