Legacy Private Trust Co. decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 64.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,940 shares of the utilities provider’s stock after selling 10,848 shares during the quarter. Legacy Private Trust Co.’s holdings in ONEOK were worth $317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of ONEOK by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 912,694 shares of the utilities provider’s stock valued at $47,603,000 after buying an additional 13,443 shares in the last quarter. Starr International Co. Inc. purchased a new position in shares of ONEOK during the 3rd quarter valued at $8,089,000. New York State Common Retirement Fund lifted its stake in shares of ONEOK by 1.6% during the 3rd quarter. New York State Common Retirement Fund now owns 552,700 shares of the utilities provider’s stock valued at $30,625,000 after buying an additional 8,800 shares in the last quarter. Shell Asset Management Co. lifted its stake in shares of ONEOK by 240.1% during the 3rd quarter. Shell Asset Management Co. now owns 47,465 shares of the utilities provider’s stock valued at $3,111,000 after buying an additional 33,507 shares in the last quarter. Finally, Lincoln National Corp purchased a new position in shares of ONEOK during the 3rd quarter valued at $374,000. Institutional investors own 69.94% of the company’s stock.

In other ONEOK news, Director Brian L. Derksen bought 1,800 shares of ONEOK stock in a transaction dated Monday, November 20th. The shares were purchased at an average cost of $51.00 per share, for a total transaction of $91,800.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Shares of ONEOK, Inc. (NYSE OKE) opened at $59.41 on Thursday. The company has a market cap of $24,136.00, a price-to-earnings ratio of 37.13, a price-to-earnings-growth ratio of 2.23 and a beta of 1.25. ONEOK, Inc. has a one year low of $47.14 and a one year high of $60.06. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.80 billion. ONEOK had a return on equity of 9.25% and a net margin of 3.76%. During the same quarter in the previous year, the firm earned $0.43 EPS. equities analysts forecast that ONEOK, Inc. will post 1.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, January 29th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 5.18%. This is a boost from ONEOK’s previous quarterly dividend of $0.75. ONEOK’s payout ratio is presently 186.25%.

OKE has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 target price on the stock in a research note on Tuesday, October 17th. Stifel Nicolaus restated a “hold” rating and set a $54.00 target price on shares of ONEOK in a research note on Thursday, October 12th. Credit Suisse Group assumed coverage on shares of ONEOK in a research note on Monday, January 8th. They set an “outperform” rating and a $62.00 target price on the stock. Royal Bank of Canada upgraded shares of ONEOK from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. Finally, BMO Capital Markets set a $62.00 price target on shares of ONEOK and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $59.93.

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ONEOK Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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