Toronto Dominion Bank Sells 16,816 Shares of ONEOK, Inc. (NYSE:OKE)

Toronto Dominion Bank cut its holdings in ONEOK, Inc. (NYSE:OKE) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 293,279 shares of the utilities provider’s stock after selling 16,816 shares during the quarter. Toronto Dominion Bank’s holdings in ONEOK were worth $29,445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Scissortail Wealth Management LLC grew its holdings in shares of ONEOK by 94,836.8% during the 4th quarter. Scissortail Wealth Management LLC now owns 18,038 shares of the utilities provider’s stock valued at $1,811,000 after purchasing an additional 18,019 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in ONEOK in the fourth quarter valued at approximately $1,634,000. ProShare Advisors LLC grew its stake in shares of ONEOK by 0.6% during the fourth quarter. ProShare Advisors LLC now owns 161,077 shares of the utilities provider’s stock worth $16,172,000 after buying an additional 957 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of ONEOK by 37.8% during the fourth quarter. Quantinno Capital Management LP now owns 75,083 shares of the utilities provider’s stock worth $7,538,000 after buying an additional 20,583 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its stake in shares of ONEOK by 6.0% in the 4th quarter. Pathstone Holdings LLC now owns 107,458 shares of the utilities provider’s stock valued at $10,789,000 after acquiring an additional 6,057 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 0.3%

ONEOK stock opened at $85.74 on Monday. The firm has a market cap of $53.55 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 3.77 and a beta of 1.01. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The firm has a 50 day moving average price of $88.59 and a two-hundred day moving average price of $97.71.

ONEOK (NYSE:OKE) last posted its quarterly earnings data 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). The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter last year, the company earned $1.09 earnings per share. Equities analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend was Monday, May 5th. ONEOK’s dividend payout ratio is 80.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays reduced their price objective on ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Friday, March 7th. Citigroup reduced their price target on ONEOK from $110.00 to $102.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company dropped their price objective on shares of ONEOK from $102.00 to $93.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Stifel Nicolaus cut their target price on shares of ONEOK from $110.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Monday, February 10th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.00.

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.