ONEOK, Inc. (NYSE:OKE) Holdings Cut by EP Wealth Advisors LLC

EP Wealth Advisors LLC cut its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 33.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,116 shares of the utilities provider's stock after selling 7,743 shares during the quarter. EP Wealth Advisors LLC's holdings in ONEOK were worth $1,518,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Kieckhefer Group LLC bought a new position in ONEOK during the 4th quarter worth $30,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of ONEOK in the 4th quarter worth about $39,000. Canton Hathaway LLC acquired a new stake in shares of ONEOK in the 4th quarter worth about $40,000. J.Safra Asset Management Corp acquired a new position in ONEOK during the 4th quarter valued at about $48,000. Finally, VSM Wealth Advisory LLC bought a new position in ONEOK in the 4th quarter worth about $50,000. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Up 0.1 %

ONEOK stock opened at $82.33 on Friday. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The firm's 50 day moving average price is $89.10 and its two-hundred day moving average price is $98.05. The firm has a market cap of $51.43 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK (NYSE:OKE - Get Free Report) last announced its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (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 company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the firm earned $1.09 earnings per share. On average, research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's dividend payout ratio (DPR) is currently 80.47%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Barclays reduced their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Citigroup cut their price objective on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research note on Tuesday. Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Monday, February 10th. Finally, Morgan Stanley boosted their price target on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and a consensus price target of $105.00.

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.

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