Capital Analysts LLC Sells 5,008 Shares of ONEOK, Inc. (NYSE:OKE)

Capital Analysts LLC reduced its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,239 shares of the utilities provider's stock after selling 5,008 shares during the period. Capital Analysts LLC's holdings in ONEOK were worth $3,438,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OKE. Kieckhefer Group LLC bought a new position in shares of ONEOK during the 4th quarter worth approximately $30,000. Canton Hathaway LLC bought a new position in shares of ONEOK during the 4th quarter worth approximately $40,000. J.Safra Asset Management Corp bought a new position in shares of ONEOK during the 4th quarter worth approximately $48,000. VSM Wealth Advisory LLC bought a new position in shares of ONEOK during the 4th quarter worth approximately $50,000. Finally, OFI Invest Asset Management bought a new position in shares of ONEOK during the 4th quarter worth approximately $51,000. Institutional investors own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OKE. Wells Fargo & Company dropped their price objective on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Wolfe Research upgraded 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. Citigroup began coverage on ONEOK in a research report on Friday, February 28th. They set a "buy" rating and a $110.00 price target for the company. Scotiabank lowered their price objective on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating on the stock in a research report on Tuesday. Finally, Morgan Stanley lifted their target price on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $106.25.

ONEOK Stock Performance

Shares of OKE traded down $0.06 during trading hours on Tuesday, reaching $87.81. 3,490,347 shares of the company's stock traded hands, compared to its average volume of 3,187,493. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The business's fifty day simple moving average is $91.81 and its two-hundred day simple moving average is $98.99. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The firm has a market capitalization of $54.85 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 3.77 and a beta of 1.20.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter last year, the business posted $1.09 earnings per share. Analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 4.69%. ONEOK's dividend payout ratio (DPR) is currently 79.69%.

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.