Capital Advisors Ltd. LLC Sells 630 Shares of ONEOK, Inc. (NYSE:OKE)

Capital Advisors Ltd. LLC cut its stake in shares of ONEOK, Inc. (NYSE:OKE) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,198 shares of the utilities provider’s stock after selling 630 shares during the period. Capital Advisors Ltd. LLC’s holdings in ONEOK were worth $225,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of OKE. Vanguard Group Inc. raised its stake in shares of 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 during the period. Deutsche Bank AG raised its stake in shares of ONEOK by 37.7% during the 3rd quarter. Deutsche Bank AG now owns 13,292,341 shares of the utilities provider’s stock worth $843,133,000 after purchasing an additional 3,636,660 shares during the period. Blackstone Inc. raised its stake in shares of ONEOK by 3,478.3% during the 3rd quarter. Blackstone Inc. now owns 3,578,316 shares of the utilities provider’s stock worth $226,973,000 after purchasing an additional 3,478,316 shares during the period. Invesco Ltd. raised its stake in shares of 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 purchasing an additional 3,229,046 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of ONEOK by 5,247.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,463,929 shares of the utilities provider’s stock worth $173,017,000 after purchasing an additional 2,417,849 shares during the period. 69.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley lifted their target price on ONEOK from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. boosted their price objective on ONEOK from $81.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Barclays boosted their price objective on ONEOK from $73.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Wolfe Research upgraded ONEOK from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, January 10th. Finally, Raymond James boosted their price objective on ONEOK from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, ONEOK presently has an average rating of “Hold” and an average price target of $82.25.

Insider Buying and Selling

In related news, Director Wayne Thomas Smith acquired 2,700 shares of ONEOK stock in a transaction that occurred 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 owns 2,700 shares in the company, valued at approximately $203,175. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.

ONEOK Stock Up 0.4 %

NYSE:OKE traded up $0.29 during mid-day trading on Thursday, hitting $81.24. 701,942 shares of the company’s stock traded hands, compared to its average volume of 2,974,614. The company has a fifty day moving average of $77.39 and a 200 day moving average of $71.47. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.67 and a current ratio of 0.90. The company has a market capitalization of $47.41 billion, a P/E ratio of 14.59, a P/E/G ratio of 4.91 and a beta of 1.65. ONEOK, Inc. has a twelve month low of $55.91 and a twelve month high of $81.24.

ONEOK (NYSE:OKE) last posted its 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). The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.57 billion. ONEOK had a return on equity of 22.57% and a net margin of 15.04%. During the same period last year, the business earned $1.08 earnings per share. On average, analysts forecast that ONEOK, Inc. will post 4.99 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a $0.99 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $3.96 annualized dividend and a dividend yield of 4.87%. ONEOK’s dividend payout ratio (DPR) is presently 71.35%.

ONEOK declared that its board has initiated a share buyback plan on Wednesday, January 17th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the utilities provider to repurchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.