Sageworth Trust Co Has $295,000 Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Sageworth Trust Co reduced its position in shares of ONEOK, Inc. (NYSE:OKE) by 52.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,936 shares of the utilities provider’s stock after selling 3,300 shares during the period. Sageworth Trust Co’s holdings in ONEOK were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its position in ONEOK by 9.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider’s stock valued at $155,038,000 after acquiring an additional 136,071 shares during the period. Strategic Financial Concepts LLC grew its stake in shares of ONEOK by 10,153.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 494,645 shares of the utilities provider’s stock worth $49,662,000 after purchasing an additional 489,821 shares during the last quarter. Adero Partners LLC acquired a new stake in ONEOK in the fourth quarter valued at $208,000. Bleakley Financial Group LLC raised its position in ONEOK by 4.1% during the 4th quarter. Bleakley Financial Group LLC now owns 12,393 shares of the utilities provider’s stock worth $1,244,000 after purchasing an additional 492 shares during the last quarter. Finally, Centennial Wealth Advisory LLC lifted its holdings in ONEOK by 2.6% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,450 shares of the utilities provider’s stock worth $547,000 after buying an additional 138 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of NYSE:OKE opened at $95.75 on Friday. The stock’s 50 day moving average is $103.28 and its 200-day moving average is $97.41. ONEOK, Inc. has a twelve month low of $68.21 and a twelve month high of $118.07. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $55.94 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 3.69 and a beta of 1.70.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.30%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Monday, February 3rd. ONEOK’s dividend payout ratio (DPR) is 82.85%.

Wall Street Analysts Forecast Growth

OKE has been the subject of several recent research reports. Scotiabank began coverage on ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target on the stock. in a research report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Mizuho upgraded ONEOK to a “hold” rating in a report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.42.

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.