Strategic Investment Advisors MI acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,732 shares of the utilities provider’s stock, valued at approximately $220,000.

Other hedge funds have also added to or reduced their stakes in the company. Man Group plc lifted its stake in shares of ONEOK by 123.6% in the 2nd quarter. Man Group plc now owns 23,251 shares of the utilities provider’s stock valued at $772,000 after purchasing an additional 12,853 shares during the last quarter. IBM Retirement Fund lifted its stake in shares of ONEOK by 39.1% in the 3rd quarter. IBM Retirement Fund now owns 14,257 shares of the utilities provider’s stock valued at $370,000 after purchasing an additional 4,006 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of ONEOK by 8,739.9% in the 4th quarter. Sound Income Strategies LLC now owns 22,365 shares of the utilities provider’s stock valued at $858,000 after purchasing an additional 22,112 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of ONEOK by 21.7% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 14,635 shares of the utilities provider’s stock valued at $486,000 after purchasing an additional 2,608 shares during the last quarter. Finally, Cambridge Financial Group Inc. lifted its stake in shares of ONEOK by 123.4% in the 3rd quarter. Cambridge Financial Group Inc. now owns 188,974 shares of the utilities provider’s stock valued at $4,910,000 after purchasing an additional 104,375 shares during the last quarter. 58.15% of the stock is owned by institutional investors and hedge funds.

Shares of ONEOK stock opened at $43.71 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.15 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $19.42 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 3.52 and a beta of 2.03. ONEOK, Inc. has a 1-year low of $12.16 and a 1-year high of $78.48. The firm’s 50-day moving average price is $39.41 and its two-hundred day moving average price is $31.40.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11. The firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.56 billion. ONEOK had a net margin of 7.24% and a return on equity of 18.38%. During the same period in the prior year, the firm earned $0.74 earnings per share. As a group, equities research analysts predict that ONEOK, Inc. will post 2.56 EPS for the current year.

A number of research analysts have weighed in on OKE shares. Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research report on Tuesday, December 29th. Morgan Stanley boosted their target price on shares of ONEOK from $25.00 to $37.00 and gave the stock an “underweight” rating in a research report on Friday, December 11th. Bank of America lowered shares of ONEOK from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 18th. UBS Group raised shares of ONEOK from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday, September 29th. Finally, The Goldman Sachs Group lowered shares of ONEOK from a “neutral” rating to a “sell” rating and set a $26.00 target price for the company. in a research report on Wednesday, October 14th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $37.36.

ONEOK Company Profile

ONEOK, Inc, together with its subsidiaries, engages in 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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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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