SageView Advisory Group LLC Sells 36,383 Shares of ONEOK, Inc. (NYSE:OKE)

SageView Advisory Group LLC lowered its position in shares of ONEOK, Inc. (NYSE:OKE) by 87.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,104 shares of the utilities provider’s stock after selling 36,383 shares during the period. SageView Advisory Group LLC’s holdings in ONEOK were worth $356,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of ONEOK by 2,643.5% in the fourth quarter. Wellington Management Group LLP now owns 1,170,739 shares of the utilities provider’s stock worth $82,209,000 after purchasing an additional 1,128,066 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of ONEOK in the 4th quarter worth approximately $696,000. ARK & TLK Investments LLC purchased a new position in shares of ONEOK during the fourth quarter valued at approximately $244,000. Beaird Harris Wealth Management LLC raised its holdings in shares of ONEOK by 58.6% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 51,526 shares of the utilities provider’s stock valued at $3,618,000 after acquiring an additional 19,048 shares in the last quarter. Finally, Syon Capital LLC lifted its stake in ONEOK by 20.3% in the fourth quarter. Syon Capital LLC now owns 11,632 shares of the utilities provider’s stock worth $817,000 after acquiring an additional 1,961 shares during the period. Institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial upped their price objective on shares of ONEOK from $71.00 to $81.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. US Capital Advisors downgraded ONEOK from an “overweight” rating to a “hold” rating in a report on Wednesday, March 20th. StockNews.com upgraded ONEOK from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. UBS Group upped their price target on ONEOK from $80.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, Barclays raised their price objective on ONEOK from $73.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $84.25.

ONEOK Price Performance

Shares of NYSE OKE opened at $80.06 on Thursday. The firm has a market cap of $46.73 billion, a P/E ratio of 18.62, a PEG ratio of 4.24 and a beta of 1.65. ONEOK, Inc. has a twelve month low of $57.37 and a twelve month high of $83.31. The company has a quick ratio of 0.48, a current ratio of 0.70 and a debt-to-equity ratio of 1.24. The company has a 50 day moving average of $79.80 and a 200 day moving average of $75.19.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. The firm had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter in the previous year, the business earned $2.34 earnings per share. As a group, research analysts expect that ONEOK, Inc. will post 4.94 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date was Tuesday, April 30th. ONEOK’s payout ratio is presently 92.09%.

ONEOK Company 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.