Fort Washington Investment Advisors Inc. OH Sells 21,255 Shares of ONEOK, Inc. (NYSE:OKE)

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of ONEOK, Inc. (NYSE:OKE) by 37.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,110 shares of the utilities provider’s stock after selling 21,255 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in ONEOK were worth $3,625,000 at the end of the most recent quarter.

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

ONEOK Trading Down 1.3 %

OKE opened at $104.91 on Friday. The stock has a market capitalization of $61.29 billion, a P/E ratio of 21.95, a P/E/G ratio of 4.16 and a beta of 1.70. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The firm’s fifty day simple moving average is $106.17 and its 200 day simple moving average is $96.28. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last posted 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 the consensus estimate of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the prior year, the firm posted $0.99 earnings per share. As a group, research analysts anticipate that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is 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 yield of 3.93%. ONEOK’s payout ratio is 82.85%.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of recent research reports. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. in a research note on Wednesday, December 18th. Barclays raised their price objective on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Mizuho raised shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their target price on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Finally, US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.92.

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.