Captrust Financial Advisors Lowers Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Captrust Financial Advisors reduced its position in ONEOK, Inc. (NYSE:OKE) by 0.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,043 shares of the utilities provider’s stock after selling 179 shares during the quarter. Captrust Financial Advisors’ holdings in ONEOK were worth $10,044,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Kieckhefer Group LLC purchased a new stake in shares of ONEOK during the fourth quarter valued at approximately $30,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in ONEOK during the 4th quarter valued at $39,000. Canton Hathaway LLC purchased a new position in shares of ONEOK in the fourth quarter valued at about $40,000. J.Safra Asset Management Corp purchased a new stake in shares of ONEOK during the fourth quarter worth about $48,000. Finally, VSM Wealth Advisory LLC bought a new stake in shares of ONEOK in the fourth quarter worth about $50,000. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Up 1.2 %

OKE opened at $80.22 on Thursday. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a 50 day moving average price of $89.62 and a 200-day moving average price of $98.26. The stock has a market capitalization of $50.11 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 3.77 and a beta of 1.01.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the previous year, the company earned $1.09 earnings per share. Equities research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Monday, May 5th. ONEOK’s payout ratio is currently 80.47%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OKE. Scotiabank decreased their price target on shares of ONEOK from $101.00 to $100.00 and set a “sector outperform” rating for the company in a research note on Tuesday, April 29th. Barclays decreased their target price on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Stifel Nicolaus dropped their price target on ONEOK from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company reduced their price objective on ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Finally, US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and an average price target of $105.00.

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.