SG Americas Securities LLC Sells 8,691 Shares of ONEOK, Inc. (NYSE:OKE)

SG Americas Securities LLC decreased its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 47.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,508 shares of the utilities provider's stock after selling 8,691 shares during the quarter. SG Americas Securities LLC's holdings in ONEOK were worth $943,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. 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 stake in shares of ONEOK during the fourth quarter valued at approximately $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of ONEOK during 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. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Trading Up 1.3%

Shares of OKE traded up $1.08 during midday trading on Friday, hitting $82.25. The stock had a trading volume of 7,502,414 shares, compared to its average volume of 3,420,781. The stock's 50 day moving average is $83.00 and its 200 day moving average is $93.42. The firm has a market cap of $51.78 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.59 and a beta of 0.94. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.52. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 12.15% and a return on equity of 15.58%. During the same quarter in the previous year, the company posted $1.09 earnings per share. As a group, analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $1.03 dividend. The ex-dividend date was Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 5.01%. ONEOK's payout ratio is 80.47%.

Analysts Set New Price Targets

OKE has been the topic of several recent analyst reports. Scotiabank reduced their price objective on shares of ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a research report on Thursday, June 5th. Stifel Nicolaus reduced their price objective on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company reduced their price objective on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Citigroup reduced their price objective on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, Morgan Stanley boosted their price target on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Six equities 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 stock. According to data from MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus price target 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.