ONEOK, Inc. (NYSE:OKE) Shares Sold by Oak Thistle LLC

Oak Thistle LLC cut its position in shares of ONEOK, Inc. (NYSE:OKE) by 27.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,922 shares of the utilities provider’s stock after selling 4,047 shares during the quarter. Oak Thistle LLC’s holdings in ONEOK were worth $1,097,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. SeaCrest Wealth Management LLC raised its holdings in shares of ONEOK by 4.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,292 shares of the utilities provider’s stock worth $832,000 after purchasing an additional 389 shares in the last quarter. Quantum Financial Advisors LLC bought a new stake in ONEOK during the fourth quarter worth approximately $215,000. Marcum Wealth LLC grew its position in ONEOK by 2.0% in the fourth quarter. Marcum Wealth LLC now owns 10,142 shares of the utilities provider’s stock worth $1,018,000 after buying an additional 195 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in shares of ONEOK by 14,279.1% in the fourth quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider’s stock valued at $2,208,000 after buying an additional 21,847 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its position in shares of ONEOK by 10.3% during the 4th quarter. AdvisorNet Financial Inc now owns 29,757 shares of the utilities provider’s stock valued at $2,988,000 after acquiring an additional 2,784 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America began coverage on ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 target price on the stock. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective on the stock. 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 company a “buy” rating in a research note on Friday, November 15th. US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, Scotiabank initiated coverage on shares of ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.54.

ONEOK Trading Up 0.7 %

Shares of NYSE:OKE opened at $106.83 on Thursday. The firm has a fifty day moving average of $105.95 and a two-hundred day moving average of $95.28. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07. The firm has a market capitalization of $62.41 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 5.24 and a beta of 1.70.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period in the previous year, the business posted $0.99 EPS. On average, equities analysts expect that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Profile

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.