Mitchell Mcleod Pugh & Williams Inc. Sells 162 Shares of ONEOK, Inc. (NYSE:OKE)

Mitchell Mcleod Pugh & Williams Inc. decreased its position in ONEOK, Inc. (NYSE:OKE) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,404 shares of the utilities provider’s stock after selling 162 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in ONEOK were worth $844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ieq Capital LLC increased its stake in ONEOK by 9.6% in the 2nd quarter. Ieq Capital LLC now owns 24,843 shares of the utilities provider’s stock valued at $2,026,000 after buying an additional 2,167 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of ONEOK by 37.1% during the second quarter. Canada Pension Plan Investment Board now owns 53,591 shares of the utilities provider’s stock valued at $4,370,000 after acquiring an additional 14,505 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in ONEOK by 103.1% during the second quarter. Bridges Investment Management Inc. now owns 5,619 shares of the utilities provider’s stock worth $458,000 after acquiring an additional 2,853 shares during the period. Pacer Advisors Inc. boosted its position in ONEOK by 2.7% in the second quarter. Pacer Advisors Inc. now owns 90,454 shares of the utilities provider’s stock worth $7,377,000 after purchasing an additional 2,373 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its stake in ONEOK by 22.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 7,003 shares of the utilities provider’s stock valued at $571,000 after purchasing an additional 1,303 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on OKE shares. Mizuho upgraded ONEOK to a “hold” rating in a research note on Thursday, November 7th. Scotiabank started coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price on the stock. Royal Bank of Canada increased their target price on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Barclays raised their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Truist Financial increased their target price on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK Stock Performance

Shares of NYSE OKE opened at $109.08 on Monday. The stock’s 50-day moving average is $106.17 and its 200 day moving average is $95.74. The stock has a market cap of $63.72 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 4.35 and a beta of 1.70. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

About ONEOK

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.