Avior Wealth Management LLC Decreases Stock Position in ONEOK, Inc. (NYSE:OKE)

Avior Wealth Management LLC lowered its stake in ONEOK, Inc. (NYSE:OKE) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,659 shares of the utilities provider’s stock after selling 1,706 shares during the period. Avior Wealth Management LLC’s holdings in ONEOK were worth $3,019,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Venturi Wealth Management LLC grew its stake in shares of ONEOK by 5.3% in the first quarter. Venturi Wealth Management LLC now owns 2,809 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 142 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of ONEOK by 4.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 3,199 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 144 shares during the last quarter. Presima Securities ULC grew its stake in shares of ONEOK by 1.7% in the fourth quarter. Presima Securities ULC now owns 9,100 shares of the utilities provider’s stock worth $639,000 after purchasing an additional 150 shares during the last quarter. FourThought Financial Partners LLC grew its stake in shares of ONEOK by 3.8% in the fourth quarter. FourThought Financial Partners LLC now owns 4,386 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 161 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in shares of ONEOK by 2.6% in the first quarter. Valeo Financial Advisors LLC now owns 6,867 shares of the utilities provider’s stock worth $556,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company raised their target price on ONEOK from $81.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. StockNews.com raised ONEOK from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Mizuho lifted their price objective on ONEOK from $75.00 to $81.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Stifel Nicolaus lifted their price objective on ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price objective on ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $84.50.

ONEOK Stock Down 0.7 %

Shares of OKE stock traded down $0.55 during trading hours on Friday, hitting $82.25. 1,314,807 shares of the company’s stock traded hands, compared to its average volume of 2,330,349. The stock’s fifty day simple moving average is $80.31 and its two-hundred day simple moving average is $76.26. ONEOK, Inc. has a 12-month low of $60.52 and a 12-month high of $83.31. The stock has a market cap of $48.01 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 4.44 and a beta of 1.65. The company has a quick ratio of 0.48, a current ratio of 0.70 and a debt-to-equity ratio of 1.24.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. ONEOK had a net margin of 12.54% and a return on equity of 15.94%. The company had revenue of $4.78 billion during the quarter, compared to analyst estimates of $5.84 billion. During the same period in the previous year, the business earned $2.34 EPS. On average, analysts expect that ONEOK, Inc. will post 4.95 EPS for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.99 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $3.96 dividend on an annualized basis and a yield of 4.81%. ONEOK’s payout ratio is currently 92.09%.

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.