ONEOK, Inc. (OKE) Shares Sold by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC lowered its position in ONEOK, Inc. (NYSE:OKE) by 20.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,814 shares of the utilities provider’s stock after selling 6,111 shares during the period. Wellington Shields Capital Management LLC’s holdings in ONEOK were worth $1,273,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OKE. Hodges Capital Management Inc. increased its holdings in shares of ONEOK by 82.5% in the fourth quarter. Hodges Capital Management Inc. now owns 32,154 shares of the utilities provider’s stock valued at $1,719,000 after purchasing an additional 14,531 shares in the last quarter. Albert D Mason Inc. increased its holdings in shares of ONEOK by 3.3% in the fourth quarter. Albert D Mason Inc. now owns 40,500 shares of the utilities provider’s stock valued at $2,165,000 after purchasing an additional 1,287 shares in the last quarter. Cadence Capital Management LLC increased its holdings in shares of ONEOK by 7.5% in the fourth quarter. Cadence Capital Management LLC now owns 295,465 shares of the utilities provider’s stock valued at $15,793,000 after purchasing an additional 20,570 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of ONEOK by 11.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 33,663 shares of the utilities provider’s stock valued at $1,799,000 after purchasing an additional 3,542 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in shares of ONEOK by 11.7% in the fourth quarter. Alps Advisors Inc. now owns 1,036,551 shares of the utilities provider’s stock valued at $55,404,000 after purchasing an additional 108,216 shares in the last quarter. Institutional investors own 66.52% of the company’s stock.

Shares of ONEOK, Inc. (NYSE OKE) opened at $56.50 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. ONEOK, Inc. has a fifty-two week low of $47.14 and a fifty-two week high of $61.36. The company has a market cap of $23,159.07, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, January 29th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Friday, January 26th. This is a positive change from ONEOK’s previous quarterly dividend of $0.75. ONEOK’s payout ratio is currently 192.50%.

In other ONEOK news, Director Brian L. Derksen bought 1,800 shares of the stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $51.00 per share, with a total value of $91,800.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.

A number of brokerages recently weighed in on OKE. Mizuho reissued a “hold” rating and issued a $61.00 price target on shares of ONEOK in a report on Tuesday, January 23rd. Barclays raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $58.00 to $67.00 in a report on Wednesday, January 17th. BMO Capital Markets reissued a “buy” rating and issued a $64.00 price target on shares of ONEOK in a report on Tuesday, January 16th. Royal Bank of Canada raised shares of ONEOK from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Finally, Wells Fargo & Co raised shares of ONEOK from a “market perform” rating to an “outperform” rating in a report on Thursday, January 11th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $59.85.

TRADEMARK VIOLATION WARNING: This piece was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://sportsperspectives.com/2018/02/08/oneok-inc-oke-shares-sold-by-wellington-shields-capital-management-llc.html.

ONEOK Company Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

Want to see what other hedge funds are holding OKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONEOK, Inc. (NYSE:OKE).

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

Receive News & Ratings for ONEOK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply