Trajan Wealth LLC Decreases Stake in ONEOK, Inc. (NYSE:OKE)

Trajan Wealth LLC decreased its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,295 shares of the utilities provider's stock after selling 3,814 shares during the quarter. Trajan Wealth LLC's holdings in ONEOK were worth $5,250,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of OKE. Kieckhefer Group LLC bought a new stake in ONEOK in the fourth quarter worth $30,000. Canton Hathaway LLC bought a new stake in shares of ONEOK in the 4th quarter worth about $40,000. J.Safra Asset Management Corp bought a new stake in shares of ONEOK in the 4th quarter worth about $48,000. VSM Wealth Advisory LLC bought a new position in ONEOK during the 4th quarter valued at about $50,000. Finally, OFI Invest Asset Management purchased a new stake in ONEOK in the 4th quarter worth about $51,000. Institutional investors own 69.13% of the company's stock.

ONEOK Stock Up 0.1 %

Shares of NYSE OKE traded up $0.08 during midday trading on Friday, reaching $86.36. 908,083 shares of the company's stock traded hands, compared to its average volume of 3,168,807. The company has a market cap of $53.94 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. 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 stock's 50 day simple moving average is $92.28 and its 200-day simple moving average is $99.04.

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 for the quarter, topping analysts' consensus estimates of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $7 billion during the quarter, compared to analysts' expectations of $6.18 billion. On average, analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.77%. ONEOK's payout ratio is presently 79.69%.

Wall Street Analyst Weigh In

OKE has been the topic of a number of analyst reports. 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 research note on Monday, February 10th. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Citigroup began coverage on shares of ONEOK in a report on Friday, February 28th. They issued a "buy" rating and a $110.00 price target on the stock. Scotiabank reduced their price target on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Morgan Stanley boosted 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. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.42.

ONEOK Company 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.