ONEOK, Inc. (NYSE:OKE) Shares Sold by GoalVest Advisory LLC

GoalVest Advisory LLC reduced its position in ONEOK, Inc. (NYSE:OKE) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,830 shares of the utilities provider’s stock after selling 831 shares during the period. GoalVest Advisory LLC’s holdings in ONEOK were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

ONEOK Price Performance

ONEOK stock opened at $106.28 on Thursday. The stock has a market cap of $62.09 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 4.16 and a beta of 1.70. The company has a fifty day simple moving average of $106.21 and a 200-day simple moving average of $96.21. 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, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings data 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 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 analysts’ expectations of $5.81 billion. During the same quarter in the prior year, the firm posted $0.99 EPS. Equities analysts expect that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.88%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s payout ratio is currently 82.85%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OKE. Scotiabank initiated coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Bank of America assumed coverage on ONEOK in a research note on Thursday, October 17th. They set a “buy” rating and a $105.00 target price for the company. Mizuho raised ONEOK to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a research report on Wednesday, December 18th. Finally, US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, ONEOK has an average rating of “Moderate Buy” and an average 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.