ONEOK, Inc. (NYSE:OKE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 7.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 470,587 shares of the utilities provider's stock after selling 38,729 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of ONEOK worth $46,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Greenline Partners LLC acquired a new position in ONEOK in the 4th quarter valued at $32,000. First Pacific Financial acquired a new position in ONEOK in the 1st quarter valued at $34,000. Vermillion Wealth Management Inc. acquired a new position in ONEOK in the 4th quarter valued at $37,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in ONEOK in the 4th quarter valued at $39,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in ONEOK in the 1st quarter valued at $39,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

OKE has been the subject of several analyst reports. Barclays dropped their target price on ONEOK from $101.00 to $91.00 and set an "equal weight" rating for the company in a report on Tuesday, June 3rd. JPMorgan Chase & Co. boosted their price objective on shares of ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. 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 report on Tuesday, March 25th. 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 report on Tuesday, May 6th. Finally, TD Cowen began coverage on shares of ONEOK in a report on Monday, July 7th. They issued a "hold" rating and a $91.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $103.53.

ONEOK Price Performance

OKE traded up $0.06 during trading on Tuesday, reaching $80.44. 1,447,263 shares of the stock were exchanged, compared to its average volume of 3,485,068. 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. The business's 50 day moving average price is $81.97 and its two-hundred day moving average price is $90.06. The company has a market capitalization of $50.64 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.94 and a beta of 0.93.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a net margin of 12.15% and a return on equity of 15.58%. The company had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $8.23 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Friday, August 1st will be paid a $1.03 dividend. The ex-dividend date is Friday, August 1st. This represents a $4.12 annualized dividend and a yield of 5.12%. ONEOK's payout ratio is currently 80.47%.

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.