GTS Securities LLC Has $595,000 Stock Holdings in ONEOK, Inc. (NYSE:OKE)

GTS Securities LLC lowered its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 73.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,927 shares of the utilities provider's stock after selling 16,580 shares during the quarter. GTS Securities LLC's holdings in ONEOK were worth $595,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kingswood Wealth Advisors LLC grew its holdings in shares of ONEOK by 57.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock worth $1,456,000 after purchasing an additional 5,321 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of ONEOK by 9.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock worth $155,038,000 after purchasing an additional 136,071 shares during the period. Cinctive Capital Management LP purchased a new stake in shares of ONEOK during the 4th quarter worth about $19,909,000. Americana Partners LLC grew its holdings in shares of ONEOK by 258.6% during the 4th quarter. Americana Partners LLC now owns 271,836 shares of the utilities provider's stock worth $27,292,000 after purchasing an additional 196,038 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new stake in shares of ONEOK during the 4th quarter worth about $34,360,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Performance

Shares of OKE stock traded down $0.00 on Thursday, hitting $80.59. 3,399,058 shares of the stock traded hands, compared to its average volume of 3,285,295. ONEOK, Inc. has a 1-year low of $75.48 and a 1-year high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The company's fifty day moving average is $86.12 and its 200 day moving average is $96.74. The company has a market capitalization of $50.34 billion, a PE ratio of 16.86, a PEG ratio of 3.77 and a beta of 1.01.

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 16.84% and a net margin of 14.05%. The company had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the business earned $1.09 earnings per share. On average, equities research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's dividend payout ratio is presently 80.47%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Scotiabank decreased their target price on ONEOK from $100.00 to $96.00 and set a "sector outperform" rating for the company in a report on Tuesday, May 20th. Stifel Nicolaus decreased their price target on ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Barclays decreased their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Wells Fargo & Company decreased their price target on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Finally, Morgan Stanley upped 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. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ONEOK has a consensus rating of "Moderate Buy" and a consensus target price of $104.69.

ONEOK 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.