ONEOK, Inc. (NYSE:OKE) Shares Sold by Del Sette Capital Management LLC

Del Sette Capital Management LLC decreased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,649 shares of the utilities provider’s stock after selling 3,962 shares during the period. ONEOK accounts for 1.8% of Del Sette Capital Management LLC’s portfolio, making the stock its 19th largest position. Del Sette Capital Management LLC’s holdings in ONEOK were worth $2,174,000 as of its most recent filing with the SEC.

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

ONEOK Stock Down 1.2 %

OKE stock opened at $99.45 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm has a 50 day simple moving average of $98.94 and a 200-day simple moving average of $99.86. The company has a market capitalization of $62.09 billion, a P/E ratio of 20.81, a PEG ratio of 3.77 and a beta of 1.70. ONEOK, Inc. has a twelve month low of $76.23 and a twelve month high of $118.07.

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

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date was Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is currently 79.69%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OKE shares. Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Monday, February 10th. Barclays cut their target price on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. US Capital Advisors raised shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Truist Financial raised their price objective on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company decreased their target price on ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.31.

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.