Renaissance Technologies LLC bought a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 677,814 shares of the utilities provider’s stock, valued at approximately $36,229,000. Renaissance Technologies LLC owned about 0.17% of ONEOK as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Delpha Capital Management LLC purchased a new position in shares of ONEOK during the fourth quarter valued at approximately $134,000. Tower Research Capital LLC TRC boosted its position in shares of ONEOK by 562.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock valued at $147,000 after buying an additional 2,322 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of ONEOK during the third quarter valued at approximately $150,000. Sun Life Financial INC boosted its position in shares of ONEOK by 82.1% during the third quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock valued at $155,000 after buying an additional 1,261 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of ONEOK during the third quarter valued at approximately $169,000. 68.44% of the stock is currently owned by institutional investors.
In other news, VP Sheppard F. Miers III sold 2,200 shares of ONEOK stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $56.70, for a total value of $124,740.00. Following the completion of the transaction, the vice president now directly owns 31,244 shares in the company, valued at $1,771,534.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.
ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, February 26th. The utilities provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $4.10 billion. ONEOK had a return on equity of 10.46% and a net margin of 3.19%. During the same period in the previous year, the business earned $0.43 earnings per share. analysts anticipate that ONEOK, Inc. will post 2.48 EPS for the current year.
A number of analysts recently commented on the company. Mizuho reiterated a “hold” rating and set a $61.00 price target on shares of ONEOK in a report on Tuesday, January 23rd. Barclays upgraded ONEOK from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $58.00 to $67.00 in a report on Wednesday, January 17th. Royal Bank of Canada upgraded ONEOK from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 16th. BMO Capital Markets reiterated a “buy” rating and set a $64.00 price target on shares of ONEOK in a report on Tuesday, January 16th. Finally, Zacks Investment Research upgraded ONEOK from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Wednesday, March 14th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $61.29.
ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
Receive News & Ratings for ONEOK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK and related companies with MarketBeat.com's FREE daily email newsletter.