Eagle Global Advisors LLC Sells 177,843 Shares of ONEOK, Inc. (NYSE:OKE)

Eagle Global Advisors LLC reduced its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 39.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267,629 shares of the utilities provider's stock after selling 177,843 shares during the period. ONEOK makes up about 1.1% of Eagle Global Advisors LLC's investment portfolio, making the stock its 21st biggest position. Eagle Global Advisors LLC's holdings in ONEOK were worth $26,870,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. increased its position in shares of ONEOK by 4.1% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider's stock worth $260,000 after purchasing an additional 96 shares in the last quarter. McAdam LLC raised its position in ONEOK by 3.8% in the fourth quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock worth $262,000 after acquiring an additional 96 shares in the last quarter. Alliance Wealth Advisors LLC boosted its holdings in ONEOK by 0.8% during the fourth quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock worth $1,262,000 after buying an additional 100 shares in the last quarter. Mutual Advisors LLC grew its holdings in ONEOK by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider's stock valued at $965,000 after purchasing an additional 103 shares during the last quarter. Finally, Morton Capital Management LLC CA lifted its position in shares of ONEOK by 1.4% in the fourth quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider's stock valued at $734,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Price Performance

Shares of ONEOK stock traded up $2.00 during midday trading on Monday, hitting $84.30. 1,595,698 shares of the company traded hands, compared to its average volume of 3,242,285. The firm's fifty day moving average price is $89.10 and its 200-day moving average price is $98.07. 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, Inc. has a 12 month low of $75.48 and a 12 month high of $118.07. The stock has a market cap of $52.66 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 3.77 and a beta of 1.01.

ONEOK (NYSE:OKE - Get Free Report) last posted 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 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 the consensus estimate of $8.23 billion. During the same period in the prior year, the company posted $1.09 earnings per share. As a group, sell-side analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's dividend payout ratio (DPR) is currently 80.47%.

Analyst Ratings Changes

OKE has been the subject of several recent research reports. Citigroup dropped their price objective 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. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Scotiabank dropped their price objective on shares of ONEOK from $101.00 to $100.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Stifel Nicolaus dropped their price target on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Monday, February 10th. Seven 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.

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.