Western Wealth Management LLC Has $368,000 Holdings in ONEOK, Inc. (NYSE:OKE)

Western Wealth Management LLC trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 66.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,670 shares of the utilities provider’s stock after selling 7,274 shares during the quarter. Western Wealth Management LLC’s holdings in ONEOK were worth $368,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. McAdam LLC increased its holdings in shares of ONEOK by 3.8% during the 4th quarter. McAdam LLC now owns 2,612 shares of the utilities provider’s stock valued at $262,000 after acquiring an additional 96 shares during the last quarter. Alliance Wealth Advisors LLC boosted its position in ONEOK by 0.8% during the fourth quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider’s stock worth $1,262,000 after purchasing an additional 100 shares during the period. Mutual Advisors LLC grew its holdings in ONEOK by 1.2% during the fourth quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider’s stock valued at $965,000 after purchasing an additional 103 shares during the last quarter. L.M. Kohn & Company raised its position in shares of ONEOK by 4.5% in the fourth quarter. L.M. Kohn & Company now owns 2,460 shares of the utilities provider’s stock valued at $247,000 after purchasing an additional 105 shares during the period. Finally, Mindset Wealth Management LLC raised its position in shares of ONEOK by 0.7% in the fourth quarter. Mindset Wealth Management LLC now owns 16,114 shares of the utilities provider’s stock valued at $1,618,000 after purchasing an additional 106 shares during the period. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OKE has been the subject of several recent analyst reports. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Barclays decreased their price target on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Scotiabank dropped their price objective on ONEOK from $100.00 to $96.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Citigroup cut their price objective on ONEOK from $110.00 to $102.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus decreased their target price on ONEOK from $110.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.69.

ONEOK Stock Down 0.3%

OKE stock opened at $81.13 on Friday. 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 company has a market cap of $50.68 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01. The business’s 50-day simple moving average is $87.26 and its 200 day simple moving average is $97.22.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.24). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the business posted $1.09 EPS. On average, research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 5.08%. ONEOK’s dividend payout ratio (DPR) is currently 80.47%.

ONEOK 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.