Signaturefd LLC Raises Position in ONEOK, Inc. (NYSE:OKE)

Signaturefd LLC lifted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 30.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,076 shares of the utilities provider’s stock after buying an additional 959 shares during the quarter. Signaturefd LLC’s holdings in ONEOK were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Evanson Asset Management LLC increased its stake in shares of ONEOK by 0.3% during the 3rd quarter. Evanson Asset Management LLC now owns 45,538 shares of the utilities provider’s stock worth $3,356,000 after purchasing an additional 145 shares during the last quarter. Liberty Wealth Management LLC grew its stake in ONEOK by 25.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 748 shares of the utilities provider’s stock valued at $52,000 after buying an additional 150 shares in the last quarter. Synovus Financial Corp grew its stake in ONEOK by 3.7% in the 2nd quarter. Synovus Financial Corp now owns 4,291 shares of the utilities provider’s stock valued at $296,000 after buying an additional 152 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its stake in ONEOK by 1.2% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 13,140 shares of the utilities provider’s stock valued at $904,000 after buying an additional 160 shares in the last quarter. Finally, Laffer Investments grew its stake in ONEOK by 1.8% in the 2nd quarter. Laffer Investments now owns 9,905 shares of the utilities provider’s stock valued at $682,000 after buying an additional 174 shares in the last quarter. Institutional investors own 74.56% of the company’s stock.

Shares of OKE traded up $0.53 during mid-day trading on Friday, reaching $69.20. 1,715,004 shares of the stock traded hands, compared to its average volume of 2,027,514. The firm has a fifty day moving average price of $72.25 and a 200 day moving average price of $69.23. The company has a market cap of $28.36 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 1.70. ONEOK, Inc. has a 1 year low of $50.26 and a 1 year high of $77.21.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.87 billion. ONEOK had a net margin of 10.67% and a return on equity of 19.30%. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. On average, sell-side analysts anticipate that ONEOK, Inc. will post 3.11 EPS for the current year.

A number of research firms recently weighed in on OKE. Credit Suisse Group lifted their price objective on shares of ONEOK from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Mitsubishi UFJ Financial Group lifted their price objective on shares of ONEOK to $77.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Argus lifted their price objective on shares of ONEOK to $82.00 and gave the company an “average” rating in a research note on Tuesday, August 6th. Zacks Investment Research lowered shares of ONEOK from a “buy” rating to a “hold” rating and set a $81.00 price objective for the company. in a research note on Wednesday, September 18th. Finally, UBS Group upgraded shares of ONEOK from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $75.00 in a research note on Monday, August 12th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $73.67.

ONEOK Profile

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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