Tradewinds Capital Management LLC grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 11.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,855 shares of the utilities provider’s stock after acquiring an additional 295 shares during the period. Tradewinds Capital Management LLC’s holdings in ONEOK were worth $210,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new stake in shares of ONEOK in the second quarter valued at $27,000. JNBA Financial Advisors lifted its holdings in shares of ONEOK by 91.3% in the second quarter. JNBA Financial Advisors now owns 419 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. IMA Wealth Inc. purchased a new stake in shares of ONEOK in the second quarter valued at $32,000. Gradient Investments LLC lifted its holdings in shares of ONEOK by 82.3% in the second quarter. Gradient Investments LLC now owns 576 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 260 shares in the last quarter. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of ONEOK by 498.0% in the second quarter. FinTrust Capital Advisors LLC now owns 610 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 508 shares in the last quarter. Institutional investors own 74.56% of the company’s stock.
Shares of NYSE OKE traded up $0.07 during mid-day trading on Thursday, reaching $68.52. The company had a trading volume of 31,419 shares, compared to its average volume of 2,110,822. ONEOK, Inc. has a twelve month low of $50.26 and a twelve month high of $77.21. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.60 and a current ratio of 0.81. The stock has a market capitalization 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 stock’s 50 day moving average is $72.25 and its 200-day moving average is $69.24.
ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, July 30th. The utilities provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.04. ONEOK had a net margin of 10.67% and a return on equity of 19.30%. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the business posted $0.68 earnings per share. ONEOK’s revenue for the quarter was down 17.0% compared to the same quarter last year. On average, sell-side analysts anticipate that ONEOK, Inc. will post 3.11 EPS for the current year.
OKE has been the subject of a number of research analyst reports. Mitsubishi UFJ Financial Group increased their target price on ONEOK to $77.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Zacks Investment Research lowered ONEOK from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a report on Wednesday, September 18th. Argus increased their target price on ONEOK to $82.00 and gave the company an “average” rating in a report on Tuesday, August 6th. UBS Group upgraded ONEOK from a “neutral” rating to a “buy” rating and increased their target price for the company from $69.00 to $75.00 in a report on Monday, August 12th. Finally, Credit Suisse Group increased 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. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $72.95.
ONEOK Company Profile
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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