SeaCrest Wealth Management LLC Has $530,000 Stock Holdings in ONEOK, Inc. (NYSE:OKE)

SeaCrest Wealth Management LLC cut its position in ONEOK, Inc. (NYSE:OKE) by 10.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,500 shares of the utilities provider’s stock after selling 767 shares during the period. SeaCrest Wealth Management LLC’s holdings in ONEOK were worth $530,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. QRG Capital Management Inc. grew its stake in shares of ONEOK by 2.2% in the 2nd quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider’s stock valued at $454,000 after buying an additional 119 shares during the period. Sheets Smith Wealth Management increased its holdings in ONEOK by 0.3% during the first quarter. Sheets Smith Wealth Management now owns 52,199 shares of the utilities provider’s stock worth $4,185,000 after buying an additional 139 shares during the last quarter. Venturi Wealth Management LLC raised its position in ONEOK by 5.3% in the first quarter. Venturi Wealth Management LLC now owns 2,809 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 142 shares during the period. Massmutual Trust Co. FSB ADV raised its position in ONEOK by 4.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 3,199 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 144 shares during the period. Finally, Presima Securities ULC boosted its stake in ONEOK by 1.7% in the fourth quarter. Presima Securities ULC now owns 9,100 shares of the utilities provider’s stock valued at $639,000 after acquiring an additional 150 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Up 0.9 %

Shares of OKE stock traded up $0.75 during midday trading on Wednesday, reaching $87.34. 293,184 shares of the stock were exchanged, compared to its average volume of 2,763,000. The company’s 50 day moving average is $82.70 and its two-hundred day moving average is $79.44. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22. The firm has a market cap of $51.01 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 4.36 and a beta of 1.65. ONEOK, Inc. has a 1 year low of $60.58 and a 1 year high of $88.68.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same quarter in the previous year, the business posted $1.04 EPS. On average, equities research analysts predict that ONEOK, Inc. will post 4.98 EPS for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date was Thursday, August 1st. ONEOK’s payout ratio is 92.09%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OKE shares. StockNews.com raised shares of ONEOK from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Truist Financial boosted their target price on ONEOK from $81.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Morgan Stanley increased their price target on ONEOK from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. boosted their price objective on ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, June 26th. Finally, Tudor Pickering upgraded shares of ONEOK to a “hold” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.50.

ONEOK Company 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.