4,868 Shares in ONEOK, Inc. (NYSE:OKE) Purchased by J2 Capital Management Inc

J2 Capital Management Inc purchased a new position in ONEOK, Inc. (NYSE:OKE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,868 shares of the utilities provider's stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OKE. National Pension Service grew its holdings in shares of ONEOK by 1.6% in the third quarter. National Pension Service now owns 763,833 shares of the utilities provider's stock worth $69,608,000 after acquiring an additional 12,349 shares during the period. Leavell Investment Management Inc. increased its position in shares of ONEOK by 3.8% during the 3rd quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider's stock valued at $12,871,000 after purchasing an additional 5,175 shares during the last quarter. Caxton Associates LP bought a new position in shares of ONEOK in the 2nd quarter worth approximately $1,225,000. Point72 Europe London LLP purchased a new position in shares of ONEOK during the 2nd quarter worth $15,008,000. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of ONEOK by 11.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider's stock worth $4,972,000 after buying an additional 5,451 shares during the period. 69.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OKE shares. US Capital Advisors raised shares of ONEOK from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Scotiabank began coverage on ONEOK in a report on Friday, January 10th. They issued a "sector outperform" rating and a $109.00 price target on the stock. Royal Bank of Canada raised their target price on shares of ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 16th. Bank of America assumed coverage on ONEOK in a report on Thursday, October 17th. They issued a "buy" rating and a $105.00 target price for the company. Finally, Barclays lifted their price objective on ONEOK from $94.00 to $99.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $101.54.

ONEOK Stock Up 0.4 %

Shares of OKE traded up $0.42 during mid-day trading on Friday, hitting $109.08. 3,093,017 shares of the company traded hands, compared to its average volume of 2,475,531. The company has a market capitalization of $63.72 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 4.35 and a beta of 1.70. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The business has a 50 day moving average of $106.17 and a 200 day moving average of $95.74. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the company posted $0.99 EPS. Equities research analysts anticipate that ONEOK, Inc. will post 5.1 EPS for the current 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.