Fieldpoint Private Securities LLC Acquires Shares of 2,715 ONEOK, Inc. (OKE)
Fieldpoint Private Securities LLC acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,715 shares of the utilities provider’s stock, valued at approximately $150,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its position in shares of ONEOK by 26.2% during the third quarter. Ameritas Investment Partners Inc. now owns 10,896 shares of the utilities provider’s stock worth $592,000 after buying an additional 2,265 shares in the last quarter. Dana Investment Advisors Inc. grew its position in shares of ONEOK by 46.7% during the third quarter. Dana Investment Advisors Inc. now owns 203,775 shares of the utilities provider’s stock worth $11,291,000 after buying an additional 64,862 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of ONEOK by 8.9% during the third quarter. Coldstream Capital Management Inc. now owns 14,622 shares of the utilities provider’s stock worth $810,000 after buying an additional 1,193 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of ONEOK by 3.3% during the third quarter. Neuberger Berman Group LLC now owns 9,398,693 shares of the utilities provider’s stock worth $520,782,000 after buying an additional 300,031 shares in the last quarter. Finally, Green Square Capital LLC acquired a new stake in shares of ONEOK during the third quarter worth approximately $725,000. Institutional investors own 71.02% of the company’s stock.
ONEOK, Inc. (NYSE OKE) traded down $0.48 during trading on Friday, reaching $52.74. 2,280,200 shares of the company’s stock were exchanged, compared to its average volume of 3,207,960. The firm has a market capitalization of $20,406.50, a P/E ratio of 33.26, a PEG ratio of 3.41 and a beta of 1.26. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. ONEOK, Inc. has a 1 year low of $47.14 and a 1 year high of $59.47.
ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.80 billion. ONEOK had a return on equity of 9.25% and a net margin of 3.76%. During the same period in the prior year, the firm earned $0.43 EPS. research analysts predict that ONEOK, Inc. will post 1.73 EPS for the current year.
A number of analysts have recently weighed in on the stock. UBS raised their price target on shares of ONEOK from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of ONEOK from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub downgraded shares of ONEOK from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Mizuho assumed coverage on shares of ONEOK in a research report on Tuesday, October 10th. They set a “neutral” rating and a $59.00 price target for the company. Finally, Barclays assumed coverage on shares of ONEOK in a report on Tuesday, September 5th. They issued an “equal weight” rating and a $58.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. ONEOK presently has an average rating of “Hold” and a consensus price target of $59.07.
In other ONEOK news, Director Brian L. Derksen acquired 1,800 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $51.00 per share, with a total value of $91,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% of the company’s stock.
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ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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