JFS Wealth Advisors LLC Has $101,000 Position in ONEOK, Inc. (NYSE:OKE)

JFS Wealth Advisors LLC grew its position in ONEOK, Inc. (NYSE:OKEFree Report) by 142.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,445 shares of the utilities provider’s stock after purchasing an additional 849 shares during the period. JFS Wealth Advisors LLC’s holdings in ONEOK were worth $101,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in ONEOK by 10.3% during the 3rd quarter. Vanguard Group Inc. now owns 59,237,038 shares of the utilities provider’s stock worth $3,757,405,000 after purchasing an additional 5,525,010 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of ONEOK by 37.7% during the third quarter. Deutsche Bank AG now owns 13,292,341 shares of the utilities provider’s stock worth $843,133,000 after buying an additional 3,636,660 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in ONEOK by 21.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,408,725 shares of the utilities provider’s stock valued at $871,341,000 after buying an additional 2,153,295 shares during the last quarter. Morgan Stanley lifted its stake in ONEOK by 20.3% in the 3rd quarter. Morgan Stanley now owns 8,660,013 shares of the utilities provider’s stock valued at $549,305,000 after acquiring an additional 1,458,392 shares in the last quarter. Finally, Invesco Ltd. boosted its position in ONEOK by 65.9% during the 3rd quarter. Invesco Ltd. now owns 8,132,301 shares of the utilities provider’s stock worth $515,832,000 after acquiring an additional 3,229,046 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Wayne Thomas Smith bought 2,700 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were purchased at an average price of $75.25 per share, for a total transaction of $203,175.00. Following the completion of the transaction, the director now directly owns 2,700 shares in the company, valued at approximately $203,175. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

ONEOK Stock Performance

Shares of OKE traded up $0.04 during mid-day trading on Friday, hitting $80.07. 1,695,352 shares of the company’s stock were exchanged, compared to its average volume of 2,692,412. 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, Inc. has a 52 week low of $55.91 and a 52 week high of $81.81. The stock’s 50-day simple moving average is $78.81 and its 200-day simple moving average is $72.37. The firm has a market cap of $46.73 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 4.29 and a beta of 1.64.

ONEOK (NYSE:OKEGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $5.84 billion. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. During the same quarter last year, the company earned $2.34 EPS. On average, equities research analysts expect that ONEOK, Inc. will post 4.94 EPS for the current year.

ONEOK announced that its board has authorized a stock buyback program on Wednesday, January 17th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the utilities provider to repurchase up to 4.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 4.95%. The ex-dividend date is Tuesday, April 30th. ONEOK’s payout ratio is presently 92.09%.

Analyst Ratings Changes

Several research analysts recently commented on OKE shares. US Capital Advisors cut shares of ONEOK from an “overweight” rating to a “hold” rating in a report on Wednesday, March 20th. Mizuho upped their target price on ONEOK from $75.00 to $81.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Barclays raised their price target on ONEOK from $73.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. StockNews.com cut ONEOK from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Raymond James increased their price objective on ONEOK from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ONEOK has an average rating of “Hold” and a consensus target price of $83.58.

Get Our Latest Stock Analysis on OKE

About ONEOK

(Free Report)

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.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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