Retirement Investment Advisors Inc. Sells 152 Shares of ONEOK, Inc. (NYSE:OKE)

Retirement Investment Advisors Inc. lowered its stake in ONEOK, Inc. (NYSE:OKE) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,336 shares of the utilities provider’s stock after selling 152 shares during the quarter. ONEOK comprises 0.2% of Retirement Investment Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding. Retirement Investment Advisors Inc.’s holdings in ONEOK were worth $1,439,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in ONEOK in the fourth quarter valued at $539,554,000. Raymond James Financial Inc. bought a new stake in ONEOK in the 4th quarter valued at about $182,694,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in ONEOK by 445.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,526,899 shares of the utilities provider’s stock worth $153,319,000 after buying an additional 1,246,963 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in ONEOK by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider’s stock worth $1,848,844,000 after acquiring an additional 934,007 shares in the last quarter. Finally, GQG Partners LLC boosted its holdings in ONEOK by 217.2% in the fourth quarter. GQG Partners LLC now owns 1,235,012 shares of the utilities provider’s stock worth $123,995,000 after acquiring an additional 845,715 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Down 0.2 %

OKE opened at $98.47 on Friday. The company’s 50-day moving average price is $98.32 and its two-hundred day moving average price is $100.17. ONEOK, Inc. has a twelve month low of $76.23 and a twelve month high of $118.07. The stock has a market cap of $61.48 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 3.77 and a beta of 1.70. 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 (NYSE:OKE) last announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.18 billion. As a group, equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $1.03 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 4.18%. ONEOK’s payout ratio is 79.69%.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of research reports. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Monday, February 10th. Citigroup assumed coverage on shares of ONEOK in a report on Friday, February 28th. They set a “buy” rating and a $110.00 price objective for the company. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Barclays cut their price target on ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a research note on Friday, March 7th. Finally, Scotiabank lowered their price objective on ONEOK from $109.00 to $102.00 and set a “sector outperform” rating for the company in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ONEOK presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.00.

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.