Thompson Siegel & Walmsley LLC Sells 20,650 Shares of ONEOK, Inc. (NYSE:OKE)

Thompson Siegel & Walmsley LLC cut its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 32.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,050 shares of the utilities provider's stock after selling 20,650 shares during the period. Thompson Siegel & Walmsley LLC's holdings in ONEOK were worth $3,023,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of OKE. Strs Ohio acquired a new stake in ONEOK during the third quarter worth approximately $1,374,000. Park Avenue Securities LLC bought a new position in shares of ONEOK during the third quarter worth approximately $365,000. Graypoint LLC bought a new position in shares of ONEOK during the third quarter worth approximately $200,000. Oregon Public Employees Retirement Fund increased its holdings in shares of ONEOK by 29.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 45,015 shares of the utilities provider's stock worth $2,855,000 after purchasing an additional 10,200 shares during the period. Finally, Whittier Trust Co. increased its holdings in shares of ONEOK by 111.6% during the third quarter. Whittier Trust Co. now owns 9,565 shares of the utilities provider's stock worth $607,000 after purchasing an additional 5,044 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ONEOK

In related news, Director Wayne Thomas Smith purchased 2,700 shares of the firm's stock in a transaction on Friday, March 1st. The stock was purchased at an average cost of $75.25 per share, with a total value of $203,175.00. Following the completion of the purchase, the director now owns 2,700 shares in the company, valued at approximately $203,175. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

ONEOK Trading Up 0.0 %

Shares of NYSE:OKE traded up $0.04 during mid-day trading on Friday, reaching $80.07. 1,695,352 shares of the company's stock were exchanged, compared to its average volume of 2,692,412. The firm has a market capitalization of $46.73 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 4.29 and a beta of 1.64. The business's fifty day moving average price is $78.81 and its 200-day moving average price is $72.37. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.48 and a current ratio of 0.70. ONEOK, Inc. has a twelve month low of $55.91 and a twelve month high of $81.81.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.03. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $5.84 billion. ONEOK had a net margin of 12.54% and a return on equity of 15.94%. During the same quarter in the previous year, the business earned $2.34 earnings per share. On average, research analysts predict that ONEOK, Inc. will post 4.94 EPS for the current fiscal year.

ONEOK announced that its board has authorized a stock repurchase plan on Wednesday, January 17th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the utilities provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.99 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $3.96 annualized dividend and a yield of 4.95%. ONEOK's payout ratio is 92.09%.

Wall Street Analysts Forecast Growth

OKE has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of ONEOK from $81.00 to $85.00 and gave the stock an "overweight" rating in a report on Thursday, May 2nd. Citigroup lifted their price objective on shares of ONEOK from $73.00 to $83.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Barclays lifted their price objective on shares of ONEOK from $73.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, March 7th. Mizuho lifted their price objective on shares of ONEOK from $75.00 to $81.00 and gave the company a "neutral" rating in a research note on Wednesday, March 20th. Finally, Morgan Stanley lifted their price objective on shares of ONEOK from $84.00 to $85.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, ONEOK has a consensus rating of "Hold" and a consensus target price of $83.58.

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.