ONEOK, Inc. (OKE) Position Lessened by SG Americas Securities LLC
SG Americas Securities LLC reduced its position in shares of ONEOK, Inc. (NYSE:OKE) by 98.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,484 shares of the utilities provider’s stock after selling 414,538 shares during the period. SG Americas Securities LLC’s holdings in ONEOK were worth $359,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stephens Inc. AR boosted its holdings in shares of ONEOK by 0.4% during the 2nd quarter. Stephens Inc. AR now owns 15,430 shares of the utilities provider’s stock worth $805,000 after buying an additional 58 shares during the period. Utah Retirement Systems boosted its holdings in shares of ONEOK by 0.3% during the 2nd quarter. Utah Retirement Systems now owns 38,294 shares of the utilities provider’s stock worth $1,997,000 after buying an additional 100 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in shares of ONEOK by 0.9% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 13,155 shares of the utilities provider’s stock worth $686,000 after buying an additional 111 shares during the period. Checchi Capital Advisers LLC boosted its holdings in shares of ONEOK by 4.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 4,620 shares of the utilities provider’s stock worth $241,000 after buying an additional 177 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of ONEOK by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 4,232 shares of the utilities provider’s stock worth $221,000 after buying an additional 319 shares during the period. 71.02% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on OKE shares. Barclays started coverage on shares of ONEOK in a report on Tuesday, September 5th. They set an “equal weight” rating and a $58.00 price objective for the company. Zacks Investment Research downgraded shares of ONEOK from a “buy” rating to a “sell” rating in a report on Tuesday, October 31st. Jefferies Group reissued a “hold” rating and issued a $52.00 price target (up from $51.00) on shares of ONEOK in a report on Friday, September 1st. Mizuho assumed coverage on shares of ONEOK in a report on Tuesday, October 10th. They issued a “neutral” rating and a $59.00 price target for the company. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $58.00 price target on shares of ONEOK in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $59.07.
Shares of ONEOK, Inc. (NYSE OKE) opened at $52.16 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47. ONEOK, Inc. has a 1-year low of $47.14 and a 1-year high of $59.47. The firm has a market cap of $20,222.45, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 3.38 and a beta of 1.26.
ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.80 billion. ONEOK had a net margin of 3.76% and a return on equity of 9.25%. During the same period last year, the company earned $0.43 earnings per share. equities research analysts predict that ONEOK, Inc. will post 1.73 earnings per share for the current year.
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ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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