Crewe Advisors LLC Has $123,000 Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Crewe Advisors LLC trimmed its stake in shares of ONEOK, Inc. (NYSE:OKE) by 39.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,352 shares of the utilities provider’s stock after selling 867 shares during the quarter. Crewe Advisors LLC’s holdings in ONEOK were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Matrix Trust Co bought a new stake in ONEOK in the third quarter valued at $29,000. Quest Partners LLC acquired a new stake in shares of ONEOK during the 2nd quarter worth about $28,000. Ridgewood Investments LLC bought a new position in ONEOK during the 2nd quarter valued at about $31,000. Access Investment Management LLC bought a new stake in ONEOK during the third quarter worth about $37,000. Finally, Values First Advisors Inc. acquired a new stake in shares of ONEOK during the third quarter worth approximately $44,000. 69.13% of the stock is currently owned by institutional investors.

Insider Activity at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of ONEOK stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

ONEOK Price Performance

OKE opened at $117.05 on Friday. The company has a fifty day moving average price of $98.87 and a two-hundred day moving average price of $88.93. The firm has a market capitalization of $68.38 billion, a PE ratio of 24.49, a P/E/G ratio of 5.82 and a beta of 1.66. ONEOK, Inc. has a 52 week low of $65.49 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.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period last year, the firm earned $0.99 earnings per share. As a group, analysts anticipate that ONEOK, Inc. will post 5.15 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, November 1st. ONEOK’s payout ratio is 82.85%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. Barclays boosted their price objective on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Bank of America assumed coverage on ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price for the company. Wells Fargo & Company upped their price target on shares of ONEOK from $100.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, UBS Group increased their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and an average target price of $100.38.

About ONEOK

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.