Oak Thistle LLC Sells 5,136 Shares of ONEOK, Inc. (NYSE:OKE)

Oak Thistle LLC lowered its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 47.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,786 shares of the utilities provider's stock after selling 5,136 shares during the period. Oak Thistle LLC's holdings in ONEOK were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in OKE. Greenline Partners LLC acquired a new stake in ONEOK during the fourth quarter worth approximately $32,000. First Pacific Financial acquired a new stake in ONEOK during the first quarter worth approximately $34,000. Vermillion Wealth Management Inc. acquired a new stake in ONEOK during the fourth quarter worth approximately $37,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in ONEOK during the fourth quarter worth approximately $39,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in ONEOK during the first quarter worth approximately $39,000. Institutional investors own 69.13% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OKE. JPMorgan Chase & Co. raised their target price on ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. 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. Raymond James Financial reduced their target price on ONEOK from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Tuesday, July 22nd. Stifel Nicolaus dropped their price target on ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Scotiabank set a $92.00 price target on ONEOK and gave the company a "sector outperform" rating in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.86.

ONEOK Trading Up 0.1%

NYSE:OKE traded up $0.08 during trading hours on Monday, hitting $81.62. 688,712 shares of the company were exchanged, compared to its average volume of 3,958,698. The company has a fifty day simple moving average of $81.50 and a 200 day simple moving average of $89.33. ONEOK, Inc. has a one year low of $75.47 and a one year high of $118.07. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $51.38 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the business posted $1.09 earnings per share. Sell-side analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, August 1st will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Friday, August 1st. ONEOK's dividend payout ratio (DPR) is presently 80.47%.

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.