Brown Advisory Inc. Acquires 9,118 Shares of ONEOK, Inc. (OKE)
Brown Advisory Inc. lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 44.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,629 shares of the utilities provider’s stock after acquiring an additional 9,118 shares during the quarter. Brown Advisory Inc.’s holdings in ONEOK were worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of OKE. Captrust Financial Advisors raised its stake in shares of ONEOK by 2,046.8% in the 3rd quarter. Captrust Financial Advisors now owns 32,932 shares of the utilities provider’s stock valued at $2,232,000 after purchasing an additional 31,398 shares in the last quarter. Wambolt & Associates LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at about $1,476,000. Eaton Vance Management acquired a new stake in shares of ONEOK in the 3rd quarter valued at about $1,074,000. Kentucky Retirement Systems acquired a new stake in shares of ONEOK in the 3rd quarter valued at about $1,059,000. Finally, WESPAC Advisors LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at about $2,428,000. Institutional investors and hedge funds own 74.67% of the company’s stock.
In other ONEOK news, Director Eduardo A. Rodriguez sold 1,500 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $66.75, for a total value of $100,125.00. Following the completion of the transaction, the director now owns 15,536 shares in the company, valued at approximately $1,037,028. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by corporate insiders.
ONEOK (NYSE:OKE) last posted its earnings results on Monday, February 25th. The utilities provider reported $0.70 EPS for the quarter, missing the 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 quarter in the prior year, the firm posted $0.53 earnings per share. On average, equities analysts expect that ONEOK, Inc. will post 2.95 earnings per share for the current fiscal year.
OKE has been the topic of a number of recent analyst reports. SunTrust Banks initiated coverage on shares of ONEOK in a research note on Friday, January 18th. They issued a “buy” rating and a $72.00 target price on the stock. Evercore ISI initiated coverage on shares of ONEOK in a research note on Tuesday, February 5th. They issued a $68.00 target price on the stock. Barclays set a $66.00 target price on shares of ONEOK and gave the company a “hold” rating in a research note on Wednesday, January 16th. US Capital Advisors reaffirmed a “buy” rating on shares of ONEOK in a research report on Wednesday, January 16th. Finally, Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. ONEOK presently has an average rating of “Buy” and an average price target of $71.21.
ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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