Visionary Asset Management Inc. Has $237,000 Position in ONEOK, Inc. (OKE)

Visionary Asset Management Inc. lowered its position in shares of ONEOK, Inc. (NYSE:OKE) by 89.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,402 shares of the utilities provider’s stock after selling 38,405 shares during the period. Visionary Asset Management Inc.’s holdings in ONEOK were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Hawaiian Bank grew its position in ONEOK by 81.6% in the 4th quarter. First Hawaiian Bank now owns 4,758 shares of the utilities provider’s stock worth $257,000 after purchasing an additional 2,138 shares during the period. State of Alaska Department of Revenue grew its position in ONEOK by 4.7% in the 4th quarter. State of Alaska Department of Revenue now owns 154,814 shares of the utilities provider’s stock worth $8,350,000 after purchasing an additional 6,948 shares during the period. CENTRAL TRUST Co grew its position in ONEOK by 27.6% in the 4th quarter. CENTRAL TRUST Co now owns 18,927 shares of the utilities provider’s stock worth $1,021,000 after purchasing an additional 4,098 shares during the period. Palo Capital Inc. bought a new stake in ONEOK in the 3rd quarter worth approximately $175,000. Finally, Federated Investors Inc. PA grew its position in ONEOK by 8.9% in the 3rd quarter. Federated Investors Inc. PA now owns 6,119 shares of the utilities provider’s stock worth $415,000 after purchasing an additional 501 shares during the period. 73.14% of the stock is owned by institutional investors.

OKE opened at $59.80 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.51 and a current ratio of 0.74. ONEOK, Inc. has a fifty-two week low of $50.26 and a fifty-two week high of $71.99. The firm has a market cap of $24.57 billion, a P/E ratio of 33.98, a PEG ratio of 2.21 and a beta of 0.96.



ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 30th. The utilities provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. ONEOK had a net margin of 6.96% and a return on equity of 16.32%. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the company earned $0.43 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 2.82 earnings per share for the current year.

A number of equities research analysts have commented on OKE shares. Citigroup raised shares of ONEOK from a “neutral” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Thursday, November 29th. Bank of America raised shares of ONEOK from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $71.00 to $75.00 in a research report on Friday, November 2nd. ValuEngine raised shares of ONEOK from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Friday, October 19th. Finally, Seaport Global Securities raised shares of ONEOK from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Friday, October 19th. Nine analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. ONEOK presently has a consensus rating of “Buy” and an average target price of $70.47.

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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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