Hoylecohen LLC acquired a new position in shares of ONEOK (NYSE:OKE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 152,456 shares of the utilities provider’s stock, valued at approximately $8,149,000. ONEOK accounts for about 1.6% of Hoylecohen LLC’s holdings, making the stock its 22nd largest holding.
Other hedge funds have also recently bought and sold shares of the company. Delpha Capital Management LLC bought a new stake in ONEOK during the fourth quarter worth about $134,000. Tower Research Capital LLC TRC raised its holdings in ONEOK by 562.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock worth $147,000 after acquiring an additional 2,322 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in ONEOK during the third quarter worth about $150,000. Sun Life Financial INC raised its holdings in ONEOK by 82.1% during the third quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock worth $155,000 after acquiring an additional 1,261 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in ONEOK during the third quarter worth about $169,000. 68.47% of the stock is owned by institutional investors.
Several analysts recently issued reports on OKE shares. Zacks Investment Research upgraded ONEOK from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Royal Bank of Canada upgraded ONEOK from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 16th. TheStreet lowered ONEOK from a “b” rating to a “c+” rating in a research note on Monday, February 26th. Bank of America began coverage on ONEOK in a research note on Tuesday, January 9th. They issued a “neutral” rating on the stock. Finally, Barclays upgraded ONEOK from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $58.00 to $67.00 in a research note on Wednesday, January 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $61.29.
In related news, VP Sheppard F. Miers III sold 2,200 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $56.70, for a total transaction of $124,740.00. Following the sale, the vice president now owns 31,244 shares of the company’s stock, valued at $1,771,534.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eduardo A. Rodriguez sold 2,100 shares of the stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $56.94, for a total value of $119,574.00. Following the sale, the director now directly owns 16,025 shares in the company, valued at approximately $912,463.50. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Shares of NYSE OKE opened at $56.69 on Friday. The company has a market cap of $23,209.05, a PE ratio of 32.21, a PEG ratio of 2.31 and a beta of 1.22. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.50 and a current ratio of 0.66. ONEOK has a 1-year low of $47.14 and a 1-year high of $61.36.
ONEOK (NYSE:OKE) last announced its earnings results on Monday, February 26th. The utilities provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $4.10 billion. ONEOK had a return on equity of 10.46% and a net margin of 3.19%. During the same quarter last year, the company earned $0.43 earnings per share. equities research analysts predict that ONEOK will post 2.57 earnings per share for the current year.
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ONEOK Company Profile
ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.
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