TIAA Trust National Association Has $554,000 Holdings in ONEOK, Inc. (NYSE:OKE)

TIAA Trust National Association cut its holdings in ONEOK, Inc. (NYSE:OKE) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,518 shares of the utilities provider’s stock after selling 573 shares during the period. TIAA Trust National Association’s holdings in ONEOK were worth $554,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Kieckhefer Group LLC bought a new stake in shares of ONEOK during the 4th quarter worth about $30,000. Canton Hathaway LLC bought a new stake in ONEOK during the fourth quarter worth approximately $40,000. J.Safra Asset Management Corp acquired a new position in ONEOK during the fourth quarter valued at approximately $48,000. VSM Wealth Advisory LLC bought a new position in shares of ONEOK in the fourth quarter valued at approximately $50,000. Finally, OFI Invest Asset Management acquired a new stake in shares of ONEOK in the fourth quarter worth $51,000. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Down 2.5 %

Shares of OKE stock opened at $98.76 on Friday. ONEOK, Inc. has a one year low of $76.23 and a one year high of $118.07. 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 stock has a fifty day moving average price of $98.53 and a 200 day moving average price of $100.07. The stock has a market cap of $61.66 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.11. The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. Analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $1.03 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.17%. ONEOK’s dividend payout ratio is presently 79.69%.

Wall Street Analyst Weigh In

OKE has been the topic of a number of research analyst reports. Wolfe Research upgraded shares of 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. Wells Fargo & Company lowered their price target on ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Citigroup initiated coverage on ONEOK in a report on Friday, February 28th. They issued a “buy” rating and a $110.00 target price on the stock. Finally, Scotiabank cut their price target on ONEOK from $109.00 to $102.00 and set a “sector outperform” rating for the company in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ONEOK presently has a consensus rating of “Moderate Buy” and an average price target 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.