Ibex Wealth Advisors increased its stake in ONEOK, Inc. (NYSE:OKE) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,826 shares of the utilities provider’s stock after purchasing an additional 1,928 shares during the quarter. Ibex Wealth Advisors’ holdings in ONEOK were worth $2,797,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in ONEOK by 11.9% in the 1st quarter. BlackRock Inc. now owns 33,352,781 shares of the utilities provider’s stock worth $1,898,440,000 after purchasing an additional 3,549,791 shares during the period. Kayne Anderson Capital Advisors LP raised its holdings in ONEOK by 9.4% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 10,384,905 shares of the utilities provider’s stock worth $591,089,000 after purchasing an additional 888,500 shares during the period. Neuberger Berman Group LLC raised its holdings in ONEOK by 7.9% in the 1st quarter. Neuberger Berman Group LLC now owns 8,797,562 shares of the utilities provider’s stock worth $500,806,000 after purchasing an additional 641,764 shares during the period. Summit Trail Advisors LLC raised its holdings in ONEOK by 6,007.8% in the 1st quarter. Summit Trail Advisors LLC now owns 4,703,755 shares of the utilities provider’s stock worth $4,704,000 after purchasing an additional 4,626,743 shares during the period. Finally, Northern Trust Corp raised its holdings in ONEOK by 3.9% in the 1st quarter. Northern Trust Corp now owns 4,453,737 shares of the utilities provider’s stock worth $253,508,000 after purchasing an additional 167,006 shares during the period. 73.73% of the stock is currently owned by institutional investors.
OKE has been the topic of a number of recent research reports. TheStreet raised ONEOK from a “c+” rating to a “b-” rating in a report on Tuesday, April 10th. Zacks Investment Research cut ONEOK from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Stifel Nicolaus raised their price target on ONEOK from $61.00 to $62.00 and gave the company a “hold” rating in a report on Thursday, May 3rd. Robert W. Baird set a $55.00 price target on ONEOK and gave the company a “hold” rating in a report on Wednesday, February 28th. Finally, Barclays decreased their price target on ONEOK from $67.00 to $66.00 and set an “overweight” rating on the stock in a report on Tuesday, April 17th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $61.86.
Shares of ONEOK stock traded down $0.68 during trading on Thursday, reaching $69.39. 10,904 shares of the stock traded hands, compared to its average volume of 2,244,820. The firm has a market cap of $28.28 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 2.76 and a beta of 1.27. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 1.03. ONEOK, Inc. has a 52-week low of $47.15 and a 52-week high of $70.31.
ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, May 1st. The utilities provider reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.49 billion. ONEOK had a return on equity of 11.95% and a net margin of 4.51%. During the same quarter last year, the business posted $0.41 earnings per share. equities analysts expect that ONEOK, Inc. will post 2.62 EPS for the current fiscal year.
In other news, Director Eduardo A. Rodriguez sold 2,100 shares of the firm’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $56.94, for a total transaction of $119,574.00. Following the completion of the transaction, the director now owns 16,025 shares in the company, valued at $912,463.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.
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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