ONEOK, Inc. (NYSE:OKE) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its stake in shares of ONEOK, Inc. (NYSE:OKE) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,466 shares of the utilities provider’s stock after selling 1,441 shares during the quarter. Calamos Advisors LLC’s holdings in ONEOK were worth $10,074,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. increased its stake in ONEOK by 31.6% in the fourth quarter. Federated Hermes Inc. now owns 160,596 shares of the utilities provider’s stock valued at $11,277,000 after purchasing an additional 38,560 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in ONEOK by 148.6% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,350 shares of the utilities provider’s stock worth $95,000 after buying an additional 807 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in ONEOK by 41.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 76,527 shares of the utilities provider’s stock worth $5,374,000 after buying an additional 22,239 shares in the last quarter. Tyche Wealth Partners LLC purchased a new stake in ONEOK during the fourth quarter worth about $292,000. Finally, Avior Wealth Management LLC boosted its holdings in ONEOK by 1.3% during the fourth quarter. Avior Wealth Management LLC now owns 39,365 shares of the utilities provider’s stock worth $2,764,000 after buying an additional 514 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Wayne Thomas Smith purchased 2,700 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was purchased at an average price of $75.25 per share, with a total value of $203,175.00. Following the completion of the transaction, the director now owns 2,700 shares of the company’s stock, valued at approximately $203,175. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Citigroup boosted their price objective on shares of ONEOK from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Barclays boosted their price objective on shares of ONEOK from $73.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Raymond James boosted their price objective on shares of ONEOK from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Seaport Res Ptn raised shares of ONEOK from a “neutral” rating to a “buy” rating in a report on Thursday, February 8th. Finally, US Capital Advisors downgraded shares of ONEOK from an “overweight” rating to a “hold” rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, ONEOK currently has an average rating of “Hold” and a consensus target price of $82.25.

ONEOK Stock Performance

NYSE:OKE opened at $79.63 on Friday. The firm has a 50 day simple moving average of $76.74 and a 200-day simple moving average of $71.03. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.90 and a quick ratio of 0.67. The firm has a market cap of $46.48 billion, a PE ratio of 14.35, a P/E/G ratio of 4.76 and a beta of 1.65. ONEOK, Inc. has a 1-year low of $55.91 and a 1-year high of $80.81.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, February 26th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.03). ONEOK had a return on equity of 22.57% and a net margin of 15.04%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the company posted $1.08 EPS. On average, equities analysts expect that ONEOK, Inc. will post 4.99 EPS for the current year.

ONEOK declared that its Board of Directors has approved a stock repurchase program on Wednesday, January 17th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the utilities provider to buy up to 4.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Tuesday, April 30th. ONEOK’s dividend payout ratio (DPR) is 71.35%.

About ONEOK

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.