Everett Harris & Co. CA Has $12.24 Million Stake in ONEOK, Inc. (NYSE:OKE)

Everett Harris & Co. CA reduced its position in ONEOK, Inc. (NYSE:OKE) by 5.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 175,190 shares of the utilities provider’s stock after selling 9,180 shares during the period. Everett Harris & Co. CA’s holdings in ONEOK were worth $12,235,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of ONEOK by 7.9% in the 1st quarter. BlackRock Inc. now owns 44,615,090 shares of the utilities provider’s stock worth $3,115,917,000 after purchasing an additional 3,261,539 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its position in shares of ONEOK by 1.0% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 14,871,840 shares of the utilities provider’s stock worth $802,336,000 after purchasing an additional 151,681 shares during the last quarter. Geode Capital Management LLC increased its position in shares of ONEOK by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 5,334,493 shares of the utilities provider’s stock worth $287,526,000 after purchasing an additional 415,385 shares during the last quarter. Northern Trust Corp increased its position in shares of ONEOK by 6.4% in the 1st quarter. Northern Trust Corp now owns 4,943,927 shares of the utilities provider’s stock worth $345,285,000 after purchasing an additional 295,729 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of ONEOK in the 4th quarter worth about $209,832,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

OKE has been the subject of several research analyst reports. Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday, May 7th. Citigroup boosted their price objective on shares of ONEOK from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Jefferies Financial Group downgraded shares of ONEOK from a “buy” rating to a “hold” rating and boosted their price objective for the company from $72.00 to $74.00 in a research report on Monday, April 1st. Mitsubishi UFJ Financial Group began coverage on shares of ONEOK in a research report on Wednesday, June 5th. They set a “neutral” rating and a $74.00 price objective for the company. Finally, UBS Group upped their target price on shares of ONEOK from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $71.85.

OKE stock traded up $1.41 on Friday, hitting $68.81. 2,657,207 shares of the company’s stock traded hands, compared to its average volume of 1,945,557. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.55 and a current ratio of 0.79. The firm has a market cap of $27.82 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. ONEOK, Inc. has a 1-year low of $50.26 and a 1-year high of $71.99. The stock’s fifty day moving average is $66.17.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.08. The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.70 billion. ONEOK had a net margin of 9.98% and a return on equity of 18.47%. During the same quarter in the prior year, the firm earned $0.64 EPS. On average, equities analysts expect that ONEOK, Inc. will post 3.07 EPS for the current year.

About ONEOK

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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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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