Bartlett & CO. Wealth Management LLC Sells 333 Shares of ONEOK, Inc. (NYSE:OKE)

Bartlett & CO. Wealth Management LLC trimmed its position in shares of ONEOK, Inc. (NYSE:OKE) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,430 shares of the utilities provider’s stock after selling 333 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in ONEOK were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Matrix Trust Co bought a new position in shares of ONEOK in the third quarter worth $29,000. Kieckhefer Group LLC bought a new position in shares of ONEOK in the fourth quarter worth $30,000. Access Investment Management LLC bought a new position in shares of ONEOK in the third quarter worth $37,000. Values First Advisors Inc. bought a new position in shares of ONEOK in the third quarter worth $44,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of ONEOK by 37.4% in the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 135 shares during the period. 69.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on OKE shares. Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. Bank of America began coverage on ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price objective on the stock. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. in a research report on Wednesday, December 18th. Truist Financial increased their price objective on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Finally, UBS Group increased their price objective on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK Trading Down 0.5 %

NYSE OKE opened at $104.42 on Friday. The company has a market capitalization of $61.00 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 4.03 and a beta of 1.70. The stock’s 50-day simple moving average is $106.11 and its two-hundred day simple moving average is $96.34. 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 $67.05 and a twelve month high of $118.07.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the prior year, the firm posted $0.99 EPS. Research analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $1.03 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $4.12 annualized dividend and a dividend yield of 3.95%. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s payout ratio is currently 82.85%.

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.