ONEOK, Inc. (NYSE:OKE) is Stolper Co’s 4th Largest Position

Stolper Co reduced its position in ONEOK, Inc. (NYSE:OKE) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,635 shares of the utilities provider’s stock after selling 1,107 shares during the period. ONEOK comprises 4.2% of Stolper Co’s investment portfolio, making the stock its 4th biggest position. Stolper Co’s holdings in ONEOK were worth $12,614,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OKE. Quest Partners LLC purchased a new stake in shares of ONEOK during the second quarter worth about $28,000. Matrix Trust Co purchased a new stake in shares of ONEOK in the third quarter valued at $29,000. Kieckhefer Group LLC acquired a new position in ONEOK in the fourth quarter valued at $30,000. Access Investment Management LLC purchased a new position in ONEOK during the third quarter worth about $37,000. Finally, Values First Advisors Inc. acquired a new stake in ONEOK in the 3rd quarter worth about $44,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OKE has been the subject of several research analyst reports. Truist Financial upped their price target on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research note on Tuesday, December 3rd. Bank of America assumed coverage on ONEOK in a report on Thursday, October 17th. They set a “buy” rating and a $105.00 target price for the company. Royal Bank of Canada raised their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Barclays increased their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $101.54.

ONEOK Stock Performance

ONEOK stock opened at $106.83 on Thursday. The company has a market cap of $62.41 billion, a PE ratio of 22.35, 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 has a fifty day moving average price of $105.95 and a two-hundred day moving average price of $95.28. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

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). The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the prior year, the company posted $0.99 EPS. Research analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current 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.