Armstrong Advisory Group Inc. Sells 370 Shares of ONEOK, Inc. (NYSE:OKE)

Armstrong Advisory Group Inc. cut its stake in ONEOK, Inc. (NYSE:OKE) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,347 shares of the utilities provider’s stock after selling 370 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in ONEOK were worth $336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of ONEOK by 0.4% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 281,715 shares of the utilities provider’s stock worth $28,284,000 after acquiring an additional 1,180 shares during the last quarter. Burney Co. raised its position in ONEOK by 2.7% in the 4th quarter. Burney Co. now owns 6,615 shares of the utilities provider’s stock worth $664,000 after purchasing an additional 173 shares during the period. Park Avenue Securities LLC lifted its stake in ONEOK by 10.3% in the fourth quarter. Park Avenue Securities LLC now owns 7,602 shares of the utilities provider’s stock worth $763,000 after purchasing an additional 709 shares during the last quarter. Kathmere Capital Management LLC boosted its position in shares of ONEOK by 4.0% during the fourth quarter. Kathmere Capital Management LLC now owns 3,941 shares of the utilities provider’s stock valued at $396,000 after buying an additional 153 shares during the period. Finally, SeaCrest Wealth Management LLC grew its stake in shares of ONEOK by 4.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 8,292 shares of the utilities provider’s stock valued at $832,000 after buying an additional 389 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Up 0.7 %

Shares of NYSE:OKE opened at $106.83 on Thursday. The company has a market capitalization of $62.41 billion, a PE ratio of 22.35, a P/E/G ratio of 4.35 and a beta of 1.70. 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, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07. The business’s fifty day simple moving average is $105.95 and its 200-day simple moving average is $95.28.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter last year, the firm earned $0.99 EPS. As a group, equities research analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on OKE shares. UBS Group raised their price target on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Barclays boosted their target price on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Mizuho raised shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Finally, Bank of America started coverage on shares of ONEOK in a research report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

ONEOK Company Profile

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.