Cetera Advisors LLC lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 116.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,186 shares of the utilities provider’s stock after purchasing an additional 4,947 shares during the period. Cetera Advisors LLC’s holdings in ONEOK were worth $508,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Ropes Wealth Advisors LLC bought a new stake in shares of ONEOK during the second quarter worth $103,000. Winslow Evans & Crocker Inc. grew its holdings in shares of ONEOK by 462.9% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 1,620 shares during the last quarter. Mercer Capital Advisers Inc. grew its holdings in shares of ONEOK by 229.8% during the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 1,379 shares during the last quarter. Enterprise Financial Services Corp grew its holdings in shares of ONEOK by 332.8% during the third quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 1,744 shares during the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of ONEOK during the third quarter worth $150,000. Institutional investors own 71.02% of the company’s stock.
In related news, Director Brian L. Derksen bought 1,800 shares of the business’s stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $51.00 per share, with a total value of $91,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
Shares of ONEOK, Inc. (NYSE OKE) traded down $0.48 on Friday, hitting $52.74. The stock had a trading volume of 2,280,200 shares, compared to its average volume of 3,207,960. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47. ONEOK, Inc. has a twelve month low of $47.14 and a twelve month high of $59.47. The firm has a market capitalization of $20,406.50, a price-to-earnings ratio of 33.26, a PEG ratio of 3.41 and a beta of 1.26.
ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). ONEOK had a net margin of 3.76% and a return on equity of 9.25%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the company posted $0.43 EPS. equities analysts predict that ONEOK, Inc. will post 1.73 EPS for the current fiscal year.
Several brokerages have recently commented on OKE. Zacks Investment Research cut ONEOK from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $55.00 price target on shares of ONEOK in a research note on Friday, November 3rd. UBS upped their price target on ONEOK from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. BMO Capital Markets set a $62.00 price target on ONEOK and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Mizuho assumed coverage on ONEOK in a research note on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $59.07.
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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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