Yousif Capital Management LLC Has $7.51 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Yousif Capital Management LLC cut its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,732 shares of the utilities provider's stock after selling 3,896 shares during the period. Yousif Capital Management LLC's holdings in ONEOK were worth $7,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Greenline Partners LLC bought a new stake in shares of ONEOK during the fourth quarter valued at approximately $32,000. Vermillion Wealth Management Inc. bought a new position in shares of ONEOK during the 4th quarter valued at approximately $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of ONEOK in the fourth quarter valued at $39,000. Canton Hathaway LLC bought a new position in ONEOK during the fourth quarter worth about $40,000. Finally, J.Safra Asset Management Corp purchased a new position in ONEOK in the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 69.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stifel Nicolaus decreased their target price on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Barclays lowered their price target on ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a research report on Tuesday, June 3rd. Scotiabank decreased their price target on shares of ONEOK from $96.00 to $93.00 and set a "sector outperform" rating for the company in a research note on Thursday, June 5th. Citigroup lowered their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company lowered their price target on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. 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. Based on data from MarketBeat, ONEOK has a consensus rating of "Moderate Buy" and a consensus price target of $103.69.

ONEOK Stock Performance

NYSE:OKE traded up $0.36 during mid-day trading on Thursday, reaching $83.26. 1,448,055 shares of the stock were exchanged, compared to its average volume of 3,353,576. The stock has a market capitalization of $52.42 billion, a P/E ratio of 17.42, a P/E/G ratio of 3.77 and a beta of 0.94. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The company has a 50 day simple moving average of $82.93 and a 200-day simple moving average of $94.68. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

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 analysts' consensus estimates of $1.28 by ($0.24). The business 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 earnings per share. Analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a dividend of $1.03 per share. The ex-dividend date was Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 4.95%. ONEOK's payout ratio is 80.47%.

About ONEOK

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.