CHURCHILL MANAGEMENT Corp Acquires 1,180 Shares of ONEOK, Inc. (NYSE:OKE)

CHURCHILL MANAGEMENT Corp boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 281,715 shares of the utilities provider’s stock after acquiring an additional 1,180 shares during the period. ONEOK makes up about 0.3% of CHURCHILL MANAGEMENT Corp’s investment portfolio, making the stock its 26th largest holding. CHURCHILL MANAGEMENT Corp’s holdings in ONEOK were worth $28,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OKE. Charles Schwab Investment Management Inc. lifted its position in ONEOK by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock worth $1,593,023,000 after buying an additional 661,854 shares during the last quarter. Geode Capital Management LLC boosted its stake in ONEOK by 1.0% during the third quarter. Geode Capital Management LLC now owns 13,680,875 shares of the utilities provider’s stock worth $1,242,449,000 after acquiring an additional 138,430 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of ONEOK by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 3,751,172 shares of the utilities provider’s stock worth $341,844,000 after purchasing an additional 11,189 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in ONEOK by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,340,155 shares of the utilities provider’s stock valued at $272,377,000 after purchasing an additional 132,326 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in ONEOK by 9,439.9% in the third quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock worth $294,440,000 after purchasing an additional 3,197,121 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on OKE shares. Royal Bank of Canada increased their price objective on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a research report on Wednesday, December 18th. Scotiabank assumed coverage on ONEOK in a research report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target for the company. Barclays increased their price target on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.54.

ONEOK Trading Up 0.7 %

Shares of NYSE OKE opened at $106.83 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The stock has a market cap of $62.41 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 4.35 and a beta of 1.70. The company’s fifty day moving average is $105.95 and its 200-day moving average is $95.28. ONEOK, Inc. has a twelve month low of $67.05 and a twelve month high of $118.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the previous year, the business posted $0.99 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Company Profile

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.