ONEOK, Inc. (NYSE:OKE) Holdings Lowered by Ibex Wealth Advisors

Ibex Wealth Advisors trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 2.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 175,915 shares of the utilities provider's stock after selling 3,512 shares during the period. ONEOK makes up 2.3% of Ibex Wealth Advisors' investment portfolio, making the stock its 6th largest holding. Ibex Wealth Advisors' holdings in ONEOK were worth $17,454,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Greenline Partners LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at about $32,000. Vermillion Wealth Management Inc. bought a new position in ONEOK in the fourth quarter worth approximately $37,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in ONEOK in the fourth quarter valued at approximately $39,000. Canton Hathaway LLC bought a new stake in shares of ONEOK during the fourth quarter valued at approximately $40,000. Finally, J.Safra Asset Management Corp bought a new stake in shares of ONEOK during the fourth quarter valued at approximately $48,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Performance

ONEOK stock traded up $0.57 during mid-day trading on Tuesday, reaching $81.69. 3,525,575 shares of the company's stock were exchanged, compared to its average volume of 3,348,097. The firm has a market capitalization of $51.43 billion, a PE ratio of 17.09, a P/E/G ratio of 3.77 and a beta of 0.94. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The business's fifty day simple moving average is $83.11 and its 200 day simple moving average is $94.85. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results 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 business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, sell-side analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders 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 dividend yield of 5.04%. The ex-dividend date was Monday, May 5th. ONEOK's dividend payout ratio is currently 80.47%.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of recent research reports. Wolfe Research upgraded ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Monday, February 10th. Wells Fargo & Company reduced their price objective on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Stifel Nicolaus decreased their target price on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Barclays dropped their price target on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 3rd. Finally, Scotiabank cut their price target on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 5th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $103.69.

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.