MKT Advisors LLC Sells 209 Shares of ONEOK, Inc. (NYSE:OKE)

MKT Advisors LLC decreased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,063 shares of the utilities provider’s stock after selling 209 shares during the quarter. MKT Advisors LLC’s holdings in ONEOK were worth $661,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kieckhefer Group LLC bought a new stake in ONEOK during the fourth quarter worth approximately $30,000. Matrix Trust Co acquired a new stake in shares of ONEOK in the third quarter worth $29,000. Access Investment Management LLC bought a new stake in shares of ONEOK during the 3rd quarter worth $37,000. Values First Advisors Inc. acquired a new position in ONEOK in the 3rd quarter valued at $44,000. Finally, Fortitude Family Office LLC raised its holdings in ONEOK by 37.4% in the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 135 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 0.5 %

NYSE OKE opened at $104.42 on Friday. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07. The company has a market capitalization of $61.00 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 4.03 and a beta of 1.70. The stock’s 50 day moving average is $106.00 and its two-hundred day moving average is $96.50. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS 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 during the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the firm earned $0.99 EPS. Equities analysts forecast that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $1.03 dividend. The ex-dividend date is Monday, February 3rd. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.95%. ONEOK’s payout ratio is 82.85%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OKE. Scotiabank started coverage on shares of ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target for the company. Barclays raised their target price on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a report on Wednesday, December 18th. UBS Group raised their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.92.

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.