Avior Wealth Management LLC Sells 365 Shares of ONEOK, Inc. (NYSE:OKE)

Avior Wealth Management LLC lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,292 shares of the utilities provider’s stock after selling 365 shares during the quarter. Avior Wealth Management LLC’s holdings in ONEOK were worth $3,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. National Pension Service raised its holdings in ONEOK by 1.6% during the 3rd quarter. National Pension Service now owns 763,833 shares of the utilities provider’s stock valued at $69,608,000 after acquiring an additional 12,349 shares during the period. Leavell Investment Management Inc. grew its position in shares of ONEOK by 3.8% in the third quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider’s stock valued at $12,871,000 after purchasing an additional 5,175 shares in the last quarter. Caxton Associates LP bought a new stake in shares of ONEOK during the 2nd quarter valued at $1,225,000. Point72 Europe London LLP bought a new position in ONEOK in the 2nd quarter worth about $15,008,000. Finally, Nations Financial Group Inc. IA ADV grew its holdings in ONEOK by 11.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider’s stock valued at $4,972,000 after buying an additional 5,451 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 3.2 %

OKE opened at $106.28 on Thursday. The company has a market cap of $62.09 billion, a P/E ratio of 22.23, a P/E/G ratio of 4.16 and a beta of 1.70. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The business’s 50-day moving average price is $106.17 and its 200-day moving average price is $96.28. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, equities analysts expect that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a dividend of $1.03 per share. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.88%. ONEOK’s dividend payout ratio is currently 82.85%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on OKE shares. Mizuho raised shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Bank of America initiated coverage on shares of ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. UBS Group boosted their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada raised their price target on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.92.

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.