ONEOK, Inc. (NYSE:OKE) Holdings Raised by Evercore Wealth Management LLC

Evercore Wealth Management LLC increased its stake in ONEOK, Inc. (NYSE:OKE) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,739 shares of the utilities provider’s stock after purchasing an additional 422 shares during the quarter. Evercore Wealth Management LLC’s holdings in ONEOK were worth $275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in shares of ONEOK in the 3rd quarter worth approximately $346,000. Barclays PLC raised its holdings in ONEOK by 16.1% during the third quarter. Barclays PLC now owns 1,888,864 shares of the utilities provider’s stock worth $172,131,000 after purchasing an additional 262,486 shares in the last quarter. Virtu Financial LLC acquired a new stake in ONEOK in the third quarter worth approximately $2,258,000. Fulcrum Equity Management boosted its stake in ONEOK by 1.1% during the 3rd quarter. Fulcrum Equity Management now owns 46,681 shares of the utilities provider’s stock valued at $4,254,000 after purchasing an additional 526 shares in the last quarter. Finally, World Investment Advisors LLC increased its position in shares of ONEOK by 154.1% during the 3rd quarter. World Investment Advisors LLC now owns 10,522 shares of the utilities provider’s stock valued at $959,000 after purchasing an additional 6,381 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 0.8 %

Shares of ONEOK stock opened at $84.70 on Thursday. ONEOK, Inc. has a 1 year low of $75.48 and a 1 year high of $118.07. The company has a market cap of $52.91 billion, a P/E ratio of 17.72, a P/E/G ratio of 3.77 and a beta of 1.20. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock has a 50-day moving average price of $92.51 and a 200 day moving average price of $99.10.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.11. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $7 billion during the quarter, compared to analyst estimates of $6.18 billion. As a group, analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OKE shares. Barclays cut their price objective on ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Scotiabank lowered their price objective on shares of ONEOK from $109.00 to $102.00 and set a “sector outperform” rating on the stock in a research note on Thursday, March 6th. Wells Fargo & Company cut their target price on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Morgan Stanley lifted their price target on shares of ONEOK from $111.00 to $133.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Finally, Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $106.42.

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.