ONEOK, Inc. (NYSE:OKE) Shares Bought by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC raised its holdings in ONEOK, Inc. (NYSE:OKE) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,722 shares of the utilities provider’s stock after acquiring an additional 130 shares during the period. ONEOK makes up approximately 1.3% of Morey & Quinn Wealth Partners LLC’s investment portfolio, making the stock its 16th largest position. Morey & Quinn Wealth Partners LLC’s holdings in ONEOK were worth $1,560,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of OKE. LaFleur & Godfrey LLC acquired a new stake in ONEOK in the 4th quarter valued at about $931,000. Brighton Jones LLC raised its holdings in ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after acquiring an additional 8,834 shares during the last quarter. Empowered Funds LLC raised its holdings in ONEOK by 80.3% in the 4th quarter. Empowered Funds LLC now owns 17,820 shares of the utilities provider’s stock valued at $1,789,000 after acquiring an additional 7,936 shares during the last quarter. Savant Capital LLC raised its holdings in ONEOK by 5.3% in the 4th quarter. Savant Capital LLC now owns 8,599 shares of the utilities provider’s stock valued at $863,000 after acquiring an additional 436 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC acquired a new stake in ONEOK in the 4th quarter valued at about $368,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

NYSE:OKE opened at $83.74 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market capitalization of $52.72 billion, a P/E ratio of 17.52, a PEG ratio of 3.77 and a beta of 0.94. The company has a 50 day moving average price of $83.07 and a 200 day moving average price of $94.14. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.24). The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period in the previous year, the business posted $1.09 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a $1.03 dividend. The ex-dividend date was Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 4.92%. ONEOK’s dividend payout ratio is presently 80.47%.

Analyst Upgrades and Downgrades

OKE has been the subject of several analyst reports. Scotiabank dropped their price target on shares of ONEOK from $96.00 to $93.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 5th. Wells Fargo & Company dropped their price target on shares of ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price target on shares of ONEOK from $110.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Citigroup dropped their price target on shares of ONEOK from $110.00 to $102.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Finally, Barclays dropped their price target on shares of ONEOK from $101.00 to $91.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 3rd. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.69.

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.