Coppell Advisory Solutions LLC Boosts Stock Position in ONEOK, Inc. (NYSE:OKE)

Coppell Advisory Solutions LLC increased its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 116.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,550 shares of the utilities provider's stock after buying an additional 2,980 shares during the period. Coppell Advisory Solutions LLC's holdings in ONEOK were worth $559,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Kieckhefer Group LLC purchased a new position in ONEOK during the 4th quarter worth $30,000. Canton Hathaway LLC purchased a new position in shares of ONEOK in the 4th quarter valued at approximately $40,000. J.Safra Asset Management Corp purchased a new stake in ONEOK during the 4th quarter worth approximately $48,000. VSM Wealth Advisory LLC purchased a new position in shares of ONEOK in the fourth quarter worth $50,000. Finally, OFI Invest Asset Management acquired a new stake in shares of ONEOK during the fourth quarter worth $51,000. Institutional investors own 69.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley upped their target price on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 25th. Wells Fargo & Company lowered their price objective on ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Scotiabank lowered their price target on ONEOK from $109.00 to $102.00 and set a "sector outperform" rating for the company in a research report on Thursday, March 6th. Finally, Barclays dropped their price objective on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of "Moderate Buy" and an average price target of $106.42.

ONEOK Price Performance

OKE opened at $84.70 on Thursday. ONEOK, Inc. has a one year low of $75.48 and a one year high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a market capitalization of $52.91 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. The company's 50 day simple moving average is $92.51 and its 200-day simple moving average is $99.10.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.11. The firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. Sell-side analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Company Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.

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