Symmetry Partners LLC Sells 1,168 Shares of ONEOK, Inc. (NYSE:OKE)

Symmetry Partners LLC cut its holdings in ONEOK, Inc. (NYSE:OKE) by 14.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,194 shares of the utilities provider’s stock after selling 1,168 shares during the period. Symmetry Partners LLC’s holdings in ONEOK were worth $587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rise Advisors LLC bought a new position in ONEOK in the 1st quarter worth approximately $25,000. LifeSteps Financial Inc. purchased a new stake in ONEOK in the 1st quarter worth approximately $26,000. American National Bank purchased a new stake in ONEOK in the 1st quarter worth approximately $32,000. HHM Wealth Advisors LLC purchased a new stake in ONEOK in the 4th quarter worth approximately $32,000. Finally, Manchester Capital Management LLC lifted its stake in ONEOK by 66.4% in the 1st quarter. Manchester Capital Management LLC now owns 456 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Tudor Pickering upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, July 18th. Truist Financial raised their price objective on shares of ONEOK from $81.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised their price objective on shares of ONEOK from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Wednesday. Mizuho raised their price objective on shares of ONEOK from $81.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $85.50.

ONEOK Trading Down 0.6 %

NYSE:OKE traded down $0.50 during trading hours on Friday, reaching $84.83. The company’s stock had a trading volume of 1,357,559 shares, compared to its average volume of 2,771,557. The firm has a market capitalization of $49.51 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 4.37 and a beta of 1.65. ONEOK, Inc. has a 1 year low of $60.58 and a 1 year high of $86.20. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.48 and a current ratio of 0.70. The firm has a 50-day simple moving average of $81.59 and a 200-day simple moving average of $78.34.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. ONEOK had a net margin of 12.54% and a return on equity of 15.94%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same period in the previous year, the company earned $1.04 earnings per share. Research analysts expect that ONEOK, Inc. will post 5.02 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, August 1st. This represents a $3.96 annualized dividend and a dividend yield of 4.67%. ONEOK’s payout ratio is 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.