Brown Advisory Inc. Has $13.75 Million Holdings in ONEOK, Inc. (NYSE:OKE)

Brown Advisory Inc. trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,560 shares of the utilities provider's stock after selling 8,454 shares during the quarter. Brown Advisory Inc.'s holdings in ONEOK were worth $13,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Greenline Partners LLC acquired a new position in shares of ONEOK during the fourth quarter valued at approximately $32,000. First Pacific Financial purchased a new position in shares of ONEOK during the first quarter worth $34,000. Vermillion Wealth Management Inc. acquired a new position in ONEOK during the 4th quarter worth $37,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in ONEOK during the 4th quarter worth about $39,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in ONEOK during the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Price Performance

Shares of OKE traded up $0.47 during mid-day trading on Friday, hitting $81.38. 2,315,889 shares of the company traded hands, compared to its average volume of 3,480,782. The business has a 50-day moving average of $81.94 and a 200 day moving average of $90.82. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The stock has a market capitalization of $51.23 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.55 and a beta of 0.93. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 1.35.

ONEOK (NYSE:OKE - Get Free Report) last issued 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 company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 15.58% and a net margin of 12.15%. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a dividend of $1.03 per share. 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 is 80.47%.

Wall Street Analysts Forecast Growth

Several analysts have commented on OKE shares. Morgan Stanley upped their price objective on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Wells Fargo & Company lowered their target price on ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Barclays cut their target price on ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 3rd. Citigroup cut their price objective on ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. raised their target price on ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ONEOK has an average rating of "Moderate Buy" and an average target price of $103.14.

About ONEOK

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.