Lbp Am Sa Sells 7,323 Shares of ONEOK, Inc. (NYSE:OKE)

LBP AM SA trimmed its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,726 shares of the utilities provider's stock after selling 7,323 shares during the period. LBP AM SA's holdings in ONEOK were worth $18,825,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Mindset Wealth Management LLC lifted its position in shares of ONEOK by 0.7% in the fourth quarter. Mindset Wealth Management LLC now owns 16,114 shares of the utilities provider's stock valued at $1,618,000 after buying an additional 106 shares during the last quarter. Marcum Wealth LLC lifted its position in shares of ONEOK by 1.1% in the first quarter. Marcum Wealth LLC now owns 10,250 shares of the utilities provider's stock valued at $1,017,000 after buying an additional 108 shares during the last quarter. 1620 Investment Advisors Inc. lifted its position in shares of ONEOK by 1.9% in the fourth quarter. 1620 Investment Advisors Inc. now owns 5,880 shares of the utilities provider's stock valued at $590,000 after buying an additional 112 shares during the last quarter. West Paces Advisors Inc. lifted its position in shares of ONEOK by 4.7% in the fourth quarter. West Paces Advisors Inc. now owns 2,527 shares of the utilities provider's stock valued at $254,000 after buying an additional 114 shares during the last quarter. Finally, Morey & Quinn Wealth Partners LLC lifted its position in shares of ONEOK by 0.8% in the first quarter. Morey & Quinn Wealth Partners LLC now owns 15,722 shares of the utilities provider's stock valued at $1,560,000 after buying an additional 130 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Down 0.6%

OKE stock traded down $0.47 during trading on Wednesday, reaching $81.13. 3,242,444 shares of the stock were exchanged, compared to its average volume of 3,459,661. The firm's 50 day moving average is $81.99 and its 200 day moving average is $91.25. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month 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 firm has a market cap of $51.07 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.57 and a beta of 0.93.

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

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 5.08%. ONEOK's payout ratio is 80.47%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Scotiabank lowered their target price 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. Citigroup decreased their price target on ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Morgan Stanley lifted their price target on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Wells Fargo & Company decreased their price target on ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Finally, Barclays decreased their price target on ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a research note on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $103.14.

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.