Crewe Advisors LLC Has $123,000 Stake in ONEOK, Inc. (NYSE:OKE)

Crewe Advisors LLC cut its stake in ONEOK, Inc. (NYSE:OKE) by 39.1% in the third quarter, Holdings Channel.com reports. The firm owned 1,352 shares of the utilities provider’s stock after selling 867 shares during the quarter. Crewe Advisors LLC’s holdings in ONEOK were worth $123,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of ONEOK during the second quarter worth about $28,000. Matrix Trust Co bought a new stake in ONEOK in the 3rd quarter valued at approximately $29,000. Ridgewood Investments LLC acquired a new position in ONEOK during the 2nd quarter worth approximately $31,000. Access Investment Management LLC bought a new position in shares of ONEOK during the 3rd quarter worth approximately $37,000. Finally, Values First Advisors Inc. bought a new stake in shares of ONEOK in the third quarter worth $44,000. Institutional investors own 69.13% of the company’s stock.

Insider Activity at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of ONEOK stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

ONEOK Price Performance

NYSE:OKE opened at $117.05 on Friday. The firm’s fifty day moving average price is $98.87 and its two-hundred day moving average price is $88.93. 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 company has a market cap of $68.38 billion, a P/E ratio of 24.49, a P/E/G ratio of 5.82 and a beta of 1.66. ONEOK, Inc. has a one year low of $65.49 and a one year high of $118.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter last year, the company posted $0.99 EPS. Equities analysts expect that ONEOK, Inc. will post 5.15 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a yield of 3.38%. ONEOK’s payout ratio is currently 82.85%.

Wall Street Analyst Weigh In

OKE has been the subject of a number of analyst reports. Citigroup raised their target price on shares of ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. UBS Group lifted their target price on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Scotiabank upped their target price on ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a report on Friday, August 30th. Barclays raised their price target on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Mizuho upgraded ONEOK to a “hold” rating in a research note on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $100.38.

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.