CWM Advisors LLC grew its position in shares of ONEOK, Inc. (NYSE:OKE) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,648 shares of the utilities provider’s stock after acquiring an additional 295 shares during the quarter. CWM Advisors LLC’s holdings in ONEOK were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKE. Reilly Financial Advisors LLC increased its stake in ONEOK by 142.4% in the 4th quarter. Reilly Financial Advisors LLC now owns 497 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 292 shares during the last quarter. PRW Wealth Management LLC bought a new position in shares of ONEOK during the 4th quarter valued at about $27,000. Capital Financial Planning LLC bought a new position in shares of ONEOK during the 4th quarter valued at about $30,000. Covington Capital Management increased its position in shares of ONEOK by 46.3% during the 4th quarter. Covington Capital Management now owns 585 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 185 shares during the last quarter. Finally, Oakworth Capital Inc. increased its position in shares of ONEOK by 2,664.0% during the 4th 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. Hedge funds and other institutional investors own 75.54% of the company’s stock.
Several equities analysts have recently commented on OKE shares. Evercore ISI started coverage on ONEOK in a research report on Tuesday, February 5th. They set a $68.00 price objective on the stock. Zacks Investment Research upgraded ONEOK from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Tuesday, March 19th. US Capital Advisors restated a “buy” rating on shares of ONEOK in a research report on Wednesday, January 16th. SunTrust Banks initiated coverage on ONEOK in a research report on Friday, January 18th. They set a “buy” rating and a $72.00 price target on the stock. Finally, Jefferies Financial Group lowered ONEOK from a “buy” rating to a “hold” rating and raised their price target for the stock from $72.00 to $74.00 in a research report on Monday, April 1st. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $71.61.
Shares of OKE traded down $0.59 on Friday, reaching $69.14. The stock had a trading volume of 1,695,568 shares, compared to its average volume of 1,832,661. The stock has a market cap of $28.54 billion, a PE ratio of 24.87, a PEG ratio of 2.00 and a beta of 1.23. The company has a quick ratio of 0.46, a current ratio of 0.66 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a 12-month low of $50.26 and a 12-month high of $71.99.
ONEOK (NYSE:OKE) last released its earnings results on Monday, February 25th. The utilities provider reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.31 billion. ONEOK had a net margin of 9.14% and a return on equity of 17.10%. During the same quarter in the previous year, the business earned $0.53 EPS. Equities analysts anticipate that ONEOK, Inc. will post 3 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Monday, April 29th will be paid a dividend of $0.865 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, April 26th. This represents a $3.46 dividend on an annualized basis and a yield of 5.00%. ONEOK’s payout ratio is presently 123.74%.
COPYRIGHT VIOLATION NOTICE: “CWM Advisors LLC Has $305,000 Holdings in ONEOK, Inc. (NYSE:OKE)” was reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.baseballdailydigest.com/news/2019/04/21/cwm-advisors-llc-boosts-stake-in-oneok-inc-oke.html.
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.
Featured Article: How to trade on quiet period expirations
Receive News & Ratings for ONEOK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK and related companies with MarketBeat.com's FREE daily email newsletter.