Baldwin Wealth Partners LLC MA Sells 2,891 Shares of ONEOK, Inc. (NYSE:OKE)

Baldwin Wealth Partners LLC MA decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 14.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,916 shares of the utilities provider’s stock after selling 2,891 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in ONEOK were worth $1,698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKE. International Assets Investment Management LLC raised its holdings in ONEOK by 9,439.9% in the third quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock worth $294,440,000 after purchasing an additional 3,197,121 shares during the period. Charles Schwab Investment Management Inc. grew its stake in ONEOK by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock valued at $1,593,023,000 after buying an additional 661,854 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of ONEOK in the third quarter valued at about $47,957,000. Yaupon Capital Management LP bought a new stake in shares of ONEOK during the 3rd quarter valued at $45,194,000. Finally, National Bank of Canada FI lifted its stake in ONEOK by 199.9% during the third quarter. National Bank of Canada FI now owns 697,985 shares of the utilities provider’s stock worth $63,605,000 after purchasing an additional 465,243 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Down 1.7 %

Shares of OKE opened at $102.72 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $60.01 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 4.03 and a beta of 1.70. The business’s 50 day moving average is $106.00 and its 200 day moving average is $96.70. ONEOK, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the prior year, the firm posted $0.99 EPS. Research analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a $1.03 dividend. The ex-dividend date is Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 4.01%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio is 82.85%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OKE. Bank of America assumed coverage on ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 target price for the company. Mizuho raised shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Scotiabank started coverage on ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective for the company. Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a report on Wednesday, December 18th. Finally, Royal Bank of Canada boosted their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK 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.