Clarius Group LLC Boosts Stock Position in ONEOK, Inc. (NYSE:OKE)

Clarius Group LLC grew its stake in ONEOK, Inc. (NYSE:OKE) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,955 shares of the utilities provider’s stock after acquiring an additional 276 shares during the quarter. Clarius Group LLC’s holdings in ONEOK were worth $397,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Kieckhefer Group LLC bought a new position in ONEOK in the 4th quarter worth about $30,000. Matrix Trust Co purchased a new position in ONEOK in the third quarter worth about $29,000. Access Investment Management LLC bought a new position in shares of ONEOK in the third quarter worth approximately $37,000. Values First Advisors Inc. bought a new position in shares of ONEOK in the third quarter worth approximately $44,000. Finally, Fortitude Family Office LLC grew its holdings in shares of ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock valued at $45,000 after buying an additional 135 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OKE has been the topic of several analyst reports. Royal Bank of Canada upped their price objective on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Truist Financial increased their price objective on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. Barclays lifted their price objective on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, Bank of America started coverage on shares of ONEOK in a research note on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.92.

ONEOK Stock Up 0.4 %

OKE opened at $109.08 on Monday. The firm’s 50 day simple moving average is $106.17 and its two-hundred day simple moving average is $95.74. The company has a market capitalization of $63.72 billion, a PE ratio of 22.82, a PEG ratio of 4.35 and a beta of 1.70. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last released its 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). The company had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter last year, the firm posted $0.99 earnings per share. As a group, equities analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current year.

About ONEOK

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.