Brown Advisory Inc. Sells 1,633 Shares of ONEOK, Inc. (NYSE:OKE)

Brown Advisory Inc. reduced its holdings in ONEOK, Inc. (NYSE:OKE) by 1.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 148,802 shares of the utilities provider’s stock after selling 1,633 shares during the quarter. Brown Advisory Inc.’s holdings in ONEOK were worth $10,449,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Regal Investment Advisors LLC grew its holdings in ONEOK by 3.6% in the third quarter. Regal Investment Advisors LLC now owns 4,631 shares of the utilities provider’s stock worth $294,000 after purchasing an additional 159 shares during the period. FourThought Financial Partners LLC increased its position in ONEOK by 3.8% in the 4th quarter. FourThought Financial Partners LLC now owns 4,386 shares of the utilities provider’s stock valued at $308,000 after buying an additional 161 shares in the last quarter. Monarch Capital Management Inc. raised its stake in ONEOK by 1.2% during the 4th quarter. Monarch Capital Management Inc. now owns 15,573 shares of the utilities provider’s stock worth $1,094,000 after buying an additional 183 shares during the period. Arlington Trust Co LLC grew its stake in ONEOK by 27.9% in the fourth quarter. Arlington Trust Co LLC now owns 838 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 183 shares during the period. Finally, Beacon Capital Management LLC raised its position in shares of ONEOK by 90.7% during the fourth quarter. Beacon Capital Management LLC now owns 408 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 194 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insiders Place Their Bets

In related news, Director Wayne Thomas Smith purchased 2,700 shares of ONEOK stock in a transaction dated Friday, March 1st. The stock was bought at an average cost of $75.25 per share, for a total transaction of $203,175.00. Following the completion of the transaction, the director now owns 2,700 shares in the company, valued at $203,175. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

ONEOK Stock Performance

Shares of OKE opened at $83.01 on Wednesday. ONEOK, Inc. has a 1 year low of $56.19 and a 1 year high of $83.31. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.70 and a quick ratio of 0.48. The stock’s fifty day moving average price is $79.48 and its two-hundred day moving average price is $73.26. The firm has a market cap of $48.45 billion, a PE ratio of 19.30, a PEG ratio of 4.43 and a beta of 1.64.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $5.84 billion. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. During the same period in the previous year, the business posted $2.34 EPS. On average, equities research analysts forecast that ONEOK, Inc. will post 4.94 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a dividend of $0.99 per share. The ex-dividend date was Tuesday, April 30th. This represents a $3.96 dividend on an annualized basis and a yield of 4.77%. ONEOK’s payout ratio is 92.09%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OKE. Barclays upped their price objective on shares of ONEOK from $73.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. UBS Group lifted their price target on ONEOK from $80.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Wells Fargo & Company raised their price objective on ONEOK from $81.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Seaport Res Ptn upgraded shares of ONEOK from a “neutral” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, US Capital Advisors lowered shares of ONEOK from an “overweight” rating to a “hold” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $83.58.

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.