ONEOK, Inc. (NYSE:OKE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 92.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,199 shares of the utilities provider’s stock after selling 213,576 shares during the period. SG Americas Securities LLC’s holdings in ONEOK were worth $1,827,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kieckhefer Group LLC acquired a new position in shares of ONEOK during the 4th quarter worth approximately $30,000. Matrix Trust Co acquired a new position in shares of ONEOK during the 3rd quarter worth approximately $29,000. Access Investment Management LLC acquired a new position in shares of ONEOK during the 3rd quarter worth approximately $37,000. Values First Advisors Inc. acquired a new position in shares of ONEOK during the 3rd quarter worth approximately $44,000. Finally, Fortitude Family Office LLC raised its stake in shares of ONEOK by 37.4% during the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after buying an additional 135 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Performance

NYSE OKE opened at $104.42 on Monday. The stock has a market cap of $61.00 billion, a PE ratio of 21.84, a P/E/G ratio of 4.03 and a beta of 1.70. 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 twelve month low of $67.05 and a twelve month high of $118.07. The stock has a fifty day simple moving average of $106.00 and a 200-day simple moving average of $96.59.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the prior year, the company posted $0.99 earnings per share. Equities analysts anticipate that ONEOK, Inc. will post 5.1 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $1.03 dividend. The ex-dividend date is Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 3.95%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is currently 86.19%.

Analysts Set New Price Targets

OKE has been the subject of several research reports. Scotiabank initiated coverage on ONEOK in a research report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target for the company. US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Mizuho upgraded ONEOK to a “hold” rating in a research report on Thursday, November 7th. Barclays boosted their price target on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada boosted their price target on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.92.

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.