TD Waterhouse Canada Inc. Sells 1,642 Shares of ONEOK, Inc. (NYSE:OKE)

TD Waterhouse Canada Inc. reduced its position in ONEOK, Inc. (NYSE:OKE) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,388 shares of the utilities provider’s stock after selling 1,642 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in ONEOK were worth $943,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kieckhefer Group LLC bought a new stake in ONEOK in the fourth quarter valued at about $30,000. Canton Hathaway LLC bought a new position in shares of ONEOK during the 4th quarter worth approximately $40,000. J.Safra Asset Management Corp bought a new stake in ONEOK in the fourth quarter valued at $48,000. VSM Wealth Advisory LLC bought a new position in shares of ONEOK during the fourth quarter valued at $50,000. Finally, OFI Invest Asset Management acquired a new stake in shares of ONEOK in the 4th quarter valued at $51,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 1.9 %

Shares of NYSE OKE opened at $86.26 on Friday. The company’s 50 day simple moving average is $92.28 and its 200 day simple moving average is $99.04. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The firm has a market capitalization of $53.88 billion, a P/E ratio of 18.05, a P/E/G ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a fifty-two week low of $75.48 and a fifty-two week high of $118.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. On average, analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 4.78%. ONEOK’s dividend payout ratio (DPR) is presently 79.69%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on OKE shares. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Monday, February 10th. Scotiabank cut their price objective on ONEOK from $109.00 to $102.00 and set a “sector outperform” rating for the company in a research report on Thursday, March 6th. Citigroup began coverage on ONEOK in a research note on Friday, February 28th. They issued a “buy” rating and a $110.00 target price for the company. Finally, Wells Fargo & Company reduced their price target on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.42.

ONEOK 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.