UMB Bank n.a. Trims Holdings in ONEOK, Inc. (NYSE:OKE)

UMB Bank n.a. cut its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,021 shares of the utilities provider’s stock after selling 1,248 shares during the period. UMB Bank n.a.’s holdings in ONEOK were worth $705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OKE. International Assets Investment Management LLC boosted its stake in shares of ONEOK by 9,439.9% during the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock valued at $294,440,000 after purchasing an additional 3,197,121 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in ONEOK by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock valued at $1,593,023,000 after acquiring an additional 661,854 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of ONEOK during the 3rd quarter worth approximately $47,957,000. Yaupon Capital Management LP bought a new position in shares of ONEOK in the 3rd quarter worth approximately $45,194,000. Finally, National Bank of Canada FI lifted its stake in shares of ONEOK by 199.9% in the 3rd quarter. National Bank of Canada FI now owns 697,985 shares of the utilities provider’s stock valued at $63,605,000 after purchasing an additional 465,243 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 0.8 %

OKE stock opened at $109.84 on Wednesday. The company has a market cap of $64.17 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 4.66 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The business’s 50-day moving average is $106.17 and its two-hundred day moving average is $96.02. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $118.07.

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 quarter last year, the company earned $0.99 EPS. As a group, analysts forecast that ONEOK, Inc. will post 5.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OKE has been the subject of several recent research reports. US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Bank of America started coverage on shares of ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 price target for the company. Royal Bank of Canada upped their price objective 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. Barclays lifted their target price on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Scotiabank initiated coverage on ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $102.92.

ONEOK Company 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.