Transcendent Capital Group LLC Has $670,000 Position in ONEOK, Inc. (NYSE:OKE)

Transcendent Capital Group LLC cut its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 40.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,750 shares of the utilities provider's stock after selling 4,594 shares during the period. Transcendent Capital Group LLC's holdings in ONEOK were worth $670,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of OKE. Greenline Partners LLC bought a new stake in ONEOK in the fourth quarter valued at approximately $32,000. First Pacific Financial bought a new position in shares of ONEOK during the first quarter worth approximately $34,000. Vermillion Wealth Management Inc. bought a new position in shares of ONEOK during the fourth quarter worth approximately $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of ONEOK during the fourth quarter worth approximately $39,000. Finally, MorganRosel Wealth Management LLC bought a new position in shares of ONEOK during the first quarter worth approximately $39,000. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Price Performance

OKE opened at $81.38 on Monday. The company has a market capitalization of $51.23 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.55 and a beta of 0.93. The company has a quick ratio of 0.52, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average price of $81.94 and a 200-day moving average price of $90.75. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07.

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 analysts' consensus estimates of $1.28 by ($0.24). ONEOK had a net margin of 12.15% and a return on equity of 15.58%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the business posted $1.09 earnings per share. Equities analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.06%. ONEOK's dividend payout ratio (DPR) is 80.47%.

Wall Street Analyst Weigh In

A number of research firms have commented on OKE. Citigroup lowered their price objective on ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their price objective on ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. TD Cowen assumed coverage on ONEOK in a report on Monday, July 7th. They set a "hold" rating and a $91.00 price objective on the stock. Finally, Barclays cut their target price on ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $103.14.

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.

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