Linscomb & Williams Inc. Acquires 548 Shares of ONEOK, Inc. (NYSE:OKE)

Linscomb & Williams Inc. grew its position in shares of ONEOK, Inc. (NYSE:OKE) by 3.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,423 shares of the utilities provider’s stock after buying an additional 548 shares during the quarter. Linscomb & Williams Inc.’s holdings in ONEOK were worth $1,013,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its stake in ONEOK by 90.7% during the fourth quarter. Beacon Capital Management LLC now owns 408 shares of the utilities provider’s stock worth $29,000 after buying an additional 194 shares during the last quarter. HHM Wealth Advisors LLC acquired a new position in shares of ONEOK during the fourth quarter worth approximately $32,000. Loomis Sayles & Co. L P lifted its position in shares of ONEOK by 605.1% during the third quarter. Loomis Sayles & Co. L P now owns 557 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 478 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of ONEOK by 283.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 510 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 377 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of ONEOK during the third quarter worth approximately $40,000. 69.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of research reports. UBS Group upped their target price on shares of ONEOK from $80.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Barclays upped their target price on shares of ONEOK from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Stifel Nicolaus upped their target price on shares of ONEOK from $81.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wells Fargo & Company increased their price objective on shares of ONEOK from $81.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Citigroup increased their price objective on shares of ONEOK from $73.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.58.

ONEOK Trading Up 0.8 %

NYSE:OKE traded up $0.66 during trading hours on Friday, hitting $80.85. The stock had a trading volume of 1,462,768 shares, compared to its average volume of 2,380,782. ONEOK, Inc. has a one year low of $56.19 and a one year high of $83.31. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.48 and a current ratio of 0.70. The company has a market cap of $47.19 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 4.31 and a beta of 1.64. The business’s 50 day moving average is $79.71 and its 200-day moving average is $73.53.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. ONEOK had a net margin of 12.54% and a return on equity of 15.94%. The company had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter in the prior year, the firm earned $2.34 earnings per share. Sell-side analysts anticipate that ONEOK, Inc. will post 4.92 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Tuesday, April 30th. ONEOK’s dividend payout ratio is 92.09%.

Insider Activity at ONEOK

In other ONEOK news, Director Wayne Thomas Smith bought 2,700 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of $75.25 per share, with a total value of $203,175.00. Following the completion of the transaction, the director now owns 2,700 shares in the company, valued at $203,175. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

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.