LaFleur & Godfrey LLC Purchases Shares of 9,271 ONEOK, Inc. (NYSE:OKE)

LaFleur & Godfrey LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,271 shares of the utilities provider's stock, valued at approximately $931,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in ONEOK by 9,439.9% in the third quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider's stock worth $294,440,000 after acquiring an additional 3,197,121 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in ONEOK by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider's stock worth $1,593,023,000 after purchasing an additional 661,854 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in ONEOK in the third quarter worth about $47,957,000. Yaupon Capital Management LP bought a new stake in ONEOK during the third quarter valued at approximately $45,194,000. Finally, National Bank of Canada FI increased its stake in shares of ONEOK by 199.9% in the 3rd quarter. National Bank of Canada FI now owns 697,985 shares of the utilities provider's stock worth $63,605,000 after purchasing an additional 465,243 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OKE. Barclays raised their price target on ONEOK from $94.00 to $99.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. Royal Bank of Canada raised their price objective on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 16th. Truist Financial raised their price target on shares of ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a report on Tuesday, December 3rd. UBS Group raised their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Mizuho upgraded shares of ONEOK to a "hold" rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, ONEOK has a consensus rating of "Moderate Buy" and a consensus target price of $102.92.

ONEOK Trading Up 0.4 %

NYSE OKE traded up $0.42 during mid-day trading on Monday, reaching $109.08. 3,093,017 shares of the stock were exchanged, compared to its average volume of 2,475,531. ONEOK, Inc. has a one year low of $67.05 and a one year high of $118.07. The stock has a market cap of $63.72 billion, a P/E ratio of 22.82, a P/E/G ratio of 4.35 and a beta of 1.70. The stock has a 50 day simple moving average of $106.17 and a 200-day simple moving average of $95.83. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

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

ONEOK 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.