Texas Yale Capital Corp. Has $12.03 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Texas Yale Capital Corp. trimmed its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,812 shares of the utilities provider's stock after selling 4,372 shares during the quarter. Texas Yale Capital Corp.'s holdings in ONEOK were worth $12,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in ONEOK by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 70,120,264 shares of the utilities provider's stock worth $7,040,075,000 after purchasing an additional 558,789 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of ONEOK by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider's stock worth $1,848,844,000 after buying an additional 934,007 shares during the period. Geode Capital Management LLC grew its holdings in ONEOK by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 14,037,890 shares of the utilities provider's stock worth $1,405,697,000 after buying an additional 357,015 shares in the last quarter. Norges Bank bought a new position in ONEOK in the 4th quarter worth approximately $539,554,000. Finally, Wellington Management Group LLP increased its position in ONEOK by 433.4% in the 4th quarter. Wellington Management Group LLP now owns 4,206,906 shares of the utilities provider's stock valued at $422,373,000 after acquiring an additional 3,418,207 shares during the period. Institutional investors own 69.13% of the company's stock.

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ONEOK Price Performance

Shares of NYSE:OKE traded up $1.20 on Friday, reaching $82.44. 3,777,706 shares of the company traded hands, compared to its average volume of 3,159,477. The stock has a market capitalization of $51.49 billion, a PE ratio of 17.25, a P/E/G ratio of 3.77 and a beta of 1.20. 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 company's 50 day moving average is $94.64 and its 200-day moving average is $99.59. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07.

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

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $1.03 dividend. This is an increase from ONEOK's previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 5.00%. The ex-dividend date was Monday, February 3rd. ONEOK's dividend payout ratio (DPR) is 79.69%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wolfe Research raised ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Monday, February 10th. 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. Morgan Stanley boosted their price target on shares of ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Citigroup assumed coverage on shares of ONEOK in a report on Friday, February 28th. They issued a "buy" rating and a $110.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Seven 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 stock. According to MarketBeat.com, ONEOK currently has an average rating of "Moderate Buy" and a consensus target price of $105.00.

ONEOK 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.