ONEOK, Inc. (NYSE:OKE) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 17.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 157,541 shares of the utilities provider's stock after selling 32,821 shares during the period. Janney Montgomery Scott LLC's holdings in ONEOK were worth $15,631,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenline Partners LLC bought a new position in ONEOK during the 4th quarter worth approximately $32,000. Vermillion Wealth Management Inc. bought a new position in ONEOK during the 4th quarter worth approximately $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in ONEOK during the 4th quarter worth approximately $39,000. Canton Hathaway LLC bought a new position in ONEOK during the 4th quarter worth approximately $40,000. Finally, J.Safra Asset Management Corp bought a new position in ONEOK during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Performance

Shares of NYSE OKE traded up $1.08 during mid-day trading on Friday, hitting $82.25. The company had a trading volume of 7,502,414 shares, compared to its average volume of 3,420,781. The stock has a market cap of $51.78 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.59 and a beta of 0.94. ONEOK, Inc. has a 12 month low of $75.48 and a 12 month high of $118.07. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.52. The firm's 50 day simple moving average is $83.00 and its two-hundred day simple moving average is $93.42.

ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a net margin of 12.15% and a return on equity of 15.58%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK's dividend payout ratio is currently 80.47%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citigroup reduced their target price on ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Barclays reduced their target price on ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 3rd. Scotiabank reduced their target price on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 5th. Wells Fargo & Company reduced 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. Finally, Stifel Nicolaus cut their price target on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $103.69.

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.