Olistico Wealth LLC decreased its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,537 shares of the utilities provider's stock after selling 4,135 shares during the period. ONEOK accounts for approximately 2.4% of Olistico Wealth LLC's holdings, making the stock its 10th biggest holding. Olistico Wealth LLC's holdings in ONEOK were worth $3,797,000 as of its most recent SEC filing.
Other institutional investors and hedge funds 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 $32,000. First Pacific Financial acquired a new position in shares of ONEOK during the first quarter valued at $34,000. Vermillion Wealth Management Inc. acquired a new position in shares of ONEOK during the fourth quarter valued at $37,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of ONEOK during the fourth quarter valued at $39,000. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of ONEOK during the first quarter valued at $39,000. Institutional investors and hedge funds own 69.13% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on OKE. Scotiabank cut their price target on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a research note on Thursday, June 5th. JPMorgan Chase & Co. upped their price objective on ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Stifel Nicolaus dropped their price objective on ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wells Fargo & Company dropped their price objective 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 increased 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. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.14.
Get Our Latest Analysis on ONEOK
ONEOK Stock Up 1.7%
NYSE OKE traded up $1.40 during trading hours on Tuesday, hitting $81.57. 1,234,277 shares of the company traded hands, compared to its average volume of 3,440,842. The business's 50-day moving average is $82.11 and its 200-day moving average is $91.32. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 0.67. The stock has a market capitalization of $51.35 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.61 and a beta of 0.93.
ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly 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 company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the company posted $1.09 earnings per share. Sell-side analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.
ONEOK Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $1.03 dividend. The ex-dividend date was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.05%. ONEOK's payout ratio is 80.47%.
ONEOK Company Profile
(
Free Report)
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.
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