North Star Investment Management Corp. Has $490,000 Stock Holdings in ONEOK, Inc. (NYSE:OKE)

North Star Investment Management Corp. lessened its stake in ONEOK, Inc. (NYSE:OKE) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,656 shares of the utilities provider’s stock after selling 400 shares during the quarter. North Star Investment Management Corp.’s holdings in ONEOK were worth $490,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in ONEOK by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 46,629,850 shares of the utilities provider’s stock valued at $3,208,599,000 after buying an additional 739,353 shares during the period. Northern Trust Corp increased its stake in ONEOK by 1.5% in the 2nd quarter. Northern Trust Corp now owns 5,017,875 shares of the utilities provider’s stock valued at $345,281,000 after buying an additional 73,948 shares during the period. Invesco Ltd. increased its stake in shares of ONEOK by 19.6% during the 2nd quarter. Invesco Ltd. now owns 3,333,770 shares of the utilities provider’s stock worth $229,398,000 after purchasing an additional 546,731 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of ONEOK by 2.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,125,678 shares of the utilities provider’s stock worth $218,297,000 after purchasing an additional 83,906 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of ONEOK by 4.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,106,877 shares of the utilities provider’s stock worth $213,785,000 after purchasing an additional 136,866 shares during the last quarter. Hedge funds and other institutional investors own 74.31% of the company’s stock.

Shares of NYSE OKE traded up $0.04 during trading hours on Friday, hitting $72.03. 1,354,753 shares of the stock were exchanged, compared to its average volume of 2,260,920. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.81 and a quick ratio of 0.60. The company’s 50 day moving average is $72.11 and its 200 day moving average is $69.18. The firm has a market capitalization of $29.75 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.03 and a beta of 1.12. ONEOK, Inc. has a one year low of $50.26 and a one year high of $77.21.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.04. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.87 billion. ONEOK had a net margin of 10.67% and a return on equity of 19.30%. ONEOK’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. Research analysts anticipate that ONEOK, Inc. will post 3.12 earnings per share for the current fiscal year.

Several brokerages have recently commented on OKE. Mitsubishi UFJ Financial Group increased their price target on shares of ONEOK to $77.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Argus increased their price target on shares of ONEOK to $82.00 and gave the stock an “average” rating in a research note on Tuesday, August 6th. UBS Group upgraded shares of ONEOK from a “neutral” rating to a “buy” rating and increased their price target for the stock from $69.00 to $75.00 in a research note on Monday, August 12th. Zacks Investment Research lowered shares of ONEOK from a “buy” rating to a “hold” rating and set a $81.00 price target on the stock. in a research note on Wednesday, September 18th. Finally, Credit Suisse Group increased their price target on shares of ONEOK from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. ONEOK presently has an average rating of “Hold” and a consensus price target of $72.69.

About ONEOK

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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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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