ONEOK, Inc. (NYSE:OKE) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 0.4% in the 1st quarter, Holdings Channel reports. The fund owned 211,961 shares of the utilities provider’s stock after buying an additional 767 shares during the period. Sequoia Financial Advisors LLC’s holdings in ONEOK were worth $21,031,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Greenline Partners LLC bought a new position in shares of ONEOK during the fourth quarter worth about $32,000. First Pacific Financial acquired a new stake in ONEOK in the 1st quarter valued at about $34,000. Vermillion Wealth Management Inc. purchased a new stake in ONEOK during the fourth quarter valued at about $37,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in ONEOK during the fourth quarter valued at about $39,000. Finally, Rakuten Securities Inc. lifted its stake in ONEOK by 152.1% during the first quarter. Rakuten Securities Inc. now owns 421 shares of the utilities provider’s stock valued at $42,000 after buying an additional 254 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Down 0.4%

Shares of ONEOK stock opened at $80.21 on Thursday. The company’s fifty day simple moving average is $82.77 and its 200-day simple moving average is $92.62. The company has a market cap of $50.50 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.58 and a beta of 0.94. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings results 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). ONEOK had a return on equity of 15.58% and a net margin of 12.15%. The business had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. As a group, sell-side analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 5.14%. ONEOK’s dividend payout ratio is currently 80.47%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of ONEOK from $111.00 to $133.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Wells Fargo & Company dropped their price objective on ONEOK from $102.00 to $93.00 and set an “equal weight” rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus cut their price objective on shares of ONEOK from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Scotiabank cut their price objective on shares of ONEOK from $96.00 to $93.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 5th. Finally, Citigroup lowered their price target on ONEOK from $110.00 to $102.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently 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.