ONEOK, Inc. (NYSE:OKE) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in ONEOK, Inc. (NYSE:OKE) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,732 shares of the utilities provider’s stock after selling 3,896 shares during the quarter. Yousif Capital Management LLC’s holdings in ONEOK were worth $7,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OKE. Greenline Partners LLC acquired a new position in shares of ONEOK in the 4th quarter valued at about $32,000. Vermillion Wealth Management Inc. acquired a new position in shares of ONEOK in the 4th quarter valued at about $37,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of ONEOK in the 4th quarter valued at about $39,000. Canton Hathaway LLC acquired a new position in shares of ONEOK in the 4th quarter valued at about $40,000. Finally, J.Safra Asset Management Corp purchased a new position in shares of ONEOK in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wells Fargo & Company cut their price target on ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Barclays cut their price target on ONEOK from $101.00 to $91.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 3rd. Citigroup cut their price target on ONEOK from $110.00 to $102.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Morgan Stanley lifted their price target on ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a research note on Tuesday, March 25th. Finally, Scotiabank cut their price target on ONEOK from $96.00 to $93.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 5th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.69.

ONEOK Price Performance

OKE stock opened at $81.69 on Wednesday. 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 business has a 50 day simple moving average of $82.88 and a 200-day simple moving average of $94.76. The firm has a market capitalization of $51.43 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 3.77 and a beta of 0.94. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.24). The company 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 quarter last year, the company earned $1.09 earnings per share. Equities research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Monday, May 5th. ONEOK’s dividend payout ratio is presently 80.47%.

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.