Astoria Portfolio Advisors LLC. Has $260,000 Position in ONEOK, Inc. (NYSE:OKE)

Astoria Portfolio Advisors LLC. raised its stake in shares of ONEOK, Inc. (NYSE:OKE) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,453 shares of the utilities provider’s stock after purchasing an additional 96 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in ONEOK were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of OKE. International Assets Investment Management LLC boosted its stake in ONEOK by 9,439.9% during the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock valued at $294,440,000 after purchasing an additional 3,197,121 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of ONEOK by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock worth $1,593,023,000 after acquiring an additional 661,854 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in ONEOK during the third quarter worth $47,957,000. Yaupon Capital Management LP bought a new stake in ONEOK in the 3rd quarter valued at $45,194,000. Finally, National Bank of Canada FI boosted its holdings in ONEOK by 199.9% in the 3rd quarter. National Bank of Canada FI now owns 697,985 shares of the utilities provider’s stock valued at $63,605,000 after purchasing an additional 465,243 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Scotiabank began 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 for the company. US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. UBS Group raised their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Finally, Barclays lifted their target price on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and a consensus target price of $101.54.

ONEOK Stock Up 0.4 %

Shares of NYSE:OKE opened at $109.08 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a market cap of $63.72 billion, a P/E ratio of 22.82, a P/E/G ratio of 4.35 and a beta of 1.70. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The company’s 50-day moving average price is $106.17 and its two-hundred day moving average price is $95.65.

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

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.