2,651 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by CGN Advisors LLC

CGN Advisors LLC acquired a new position in ONEOK, Inc. (NYSE:OKE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,651 shares of the utilities provider’s stock, valued at approximately $266,000.

Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of ONEOK in the second quarter worth approximately $28,000. Mercer Global Advisors Inc. ADV lifted its position in shares of ONEOK by 37.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 76,533 shares of the utilities provider’s stock worth $6,241,000 after purchasing an additional 20,868 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of ONEOK by 9.7% during the second quarter. Inspire Investing LLC now owns 7,483 shares of the utilities provider’s stock valued at $610,000 after purchasing an additional 659 shares during the period. Intech Investment Management LLC boosted its stake in shares of ONEOK by 189.7% during the second quarter. Intech Investment Management LLC now owns 152,833 shares of the utilities provider’s stock valued at $12,464,000 after purchasing an additional 100,073 shares during the period. Finally, Brighton Jones LLC grew its holdings in shares of ONEOK by 1.1% in the second quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider’s stock worth $935,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of OKE opened at $109.08 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The firm has a market cap of $63.72 billion, a PE 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 stock has a fifty day moving average price of $106.17 and a 200-day moving average price of $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 analysts’ consensus estimates of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter last year, the business posted $0.99 earnings per share. Equities research analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OKE has been the subject of several research reports. UBS Group boosted their price objective on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Mizuho raised ONEOK to a “hold” rating in a research note on Thursday, November 7th. Barclays lifted their target price on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, Scotiabank started coverage on ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.