Claybrook Capital LLC acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the fourth quarter, Holdings Channel reports. The firm acquired 691 shares of the utilities provider’s stock, valued at approximately $37,000.
Other institutional investors have also bought and sold shares of the company. Reilly Financial Advisors LLC increased its position in shares of ONEOK by 142.4% in the fourth quarter. Reilly Financial Advisors LLC now owns 497 shares of the utilities provider’s stock valued at $27,000 after buying an additional 292 shares in the last quarter. PRW Wealth Management LLC purchased a new stake in shares of ONEOK in the fourth quarter valued at approximately $27,000. Oakworth Capital Inc. increased its position in shares of ONEOK by 2,664.0% in the fourth quarter. Oakworth Capital Inc. now owns 691 shares of the utilities provider’s stock valued at $38,000 after buying an additional 666 shares in the last quarter. ERTS Wealth Advisors LLC purchased a new stake in shares of ONEOK in the fourth quarter valued at approximately $39,000. Finally, Bremer Trust National Association purchased a new stake in shares of ONEOK in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 74.84% of the company’s stock.
Shares of NYSE:OKE opened at $66.85 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $27.52 billion, a PE ratio of 24.05, a PEG ratio of 1.97 and a beta of 1.22. ONEOK, Inc. has a 1 year low of $50.26 and a 1 year high of $71.99.
ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, February 25th. The utilities provider reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). ONEOK had a return on equity of 17.10% and a net margin of 9.14%. During the same period last year, the business posted $0.53 EPS. Research analysts anticipate that ONEOK, Inc. will post 2.95 EPS for the current fiscal year.
A number of analysts have recently commented on OKE shares. SunTrust Banks started coverage on ONEOK in a research report on Friday, January 18th. They issued a “buy” rating and a $72.00 price objective for the company. Evercore ISI started coverage on ONEOK in a research report on Tuesday, February 5th. They issued a $68.00 price objective for the company. Barclays set a $66.00 price objective on ONEOK and gave the company a “hold” rating in a research report on Wednesday, January 16th. US Capital Advisors restated a “buy” rating on shares of ONEOK in a research report on Wednesday, January 16th. Finally, JPMorgan Chase & Co. upgraded ONEOK from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $75.00 to $74.00 in a research report on Tuesday, January 8th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $71.11.
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.
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