Baldwin Wealth Partners LLC MA Sells 2,891 Shares of ONEOK, Inc. (NYSE:OKE)

Baldwin Wealth Partners LLC MA lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 14.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,916 shares of the utilities provider’s stock after selling 2,891 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in ONEOK were worth $1,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Matrix Trust Co acquired a new position in shares of ONEOK during the 3rd quarter worth approximately $29,000. Kieckhefer Group LLC acquired a new stake in ONEOK in the fourth quarter valued at $30,000. Access Investment Management LLC acquired a new stake in shares of ONEOK during the third quarter worth $37,000. Values First Advisors Inc. bought a new stake in shares of ONEOK in the 3rd quarter valued at $44,000. Finally, Fortitude Family Office LLC grew its stake in ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 135 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on OKE. Barclays lifted their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. UBS Group raised their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a research report on Wednesday, December 18th. Mizuho raised shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Finally, US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and a consensus price target of $102.92.

ONEOK Stock Performance

Shares of NYSE OKE opened at $102.72 on Monday. The company has a market cap of $60.01 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 4.03 and a beta of 1.70. The company has a 50-day simple moving average of $106.00 and a 200-day simple moving average of $96.70. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK (NYSE:OKE) last announced its earnings results 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). The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter last year, the company posted $0.99 earnings per share. On average, equities analysts anticipate that ONEOK, Inc. will post 5.1 earnings per share for the current year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s payout ratio is currently 82.85%.

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.