19,886 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by Empirical Asset Management LLC

Empirical Asset Management LLC acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,886 shares of the utilities provider’s stock, valued at approximately $1,997,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OKE. International Assets Investment Management LLC lifted its stake in shares of 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 buying an additional 3,197,121 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of ONEOK by 3.9% during 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of ONEOK in the third quarter worth $47,957,000. Yaupon Capital Management LP purchased a new position in shares of ONEOK in the third quarter valued at $45,194,000. Finally, National Bank of Canada FI grew its position in shares of ONEOK by 199.9% in the third 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 in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 0.4 %

Shares of OKE opened at $109.08 on Friday. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $118.07. The firm has a market cap of $63.72 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 4.35 and a beta of 1.70. The firm has a 50 day moving average price of $106.13 and a 200-day moving average price of $95.46. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the firm earned $0.99 earnings per share. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.1 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays raised their target price on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. UBS Group raised 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. Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a report on Wednesday, December 18th. Mizuho raised shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Finally, Scotiabank initiated coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.54.

ONEOK 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.