ONEOK, Inc. (NYSE:OKE) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC cut its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 13.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,194 shares of the utilities provider’s stock after selling 632 shares during the quarter. Quotient Wealth Partners LLC’s holdings in ONEOK were worth $382,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. QRG Capital Management Inc. lifted its holdings in ONEOK by 2.2% during the 2nd quarter. QRG Capital Management Inc. now owns 5,572 shares of the utilities provider’s stock worth $454,000 after buying an additional 119 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in ONEOK by 0.9% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 13,623 shares of the utilities provider’s stock worth $1,111,000 after buying an additional 122 shares in the last quarter. Brighton Jones LLC lifted its holdings in ONEOK by 1.1% during the 2nd quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider’s stock worth $935,000 after buying an additional 122 shares in the last quarter. Capital Wealth Planning LLC lifted its holdings in ONEOK by 4.3% during the 2nd quarter. Capital Wealth Planning LLC now owns 3,166 shares of the utilities provider’s stock worth $258,000 after buying an additional 131 shares in the last quarter. Finally, Aviso Wealth Management lifted its holdings in ONEOK by 1.7% during the 2nd quarter. Aviso Wealth Management now owns 7,813 shares of the utilities provider’s stock worth $637,000 after buying an additional 134 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $103.00 to $111.00 in a report on Monday, September 16th. Barclays raised their price objective on shares of ONEOK from $82.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. Tudor Pickering upgraded shares of ONEOK to a “hold” rating in a report on Thursday, July 18th. Royal Bank of Canada raised their price objective on shares of ONEOK from $84.00 to $89.00 and gave the company a “sector perform” rating in a report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and a consensus price target of $92.38.

ONEOK Trading Down 0.0 %

Shares of ONEOK stock opened at $94.71 on Friday. ONEOK, Inc. has a 1 year low of $63.33 and a 1 year high of $96.05. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.41 and a current ratio of 0.62. The company has a market capitalization of $55.32 billion, a P/E ratio of 20.63, a PEG ratio of 4.68 and a beta of 1.67. The company’s fifty day moving average is $89.85 and its two-hundred day moving average is $83.87.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same period last year, the firm posted $1.04 EPS. Analysts forecast that ONEOK, Inc. will post 5.09 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Thursday, August 1st. ONEOK’s payout ratio is currently 86.27%.

Insiders Place Their Bets

In other news, Director Pattye L. Moore sold 3,379 shares of ONEOK stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

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.