Landscape Capital Management L.L.C. Has $831,000 Position in ONEOK, Inc. (NYSE:OKE)

Landscape Capital Management L.L.C. decreased its stake in ONEOK, Inc. (NYSE:OKE) by 47.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,121 shares of the utilities provider’s stock after selling 8,198 shares during the period. Landscape Capital Management L.L.C.’s holdings in ONEOK were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in OKE. Matrix Trust Co acquired a new stake in ONEOK during the 3rd quarter valued at approximately $29,000. Quest Partners LLC acquired a new stake in shares of ONEOK during the second quarter worth $28,000. Ridgewood Investments LLC bought a new position in ONEOK during the second quarter worth $31,000. Access Investment Management LLC acquired a new position in ONEOK in the third quarter valued at $37,000. Finally, Values First Advisors Inc. bought a new stake in ONEOK during the third quarter valued at $44,000. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Up 0.2 %

OKE stock opened at $117.04 on Friday. The firm has a market capitalization of $68.37 billion, a PE ratio of 24.49, a P/E/G ratio of 5.64 and a beta of 1.66. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a twelve month low of $65.49 and a twelve month high of $118.07. The stock’s 50 day moving average is $98.87 and its 200-day moving average is $88.86.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. Sell-side analysts expect that ONEOK, Inc. will post 5.15 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Friday, November 1st. ONEOK’s payout ratio is 82.85%.

Insider Buying and Selling at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OKE. UBS Group boosted their price objective on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America began coverage on ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. Scotiabank raised their price objective on shares of ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their target price on shares of ONEOK from $100.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and an average price target of $100.38.

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.