Sound Income Strategies LLC Boosts Stake in ONEOK, Inc. (OKE)

Sound Income Strategies LLC grew its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 1,391.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,745 shares of the utilities provider’s stock after purchasing an additional 2,561 shares during the period. Sound Income Strategies LLC’s holdings in ONEOK were worth $148,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. JNBA Financial Advisors boosted its position in shares of ONEOK by 827.4% during the 3rd quarter. JNBA Financial Advisors now owns 2,031 shares of the utilities provider’s stock valued at $138,000 after purchasing an additional 1,812 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in shares of ONEOK in the third quarter worth about $140,000. Rehmann Capital Advisory Group boosted its holdings in shares of ONEOK by 205.6% in the second quarter. Rehmann Capital Advisory Group now owns 2,442 shares of the utilities provider’s stock worth $171,000 after buying an additional 1,643 shares during the period. Palo Capital Inc. acquired a new position in shares of ONEOK in the third quarter worth about $175,000. Finally, First Hawaiian Bank acquired a new position in shares of ONEOK in the third quarter worth about $177,000. Institutional investors own 73.14% of the company’s stock.

Several brokerages have commented on OKE. Raymond James began coverage on shares of ONEOK in a report on Thursday. They issued a “strong-buy” rating and a $72.00 target price for the company. Zacks Investment Research upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Friday, October 19th. Wells Fargo & Co raised their target price on shares of ONEOK from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. ValuEngine cut shares of ONEOK from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Goldman Sachs Group began coverage on shares of ONEOK in a report on Monday, October 8th. They issued a “neutral” rating and a $68.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $70.47.



Shares of NYSE OKE traded down $0.07 during mid-day trading on Friday, reaching $59.97. The company had a trading volume of 113,105 shares, compared to its average volume of 2,919,162. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.74 and a quick ratio of 0.51. The firm has a market capitalization of $24.57 billion, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. ONEOK, Inc. has a 12-month low of $50.26 and a 12-month high of $71.99.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 30th. The utilities provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.04. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.31 billion. ONEOK had a net margin of 6.96% and a return on equity of 16.32%. During the same quarter last year, the firm earned $0.43 earnings per share. On average, analysts predict that ONEOK, Inc. will post 2.82 EPS for the current year.

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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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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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