ONEOK, Inc. (OKE) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its position in shares of ONEOK, Inc. (NYSE:OKE) by 30.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 392,374 shares of the utilities provider’s stock after selling 175,418 shares during the period. Advisors Asset Management Inc. owned about 0.19% of ONEOK worth $21,753,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Capstone Asset Management Co. increased its stake in ONEOK by 0.4% in the first quarter. Capstone Asset Management Co. now owns 18,444 shares of the utilities provider’s stock worth $1,023,000 after buying an additional 80 shares during the last quarter. Capital Advisors Inc. OK increased its stake in ONEOK by 0.9% in the first quarter. Capital Advisors Inc. OK now owns 9,832 shares of the utilities provider’s stock worth $545,000 after buying an additional 92 shares during the last quarter. OLD Second National Bank of Aurora increased its stake in ONEOK by 0.4% in the first quarter. OLD Second National Bank of Aurora now owns 26,899 shares of the utilities provider’s stock worth $1,491,000 after buying an additional 114 shares during the last quarter. Burney Co. increased its stake in ONEOK by 2.7% in the fourth quarter. Burney Co. now owns 6,385 shares of the utilities provider’s stock worth $367,000 after buying an additional 170 shares during the last quarter. Finally, Albert D Mason Inc. increased its stake in ONEOK by 4.2% in the first quarter. Albert D Mason Inc. now owns 5,237 shares of the utilities provider’s stock worth $290,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 72.13% of the company’s stock.

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

ONEOK, Inc. (NYSE:OKE) traded up 3.23% during trading on Friday, reaching $51.43. The company had a trading volume of 2,146,841 shares. The company has a 50-day moving average price of $53.28 and a 200 day moving average price of $54.15. ONEOK, Inc. has a 52-week low of $40.67 and a 52-week high of $59.47. The stock has a market cap of $10.85 billion, a PE ratio of 30.70 and a beta of 1.19.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.04. ONEOK had a return on equity of 9.99% and a net margin of 3.50%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.82 billion. On average, analysts anticipate that ONEOK, Inc. will post $2.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were given a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 4.94%. The ex-dividend date was Thursday, April 27th. ONEOK’s dividend payout ratio (DPR) is presently 182.22%.

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A number of equities analysts have recently weighed in on the company. TheStreet raised ONEOK from a “c+” rating to a “b-” rating in a report on Monday, March 6th. BMO Capital Markets reissued a “hold” rating and issued a $53.00 price target on shares of ONEOK in a report on Wednesday, March 1st. Zacks Investment Research raised ONEOK from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Wednesday, March 8th. Guggenheim assumed coverage on ONEOK in a report on Monday, April 17th. They issued a “buy” rating and a $62.00 price target for the company. Finally, Credit Suisse Group AG raised ONEOK from a “neutral” rating to an “outperform” rating and set a $63.00 price target for the company in a report on Thursday, February 2nd. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.91.

About ONEOK

ONEOK, Inc is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.

5 Day Chart for NYSE:OKE

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