ONEOK, Inc. (OKE) Position Trimmed by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lowered its stake in ONEOK, Inc. (NYSE:OKE) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,122 shares of the utilities provider’s stock after selling 2,265 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in ONEOK were worth $2,732,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. boosted its holdings in ONEOK by 462.9% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,620 shares in the last quarter. Mercer Capital Advisers Inc. boosted its holdings in ONEOK by 229.8% in the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 1,379 shares in the last quarter. Enterprise Financial Services Corp boosted its holdings in ONEOK by 332.8% in the third quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 1,744 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in ONEOK by 562.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock valued at $147,000 after acquiring an additional 2,322 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in ONEOK in the third quarter valued at $150,000. Institutional investors and hedge funds own 66.24% of the company’s stock.

ONEOK, Inc. (OKE) opened at $56.91 on Monday. ONEOK, Inc. has a 52-week low of $47.14 and a 52-week high of $61.36. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.55 and a quick ratio of 0.41. The firm has a market capitalization of $23,360.20, a PE ratio of 35.57, a price-to-earnings-growth ratio of 1.77 and a beta of 1.26.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, January 29th were given a $0.77 dividend. This is a positive change from ONEOK’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, January 26th. This represents a $3.08 dividend on an annualized basis and a yield of 5.41%. ONEOK’s payout ratio is 192.50%.

OKE has been the subject of several recent research reports. BMO Capital Markets reissued a “buy” rating and set a $64.00 price objective on shares of ONEOK in a research report on Tuesday, January 16th. UBS Group raised their price objective on ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised ONEOK from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Mizuho reissued a “hold” rating and set a $61.00 price objective on shares of ONEOK in a research report on Tuesday, January 23rd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $55.00 price objective on shares of ONEOK in a research report on Friday, November 3rd. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $60.15.

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ONEOK Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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