Private Vista LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,304 shares of the utilities provider’s stock, valued at approximately $359,000.
Other hedge funds also recently made changes to their positions in the company. Private Capital Group LLC raised its holdings in ONEOK by 12,150.0% in the first quarter. Private Capital Group LLC now owns 2,205 shares of the utilities provider’s stock valued at $126,000 after buying an additional 2,187 shares during the period. Delpha Capital Management LLC purchased a new position in ONEOK in the fourth quarter valued at approximately $134,000. SWS Partners purchased a new position in ONEOK in the first quarter valued at approximately $138,000. Tower Research Capital LLC TRC raised its stake in shares of ONEOK by 562.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 2,322 shares during the period. Finally, Archford Capital Strategies LLC purchased a new stake in shares of ONEOK during the first quarter valued at approximately $148,000. Institutional investors and hedge funds own 73.73% of the company’s stock.
OKE has been the topic of a number of analyst reports. TheStreet upgraded shares of ONEOK from a “c+” rating to a “b-” rating in a research note on Tuesday, April 10th. Jefferies Financial Group upgraded shares of ONEOK from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. Zacks Investment Research upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday, March 14th. BMO Capital Markets set a $68.00 price objective on shares of ONEOK and gave the company a “buy” rating in a research note on Thursday, March 8th. Finally, UBS Group reiterated a “buy” rating and set a $72.00 price objective (up previously from $70.00) on shares of ONEOK in a research note on Friday, March 2nd. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. ONEOK currently has a consensus rating of “Hold” and an average price target of $61.86.
OKE stock opened at $68.78 on Friday. ONEOK, Inc. has a twelve month low of $47.37 and a twelve month high of $70.31. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.63 and a quick ratio of 0.49. The company has a market cap of $28.80 billion, a PE ratio of 39.08, a P/E/G ratio of 2.81 and a beta of 1.27.
ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, May 1st. The utilities provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.49 billion. ONEOK had a net margin of 4.51% and a return on equity of 11.95%. During the same quarter in the previous year, the company posted $0.41 earnings per share. analysts anticipate that ONEOK, Inc. will post 2.63 EPS for the current year.
In other ONEOK news, Director Eduardo A. Rodriguez sold 2,100 shares of ONEOK stock in a transaction on Monday, March 26th. The shares were sold at an average price of $56.94, for a total value of $119,574.00. Following the completion of the transaction, the director now owns 16,025 shares of the company’s stock, valued at $912,463.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.
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: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.