Weather Gauge Advisory LLC trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,126 shares of the utilities provider’s stock after selling 283 shares during the period. ONEOK makes up approximately 2.5% of Weather Gauge Advisory LLC’s investment portfolio, making the stock its 11th largest holding. Weather Gauge Advisory LLC’s holdings in ONEOK were worth $2,593,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of OKE. Deutsche Bank AG grew its holdings in ONEOK by 1.9% during the fourth quarter. Deutsche Bank AG now owns 3,440,599 shares of the utilities provider’s stock worth $185,610,000 after acquiring an additional 64,227 shares during the period. CWM Advisors LLC grew its holdings in ONEOK by 5.5% during the fourth quarter. CWM Advisors LLC now owns 5,648 shares of the utilities provider’s stock worth $305,000 after acquiring an additional 295 shares during the period. Paradigm Financial Partners LLC acquired a new position in ONEOK during the fourth quarter worth about $1,364,000. United Services Automobile Association increased its stake in ONEOK by 11.9% in the 4th quarter. United Services Automobile Association now owns 199,944 shares of the utilities provider’s stock worth $10,787,000 after purchasing an additional 21,319 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in ONEOK by 2,046.8% in the 3rd quarter. Captrust Financial Advisors now owns 32,932 shares of the utilities provider’s stock worth $2,232,000 after purchasing an additional 31,398 shares in the last quarter. 75.67% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on OKE. SunTrust Banks began coverage on ONEOK in a research note on Friday, January 18th. They issued a “buy” rating and a $72.00 price target on the stock. Barclays set a $66.00 price target on ONEOK and gave the stock a “hold” rating in a research note on Wednesday, January 16th. Raymond James began coverage on ONEOK in a research note on Thursday, January 10th. They issued a “strong-buy” rating and a $72.00 price target on the stock. JPMorgan Chase & Co. raised ONEOK from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $75.00 to $74.00 in a research note on Tuesday, January 8th. Finally, US Capital Advisors reissued a “buy” rating on shares of ONEOK in a research note on Wednesday, January 16th. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. ONEOK currently has an average rating of “Buy” and an average target price of $71.11.
ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, February 25th. The utilities provider reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). ONEOK had a return on equity of 17.10% and a net margin of 9.14%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the business posted $0.53 earnings per share. Research analysts anticipate that ONEOK, Inc. will post 3.01 EPS for the current year.
In other news, Director Eduardo A. Rodriguez sold 1,500 shares of ONEOK stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $66.75, for a total transaction of $100,125.00. Following the completion of the sale, the director now directly owns 15,536 shares in the company, valued at approximately $1,037,028. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by insiders.
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ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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