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

LBP AM SA cut its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Greenline Partners LLC purchased a new stake in shares of ONEOK during the 4th quarter valued at about $32,000. First Pacific Financial acquired a new stake in shares of ONEOK in the 1st quarter valued at about $34,000. Vermillion Wealth Management Inc. acquired a new position in shares of ONEOK in the 4th quarter worth approximately $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in ONEOK during the fourth quarter valued at $39,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in ONEOK during the first quarter worth about $39,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on OKE. Morgan Stanley raised their price target on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Stifel Nicolaus cut their target price on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Barclays lowered their price target on ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 3rd. Finally, Wells Fargo & Company cut their target price on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $103.14.

ONEOK Price Performance

ONEOK stock traded down $0.58 during mid-day trading on Thursday, reaching $80.58. The company had a trading volume of 958,043 shares, compared to its average volume of 3,457,340. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07. The business has a fifty day simple moving average of $81.97 and a 200 day simple moving average of $91.18. 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 company has a market cap of $50.73 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.60 and a beta of 0.93.

ONEOK (NYSE:OKE - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.24). ONEOK had a return on equity of 15.58% and a net margin of 12.15%. The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the business earned $1.09 EPS. On average, equities research analysts predict 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. Shareholders of record on Monday, May 5th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 5.11%. The ex-dividend date of this dividend was Monday, May 5th. 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.