Zurcher Kantonalbank Zurich Cantonalbank Has $4.63 Million Stake in ONEOK, Inc. (OKE)
Zurcher Kantonalbank Zurich Cantonalbank grew its position in ONEOK, Inc. (NYSE:OKE) by 35.0% during the fourth quarter, Holdings Channel reports. The firm owned 86,645 shares of the utilities provider’s stock after buying an additional 22,477 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ONEOK were worth $4,631,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. boosted its stake in shares of ONEOK by 269.7% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 13,348,843 shares of the utilities provider’s stock valued at $739,659,000 after purchasing an additional 9,737,701 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of ONEOK by 184.7% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 9,476,645 shares of the utilities provider’s stock valued at $525,098,000 after purchasing an additional 6,148,494 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of ONEOK by 3.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 9,398,693 shares of the utilities provider’s stock valued at $520,782,000 after purchasing an additional 300,031 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ONEOK by 13.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,724,860 shares of the utilities provider’s stock valued at $428,034,000 after purchasing an additional 899,502 shares during the last quarter. Finally, Harvest Fund Advisors LLC bought a new stake in shares of ONEOK in the 3rd quarter valued at $414,256,000. 66.52% of the stock is currently owned by institutional investors.
ONEOK, Inc. (NYSE OKE) opened at $56.36 on Thursday. The stock has a market cap of $22,970.00, a price-to-earnings ratio of 35.23, a P/E/G ratio of 1.79 and a beta of 1.26. ONEOK, Inc. has a 12 month low of $47.14 and a 12 month high of $61.36. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.55.
In related news, Director Brian L. Derksen bought 1,800 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average cost of $51.00 per share, with a total value of $91,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.
A number of equities research analysts have recently commented on OKE shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $54.00 price objective on shares of ONEOK in a research note on Thursday, October 12th. Zacks Investment Research raised shares of ONEOK from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday, October 17th. BMO Capital Markets set a $62.00 target price on shares of ONEOK and gave the stock a “buy” rating in a research note on Wednesday, October 18th. UBS Group increased their target price on shares of ONEOK from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Credit Suisse Group started coverage on shares of ONEOK in a research note on Monday, January 8th. They set an “outperform” rating and a $62.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. ONEOK currently has an average rating of “Buy” and a consensus target price of $59.85.
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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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