Capital Advisors Inc. OK Has $1.62 Million Holdings in ONEOK, Inc. (NYSE:OKE)

Capital Advisors Inc. OK grew its holdings in ONEOK, Inc. (NYSE:OKE) by 9.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,796 shares of the utilities provider’s stock after purchasing an additional 4,780 shares during the period. Capital Advisors Inc. OK’s holdings in ONEOK were worth $1,624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of ONEOK by 4.8% in the second quarter. Vanguard Group Inc. now owns 51,850,265 shares of the utilities provider’s stock valued at $1,722,467,000 after purchasing an additional 2,370,633 shares during the last quarter. State Street Corp increased its holdings in ONEOK by 7.2% during the first quarter. State Street Corp now owns 23,288,906 shares of the utilities provider’s stock worth $507,931,000 after buying an additional 1,554,211 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in ONEOK by 19.5% during the second quarter. Bank of New York Mellon Corp now owns 8,494,027 shares of the utilities provider’s stock worth $282,171,000 after buying an additional 1,386,911 shares during the last quarter. Geode Capital Management LLC increased its holdings in ONEOK by 1.3% during the first quarter. Geode Capital Management LLC now owns 6,488,869 shares of the utilities provider’s stock worth $141,243,000 after buying an additional 83,197 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in ONEOK by 51.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 5,271,585 shares of the utilities provider’s stock worth $175,123,000 after buying an additional 1,792,621 shares during the last quarter. Institutional investors own 66.65% of the company’s stock.

Shares of ONEOK stock traded up $1.78 during trading on Wednesday, reaching $28.07. The company’s stock had a trading volume of 5,131,100 shares, compared to its average volume of 5,796,300. The business’s 50-day moving average price is $27.98 and its 200-day moving average price is $32.13. The firm has a market cap of $11.68 billion, a PE ratio of 18.74, a P/E/G ratio of 1.84 and a beta of 2.06. ONEOK, Inc. has a 52 week low of $12.16 and a 52 week high of $78.48. The company has a quick ratio of 1.31, a current ratio of 1.71 and a debt-to-equity ratio of 2.30.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.19). ONEOK had a net margin of 7.13% and a return on equity of 18.28%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company’s revenue was down 32.4% compared to the same quarter last year. Equities analysts predict that ONEOK, Inc. will post 2.39 earnings per share for the current year.

A number of equities analysts recently weighed in on OKE shares. JPMorgan Chase & Co. downgraded shares of ONEOK from an “overweight” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Friday, May 22nd. Raymond James lowered their target price on shares of ONEOK from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Royal Bank of Canada boosted their target price on shares of ONEOK from $31.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Mizuho lowered their target price on shares of ONEOK from $40.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Finally, Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $33.00 price objective for the company. in a research report on Wednesday, July 22nd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $40.80.

ONEOK 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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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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