Jackson Hole Capital Partners LLC Sells 1,172 Shares of ONEOK, Inc. (NYSE:OKE)

Jackson Hole Capital Partners LLC lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 60,489 shares of the utilities provider’s stock after selling 1,172 shares during the period. ONEOK accounts for about 1.1% of Jackson Hole Capital Partners LLC’s portfolio, making the stock its 22nd largest position. Jackson Hole Capital Partners LLC’s holdings in ONEOK were worth $4,248,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Peoples Bank KS bought a new position in ONEOK in the third quarter valued at about $25,000. Beacon Capital Management LLC boosted its holdings in ONEOK by 90.7% in the fourth quarter. Beacon Capital Management LLC now owns 408 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 194 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in ONEOK by 605.1% in the third quarter. Loomis Sayles & Co. L P now owns 557 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 478 shares during the last quarter. SOA Wealth Advisors LLC. boosted its holdings in ONEOK by 283.5% in the fourth quarter. SOA Wealth Advisors LLC. now owns 510 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 377 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC boosted its holdings in ONEOK by 1,690.9% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 591 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 558 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 0.5 %

Shares of NYSE:OKE traded up $0.43 during mid-day trading on Thursday, reaching $81.38. 2,076,352 shares of the stock were exchanged, compared to its average volume of 2,992,246. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 1.29. The company has a market cap of $47.50 billion, a P/E ratio of 14.66, a P/E/G ratio of 4.91 and a beta of 1.65. ONEOK, Inc. has a one year low of $55.91 and a one year high of $81.81. The stock’s 50 day simple moving average is $77.60 and its 200-day simple moving average is $71.54.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 26th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.03). The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.57 billion. ONEOK had a return on equity of 22.57% and a net margin of 15.04%. During the same quarter in the previous year, the business posted $1.08 earnings per share. As a group, equities research analysts predict that ONEOK, Inc. will post 4.99 EPS for the current year.

ONEOK declared that its Board of Directors has approved a stock buyback program on Wednesday, January 17th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the utilities provider to repurchase up to 4.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.99 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $3.96 dividend on an annualized basis and a yield of 4.87%. ONEOK’s dividend payout ratio is 71.35%.

Insider Buying and Selling at ONEOK

In related news, Director Wayne Thomas Smith purchased 2,700 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was purchased at an average cost of $75.25 per share, for a total transaction of $203,175.00. Following the completion of the purchase, the director now directly owns 2,700 shares in the company, valued at $203,175. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on OKE shares. Raymond James increased their target price on ONEOK from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Seaport Res Ptn raised ONEOK from a “neutral” rating to a “buy” rating in a research note on Thursday, February 8th. Stifel Nicolaus increased their target price on ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. UBS Group increased their target price on ONEOK from $80.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Mizuho raised their price target on ONEOK from $75.00 to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $82.25.

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.