2,219 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by Crewe Advisors LLC

Crewe Advisors LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,219 shares of the utilities provider’s stock, valued at approximately $178,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in ONEOK during the first quarter worth about $25,000. LifeSteps Financial Inc. purchased a new position in ONEOK during the first quarter worth about $26,000. HHM Wealth Advisors LLC purchased a new position in ONEOK during the fourth quarter worth about $32,000. American National Bank purchased a new position in ONEOK during the first quarter worth about $32,000. Finally, Security National Bank purchased a new position in ONEOK during the fourth quarter worth about $35,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OKE shares. JPMorgan Chase & Co. increased their target price on shares of ONEOK from $89.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 26th. StockNews.com raised shares of ONEOK from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Tudor Pickering raised shares of ONEOK to a “hold” rating in a research note on Thursday, July 18th. Wells Fargo & Company raised their price objective on shares of ONEOK from $81.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus raised their target price on shares of ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, ONEOK has an average rating of “Hold” and a consensus target price of $84.50.

ONEOK Stock Down 0.9 %

OKE stock traded down $0.71 during midday trading on Thursday, reaching $81.45. 2,640,407 shares of the company were exchanged, compared to its average volume of 2,762,215. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.48 and a current ratio of 0.70. ONEOK, Inc. has a 1-year low of $60.58 and a 1-year high of $86.20. The stock’s 50-day simple moving average is $81.40 and its 200 day simple moving average is $77.52. The company has a market cap of $47.54 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 4.40 and a beta of 1.65.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.84 billion. During the same quarter last year, the company earned $2.34 earnings per share. On average, equities analysts forecast that ONEOK, Inc. will post 5.01 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $3.96 dividend on an annualized basis and a yield of 4.86%. ONEOK’s payout ratio is currently 92.09%.

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.