ONEOK, Inc. (NYSE:OKE) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC increased its holdings in shares of ONEOK, Inc. (NYSE:OKEFree Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,602 shares of the utilities provider’s stock after purchasing an additional 709 shares during the period. Park Avenue Securities LLC’s holdings in ONEOK were worth $763,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OKE. Matrix Trust Co purchased a new position in ONEOK during the 3rd quarter valued at about $29,000. Kieckhefer Group LLC acquired a new stake in shares of ONEOK in the fourth quarter worth approximately $30,000. Access Investment Management LLC acquired a new position in ONEOK during the third quarter valued at approximately $37,000. Values First Advisors Inc. acquired a new position in ONEOK during the third quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC lifted its position in ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of OKE opened at $109.84 on Wednesday. The stock has a market cap of $64.17 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 4.66 and a beta of 1.70. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock’s 50-day moving average price is $106.17 and its two-hundred day moving average price is $96.02. ONEOK, Inc. has a 1 year low of $67.05 and a 1 year high of $118.07.

ONEOK (NYSE:OKEGet Free Report) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The firm 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 period in the prior year, the business posted $0.99 EPS. On average, equities analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OKE. Royal Bank of Canada lifted their price objective on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a report on Wednesday, December 18th. UBS Group upped their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Scotiabank assumed coverage on ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price objective on the stock. Finally, US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and a consensus target price of $102.92.

Check Out Our Latest Research Report on ONEOK

ONEOK Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding OKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONEOK, Inc. (NYSE:OKEFree Report).

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

Receive News & Ratings for ONEOK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK and related companies with MarketBeat.com's FREE daily email newsletter.