ONEOK (NYSE:OKE) had its target price trimmed by Stifel Nicolaus from $38.00 to $36.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the utilities provider’s stock.

A number of other analysts have also recently weighed in on the company. Royal Bank of Canada increased their price objective on ONEOK from $31.00 to $33.00 and gave the stock a sector perform rating in a research report on Thursday. SunTrust Banks decreased their price objective on ONEOK from $40.00 to $35.00 and set a buy rating for the company in a research report on Thursday, April 30th. Goldman Sachs Group downgraded ONEOK from a buy rating to a neutral rating and set a $36.00 target price for the company. in a research note on Monday, April 20th. Jefferies Financial Group downgraded ONEOK from a buy rating to a hold rating and set a $32.00 target price for the company. in a research note on Thursday, April 30th. Finally, Morgan Stanley cut their target price on ONEOK from $29.00 to $27.00 and set an underweight rating for the company in a research note on Monday, June 15th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. ONEOK currently has a consensus rating of Hold and a consensus price target of $43.35.

Shares of NYSE OKE traded down $0.19 during trading hours on Thursday, reaching $27.91. The stock had a trading volume of 7,232,421 shares, compared to its average volume of 6,117,282. ONEOK has a fifty-two week low of $12.16 and a fifty-two week high of $78.48. The firm has a 50-day moving average of $31.00 and a 200-day moving average of $43.17. The company has a current ratio of 1.71, a quick ratio of 1.01 and a debt-to-equity ratio of 2.30. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.78 and a beta of 2.19.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.19). ONEOK had a return on equity of 18.28% and a net margin of 7.13%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The firm’s revenue was down 32.4% compared to the same quarter last year. On average, equities analysts predict that ONEOK will post 2.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a $0.935 dividend. This represents a $3.74 annualized dividend and a yield of 13.40%. The ex-dividend date of this dividend is Friday, July 31st. ONEOK’s payout ratio is currently 121.82%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verus Capital Partners LLC acquired a new stake in ONEOK during the 4th quarter valued at $30,000. Flagship Harbor Advisors LLC grew its holdings in ONEOK by 224.9% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,436 shares of the utilities provider’s stock valued at $31,000 after buying an additional 994 shares during the last quarter. Carroll Financial Associates Inc. grew its holdings in ONEOK by 445.4% during the 2nd quarter. Carroll Financial Associates Inc. now owns 949 shares of the utilities provider’s stock valued at $31,000 after buying an additional 775 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in ONEOK by 31.5% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,531 shares of the utilities provider’s stock valued at $33,000 after buying an additional 367 shares during the last quarter. Finally, New England Investment & Retirement Group Inc. acquired a new stake in ONEOK during the 1st quarter valued at $39,000. 64.75% of the stock is owned by hedge funds and other institutional investors.

About ONEOK

ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

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Analyst Recommendations for ONEOK (NYSE:OKE)

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