ONEOK, Inc. (NYSE:OKE) Shares Sold by Yaupon Capital Management LP

Yaupon Capital Management LP trimmed its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 54.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,470 shares of the utilities provider's stock after selling 271,454 shares during the period. ONEOK accounts for 0.9% of Yaupon Capital Management LP's holdings, making the stock its 29th biggest position. Yaupon Capital Management LP's holdings in ONEOK were worth $22,537,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays dropped their target price on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Wells Fargo & Company cut their target price on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Citigroup started coverage on shares of ONEOK in a research report on Friday, February 28th. They issued a "buy" rating and a $110.00 price target for the company. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Finally, Scotiabank cut their target price 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. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and an average price target of $106.42.

ONEOK Stock Up 0.1 %

Shares of ONEOK stock traded up $0.10 during trading hours on Friday, hitting $86.38. The company had a trading volume of 1,831,798 shares, compared to its average volume of 3,176,696. 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 $92.28 and its two-hundred day moving average is $99.04. The company 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. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. Analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share 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 issued a $1.03 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 4.77%. ONEOK's dividend payout ratio is currently 79.69%.

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.