WCG Wealth Advisors LLC Grows Stock Position in ONEOK, Inc. (NYSE:OKE)

WCG Wealth Advisors LLC increased its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,655 shares of the utilities provider's stock after purchasing an additional 5,901 shares during the quarter. WCG Wealth Advisors LLC's holdings in ONEOK were worth $4,985,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC raised its stake in ONEOK by 57.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock valued at $1,456,000 after acquiring an additional 5,321 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in ONEOK in the 4th quarter valued at $251,000. Sumitomo Mitsui Trust Group Inc. increased its stake in ONEOK by 9.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock valued at $155,038,000 after buying an additional 136,071 shares during the period. Cinctive Capital Management LP acquired a new position in ONEOK in the 4th quarter valued at $19,909,000. Finally, Americana Partners LLC increased its stake in ONEOK by 258.6% in the 4th quarter. Americana Partners LLC now owns 271,836 shares of the utilities provider's stock valued at $27,292,000 after buying an additional 196,038 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Down 0.6%

OKE stock opened at $81.36 on Friday. The company has a market cap of $50.82 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 3.77 and a beta of 1.01. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The business has a fifty day simple moving average of $87.60 and a 200-day simple moving average of $97.34. ONEOK, Inc. has a 52 week low of $75.48 and a 52 week 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 return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the company earned $1.09 earnings per share. On average, equities research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date was Monday, May 5th. ONEOK's payout ratio is currently 80.47%.

Wall Street Analyst Weigh In

OKE has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Citigroup reduced their target price on ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Barclays reduced their target price on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Finally, Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a report on Monday, February 10th. Six 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $104.69.

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.

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