ONEOK, Inc. (NYSE:OKE) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 14.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 327,240 shares of the utilities provider's stock after selling 54,000 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of ONEOK worth $32,855,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kieckhefer Group LLC purchased a new stake in ONEOK during the 4th quarter worth approximately $30,000. Canton Hathaway LLC acquired a new position in shares of ONEOK in the fourth quarter worth $40,000. J.Safra Asset Management Corp purchased a new stake in shares of ONEOK during the fourth quarter worth $48,000. VSM Wealth Advisory LLC acquired a new position in ONEOK during the 4th quarter worth $50,000. Finally, OFI Invest Asset Management acquired a new position in ONEOK during the 4th quarter worth $51,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

OKE has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Morgan Stanley increased their price objective on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Monday, February 10th. Scotiabank decreased their price target on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a report on Thursday, March 6th. Finally, US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, ONEOK presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.42.

ONEOK Stock Performance

NYSE OKE traded up $0.10 on Friday, reaching $86.38. The stock had a trading volume of 1,831,798 shares, compared to its average volume of 3,176,697. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market cap of $53.95 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. The business's 50-day moving average price is $92.03 and its 200 day moving average price is $98.99. ONEOK, Inc. has a 12-month low of $75.48 and a 12-month high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.11. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. As a group, equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 4.77%. The ex-dividend date is Monday, May 5th. ONEOK's dividend payout ratio is presently 79.69%.

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.