Sprinkle Financial Consultants LLC Has $11.64 Million Stock Position in ONEOK, Inc. (NYSE:OKE)

Sprinkle Financial Consultants LLC grew its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 29.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,330 shares of the utilities provider's stock after purchasing an additional 26,914 shares during the period. ONEOK comprises about 7.4% of Sprinkle Financial Consultants LLC's holdings, making the stock its 2nd biggest holding. Sprinkle Financial Consultants LLC's holdings in ONEOK were worth $11,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. L.M. Kohn & Company boosted its holdings in shares of ONEOK by 4.5% during the fourth quarter. L.M. Kohn & Company now owns 2,460 shares of the utilities provider's stock worth $247,000 after purchasing an additional 105 shares during the period. Mindset Wealth Management LLC boosted its holdings in ONEOK by 0.7% during the fourth quarter. Mindset Wealth Management LLC now owns 16,114 shares of the utilities provider's stock valued at $1,618,000 after acquiring an additional 106 shares during the period. Marcum Wealth LLC increased its position in ONEOK by 1.1% during the first quarter. Marcum Wealth LLC now owns 10,250 shares of the utilities provider's stock worth $1,017,000 after acquiring an additional 108 shares during the period. 1620 Investment Advisors Inc. raised its holdings in ONEOK by 1.9% in the 4th quarter. 1620 Investment Advisors Inc. now owns 5,880 shares of the utilities provider's stock valued at $590,000 after acquiring an additional 112 shares in the last quarter. Finally, West Paces Advisors Inc. boosted its stake in ONEOK by 4.7% during the fourth quarter. West Paces Advisors Inc. now owns 2,527 shares of the utilities provider's stock worth $254,000 after buying an additional 114 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Down 0.4%

Shares of ONEOK stock traded down $0.29 on Thursday, hitting $81.07. The stock had a trading volume of 3,660,282 shares, compared to its average volume of 3,402,530. The stock has a 50 day moving average of $83.00 and a 200 day moving average of $93.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.52 and a current ratio of 0.67. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The firm has a market capitalization of $51.04 billion, a P/E ratio of 15.83, a PEG ratio of 1.60 and a beta of 0.94.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $8.23 billion. During the same quarter last year, the company earned $1.09 earnings per share. Sell-side analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared 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 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 dividend payout ratio (DPR) is currently 80.47%.

Analyst Ratings Changes

OKE has been the topic of several recent analyst reports. 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. Stifel Nicolaus reduced their target price 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. Barclays lowered their price objective 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. Morgan Stanley upped their target price 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. Finally, Scotiabank reduced their target price on ONEOK from $96.00 to $93.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 5th. Six equities research 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 company's stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.69.

ONEOK 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.