MGO One Seven LLC Sells 511 Shares of ONEOK, Inc. (NYSE:OKE)

MGO One Seven LLC decreased its position in ONEOK, Inc. (NYSE:OKE) by 7.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,431 shares of the utilities provider’s stock after selling 511 shares during the quarter. MGO One Seven LLC’s holdings in ONEOK were worth $646,000 at the end of the most recent reporting period.

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

ONEOK Stock Up 0.1 %

Shares of ONEOK stock opened at $86.38 on Friday. ONEOK, Inc. has a 12 month low of $75.48 and a 12 month high of $118.07. The business has a fifty day simple moving average of $92.03 and a 200 day simple moving average of $99.02. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The stock has a market cap of $53.95 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20.

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

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a dividend of $1.03 per share. The ex-dividend date is Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.77%. ONEOK’s dividend payout ratio is 79.69%.

Analyst Ratings Changes

A number of analysts have recently weighed in on OKE shares. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Scotiabank lowered their price objective on shares of ONEOK from $109.00 to $102.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company reduced 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 report on Wednesday, February 26th. Morgan Stanley raised their price target on shares of ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Finally, Barclays reduced their price objective on ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.42.

About ONEOK

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.