Miller Howard Investments Inc. NY lessened its holdings in ONEOK, Inc. (NYSE:OKE) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 447,254 shares of the utilities provider’s stock after selling 23,726 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in ONEOK were worth $32,958,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of ONEOK by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 46,629,850 shares of the utilities provider’s stock valued at $3,208,599,000 after purchasing an additional 739,353 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of ONEOK by 1.5% in the 2nd quarter. Northern Trust Corp now owns 5,017,875 shares of the utilities provider’s stock valued at $345,281,000 after purchasing an additional 73,948 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of ONEOK by 19.6% in the 2nd quarter. Invesco Ltd. now owns 3,333,770 shares of the utilities provider’s stock valued at $229,398,000 after purchasing an additional 546,731 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of ONEOK by 4.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,106,877 shares of the utilities provider’s stock valued at $213,785,000 after purchasing an additional 136,866 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of ONEOK by 5.3% in the 2nd quarter. Morgan Stanley now owns 3,067,584 shares of the utilities provider’s stock valued at $211,081,000 after purchasing an additional 155,444 shares in the last quarter. 74.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE OKE traded down $0.04 during mid-day trading on Thursday, hitting $68.41. 31,190 shares of the stock traded hands, compared to its average volume of 2,110,822. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.81 and a quick ratio of 0.60. ONEOK, Inc. has a twelve month low of $50.26 and a twelve month high of $77.21. The company has a market cap of $28.55 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. The firm has a 50 day simple moving average of $72.25 and a two-hundred day simple moving average of $69.24.
ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, July 30th. The utilities provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.04. ONEOK had a return on equity of 19.30% and a net margin of 10.67%. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the business posted $0.68 EPS. ONEOK’s revenue for the quarter was down 17.0% on a year-over-year basis. On average, equities research analysts anticipate that ONEOK, Inc. will post 3.11 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded ONEOK from a “buy” rating to a “hold” rating and set a $81.00 target price on the stock. in a report on Wednesday, September 18th. Argus raised their target price on ONEOK to $82.00 and gave the company an “average” rating in a report on Tuesday, August 6th. UBS Group raised ONEOK from a “neutral” rating to a “buy” rating and raised their target price for the company from $69.00 to $75.00 in a report on Monday, August 12th. Credit Suisse Group raised their target price on ONEOK from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Mitsubishi UFJ Financial Group raised their target price on ONEOK to $77.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. ONEOK currently has a consensus rating of “Hold” and an average price target of $72.95.
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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