Van ECK Associates Corp lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,708 shares of the utilities provider’s stock after acquiring an additional 206 shares during the quarter. Van ECK Associates Corp’s holdings in ONEOK were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Stony Point Wealth Management Inc. raised its holdings in shares of ONEOK by 3.7% during the fourth quarter. Stony Point Wealth Management Inc. now owns 5,209 shares of the utilities provider’s stock valued at $281,000 after acquiring an additional 186 shares in the last quarter. Trust Co. of Oklahoma grew its stake in ONEOK by 1.8% in the fourth quarter. Trust Co. of Oklahoma now owns 10,914 shares of the utilities provider’s stock worth $589,000 after purchasing an additional 195 shares during the period. Telemus Capital LLC grew its stake in ONEOK by 5.3% in the fourth quarter. Telemus Capital LLC now owns 4,095 shares of the utilities provider’s stock worth $221,000 after purchasing an additional 206 shares during the period. Tocqueville Asset Management L.P. grew its stake in ONEOK by 1.2% in the fourth quarter. Tocqueville Asset Management L.P. now owns 17,828 shares of the utilities provider’s stock worth $962,000 after purchasing an additional 208 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its stake in ONEOK by 1.9% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,385 shares of the utilities provider’s stock worth $668,000 after purchasing an additional 225 shares during the period. Institutional investors own 74.84% of the company’s stock.

Several equities research analysts recently weighed in on OKE shares. SunTrust Banks started coverage on ONEOK in a research note on Friday, January 18th. They issued a “buy” rating and a $72.00 price target on the stock. Citigroup raised ONEOK from a “neutral” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Thursday, November 29th. Morgan Stanley cut ONEOK to a “hold” rating in a research note on Thursday, December 20th. JPMorgan Chase & Co. raised ONEOK from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $75.00 to $74.00 in a research note on Tuesday, January 8th. Finally, Mizuho set a $73.00 price target on ONEOK and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $71.11.

NYSE OKE opened at $66.85 on Friday. ONEOK, Inc. has a 12 month low of $50.26 and a 12 month high of $71.99. The firm has a market capitalization of $27.52 billion, a PE ratio of 24.05, a P/E/G ratio of 1.97 and a beta of 1.22. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.66.

ONEOK (NYSE:OKE) last released its earnings results on Monday, February 25th. The utilities provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). ONEOK had a return on equity of 17.10% and a net margin of 9.14%. During the same period in the previous year, the firm earned $0.53 earnings per share. As a group, equities analysts anticipate that ONEOK, Inc. will post 2.95 earnings per share for the current year.

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ONEOK Profile

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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