ONEOK, Inc. (NYSE:OKE) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 11.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 288,506 shares of the utilities provider's stock after selling 38,915 shares during the period. Voya Investment Management LLC's holdings in ONEOK were worth $28,966,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Morse Asset Management Inc bought a new position in ONEOK in the 3rd quarter worth about $346,000. Barclays PLC grew its stake in ONEOK by 16.1% in the third quarter. Barclays PLC now owns 1,888,864 shares of the utilities provider's stock worth $172,131,000 after purchasing an additional 262,486 shares in the last quarter. Virtu Financial LLC purchased a new position in ONEOK during the 3rd quarter worth $2,258,000. Fulcrum Equity Management raised its position in ONEOK by 1.1% during the 3rd quarter. Fulcrum Equity Management now owns 46,681 shares of the utilities provider's stock valued at $4,254,000 after purchasing an additional 526 shares in the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of ONEOK by 154.1% in the 3rd quarter. World Investment Advisors LLC now owns 10,522 shares of the utilities provider's stock worth $959,000 after buying an additional 6,381 shares during the period. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Performance

NYSE OKE traded down $1.25 on Thursday, hitting $80.91. 5,265,964 shares of the company's stock traded hands, compared to its average volume of 3,207,346. The firm's 50-day moving average price is $91.28 and its two-hundred day moving average price is $98.80. The firm has a market capitalization of $50.54 billion, a PE ratio of 16.93, a P/E/G ratio of 3.77 and a beta of 1.20. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 1-year low of $75.48 and a 1-year high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.24). The business had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $8.23 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the previous year, the company posted $1.09 earnings per share. As a group, analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Monday, May 5th. ONEOK's dividend payout ratio is currently 79.69%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective for the company in a research note on Monday, February 10th. Scotiabank cut 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. Morgan Stanley upped their target price on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a report on Tuesday, March 25th. Citigroup initiated coverage on ONEOK in a report on Friday, February 28th. They issued a "buy" rating and a $110.00 price target on the stock. Finally, Wells Fargo & Company decreased their price objective on ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday. Seven equities research 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's stock. Based on data from MarketBeat, ONEOK has an average rating of "Moderate Buy" and an average price target of $105.62.

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.