ONEOK, Inc. (NYSE:OKE) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC cut its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 66.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,670 shares of the utilities provider's stock after selling 7,274 shares during the period. Western Wealth Management LLC's holdings in ONEOK were worth $368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Greenline Partners LLC acquired a new stake in shares of ONEOK in the fourth quarter valued at $32,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of ONEOK during the fourth quarter worth about $39,000. Canton Hathaway LLC purchased a new stake in shares of ONEOK during the fourth quarter worth approximately $40,000. J.Safra Asset Management Corp acquired a new stake in ONEOK in the fourth quarter valued at approximately $48,000. Finally, VSM Wealth Advisory LLC purchased a new stake in shares of ONEOK in the 4th quarter valued at approximately $50,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Price Performance

Shares of OKE traded up $0.55 during mid-day trading on Tuesday, reaching $81.69. 3,063,847 shares of the company's stock were exchanged, compared to its average volume of 3,281,583. 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 company has a market cap of $51.03 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 3.77 and a beta of 1.01. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. The company has a 50-day simple moving average of $86.88 and a two-hundred day simple moving average of $96.96.

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 analysts' consensus estimates of $1.28 by ($0.24). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the firm earned $1.09 EPS. On average, sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued 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 5.04%. ONEOK's dividend payout ratio (DPR) is presently 80.47%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OKE. Barclays decreased their price objective on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Wells Fargo & Company dropped their price target on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Scotiabank cut their price objective on shares of ONEOK from $100.00 to $96.00 and set a "sector outperform" rating on the stock in a report on Tuesday, May 20th. Stifel Nicolaus cut their price target on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup reduced their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Six 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. Based on data from MarketBeat, ONEOK currently has a consensus rating of "Moderate Buy" and a consensus 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.