Toronto Dominion Bank Sells 16,816 Shares of ONEOK, Inc. (NYSE:OKE)

Toronto Dominion Bank lessened its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 293,279 shares of the utilities provider's stock after selling 16,816 shares during the period. Toronto Dominion Bank owned approximately 0.05% of ONEOK worth $29,445,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OKE. Greenline Partners LLC acquired a new stake in ONEOK during the 4th quarter worth $32,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of ONEOK in the fourth quarter worth about $39,000. Canton Hathaway LLC acquired a new stake in shares of ONEOK during the fourth quarter worth about $40,000. J.Safra Asset Management Corp bought a new position in shares of ONEOK during the 4th quarter valued at about $48,000. Finally, VSM Wealth Advisory LLC acquired a new position in shares of ONEOK in the 4th quarter valued at approximately $50,000. 69.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on OKE. Wolfe Research upgraded shares of 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. Citigroup dropped their price objective on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Morgan Stanley boosted their price objective on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Stifel Nicolaus lowered their target price on ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Barclays dropped their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, March 7th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ONEOK has an average rating of "Moderate Buy" and an average target price of $104.69.

ONEOK Stock Down 0.0%

OKE stock traded down $0.00 during mid-day trading on Thursday, reaching $80.59. The company had a trading volume of 3,399,058 shares, compared to its average volume of 3,285,295. The company has a market capitalization of $50.34 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 3.77 and a beta of 1.01. ONEOK, Inc. has a 52 week low of $75.48 and a 52 week high of $118.07. The stock has a 50 day simple moving average of $86.12 and a two-hundred day simple moving average of $96.74. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK (NYSE:OKE - Get Free Report) last released 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 analyst estimates of $8.23 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the previous year, the company posted $1.09 EPS. As a group, equities analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company 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. This represents a $4.12 dividend on an annualized basis and a dividend 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.