Chicago Partners Investment Group LLC cut its stake in ONEOK, Inc. (NYSE:OKE – Free Report) by 3.2% in the 1st quarter, Holdings Channel reports. The fund owned 253,322 shares of the utilities provider’s stock after selling 8,316 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in ONEOK were worth $21,801,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT boosted its holdings in shares of ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of ONEOK during the 4th quarter valued at about $29,000. Cornerstone Financial Management LLC bought a new stake in ONEOK in the 4th quarter worth approximately $29,000. SRH Advisors LLC boosted its stake in ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after buying an additional 241 shares in the last quarter. Finally, Portus Wealth Advisors LLC bought a new position in ONEOK during the first quarter valued at approximately $33,000. Institutional investors own 69.13% of the company’s stock.
ONEOK Trading Down 0.0%
Shares of OKE opened at $89.90 on Monday. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The firm’s 50-day moving average price is $88.73 and its 200-day moving average price is $84.71. The firm has a market capitalization of $56.65 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 6.72 and a beta of 0.73.
ONEOK Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on OKE shares. JPMorgan Chase & Co. boosted their price objective on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Morgan Stanley boosted their price target on shares of ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Wells Fargo & Company reduced their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada lifted their price objective on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a report on Thursday, March 19th. Finally, Barclays lowered their target price on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $91.75.
View Our Latest Analysis on OKE
ONEOK Company Profile
ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.
ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.
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