BRYN MAWR TRUST Co Cuts Holdings in ONEOK, Inc. (OKE)

BRYN MAWR TRUST Co decreased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,939 shares of the utilities provider’s stock after selling 561 shares during the period. BRYN MAWR TRUST Co’s holdings in ONEOK were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in OKE. Reilly Financial Advisors LLC increased its holdings in ONEOK by 142.4% in the fourth quarter. Reilly Financial Advisors LLC now owns 497 shares of the utilities provider’s stock worth $27,000 after buying an additional 292 shares during the last quarter. PRW Wealth Management LLC acquired a new position in ONEOK during the fourth quarter valued at approximately $27,000. Claybrook Capital LLC acquired a new position in ONEOK during the fourth quarter valued at approximately $37,000. Oakworth Capital Inc. grew its holdings in ONEOK by 2,664.0% during the fourth quarter. Oakworth Capital Inc. now owns 691 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 666 shares during the last quarter. Finally, ERTS Wealth Advisors LLC acquired a new position in ONEOK during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.

Shares of NYSE OKE traded down $0.51 during midday trading on Monday, reaching $70.09. 1,543,901 shares of the company traded hands, compared to its average volume of 2,722,428. ONEOK, Inc. has a 12 month low of $50.26 and a 12 month high of $71.99. The stock has a market cap of $29.01 billion, a PE ratio of 25.21, a PEG ratio of 2.02 and a beta of 1.23. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.66.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, February 25th. The utilities provider reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). ONEOK had a net margin of 9.14% and a return on equity of 17.10%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the business posted $0.53 earnings per share. Analysts predict that ONEOK, Inc. will post 3.01 earnings per share for the current year.

OKE has been the topic of several analyst reports. Morgan Stanley downgraded ONEOK to a “hold” rating in a report on Thursday, December 20th. JPMorgan Chase & Co. raised ONEOK from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $75.00 to $74.00 in a research report on Tuesday, January 8th. Raymond James started coverage on ONEOK in a research report on Thursday, January 10th. They issued a “strong-buy” rating and a $72.00 price objective for the company. Barclays set a $66.00 price objective on ONEOK and gave the company a “hold” rating in a research report on Wednesday, January 16th. Finally, US Capital Advisors reissued a “buy” rating on shares of ONEOK in a research report on Wednesday, January 16th. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. ONEOK presently has an average rating of “Buy” and a consensus price target of $71.11.

In other news, Director Eduardo A. Rodriguez sold 1,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $66.75, for a total value of $100,125.00. Following the completion of the sale, the director now directly owns 15,536 shares in the company, valued at $1,037,028. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.53% of the company’s stock.

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About ONEOK

ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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