Aaron Wealth Advisors LLC Buys 406 Shares of ONEOK, Inc. (NYSE:OKE)

Aaron Wealth Advisors LLC raised its stake in ONEOK, Inc. (NYSE:OKE) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,495 shares of the utilities provider’s stock after purchasing an additional 406 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in ONEOK were worth $451,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Matrix Trust Co acquired a new stake in ONEOK in the third quarter valued at $29,000. Kieckhefer Group LLC acquired a new position in shares of ONEOK during the 4th quarter worth about $30,000. Access Investment Management LLC acquired a new stake in ONEOK in the 3rd quarter valued at about $37,000. Values First Advisors Inc. acquired a new stake in ONEOK in the 3rd quarter valued at about $44,000. Finally, Fortitude Family Office LLC grew its holdings in ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Up 0.4 %

Shares of OKE stock opened at $109.08 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $63.72 billion, a P/E ratio of 22.82, a P/E/G ratio of 4.35 and a beta of 1.70. ONEOK, Inc. has a twelve month low of $67.05 and a twelve month high of $118.07. The stock’s fifty day simple moving average is $106.17 and its 200 day simple moving average is $95.74.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period in the prior year, the firm earned $0.99 EPS. As a group, sell-side analysts predict that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on OKE shares. UBS Group raised their price objective on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays lifted their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Scotiabank began coverage on shares of ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Finally, US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.92.

About ONEOK

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.