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

Astoria Portfolio Advisors LLC. lifted its position in ONEOK, Inc. (NYSE:OKE) by 4.1% during the fourth quarter, HoldingsChannel.com reports. 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in OKE. International Assets Investment Management LLC lifted its position in ONEOK by 9,439.9% in 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 acquiring an additional 3,197,121 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $1,593,023,000 after purchasing an additional 661,854 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of ONEOK during the third quarter worth about $47,957,000. Yaupon Capital Management LP bought a new position in shares of ONEOK during the third quarter worth about $45,194,000. Finally, National Bank of Canada FI raised its position 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 buying an additional 465,243 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

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 company has a market cap of $63.72 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 4.35 and a beta of 1.70. ONEOK, Inc. has a twelve month low of $67.05 and a twelve month high of $118.07. The business’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 earnings per share 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 during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the prior year, the company earned $0.99 earnings per share. On average, analysts predict that ONEOK, Inc. will post 5.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OKE shares. Royal Bank of Canada upped their price target on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. Scotiabank initiated coverage on shares of ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 target price for the company. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. UBS Group increased their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.