Oak Thistle LLC Sells 4,047 Shares of ONEOK, Inc. (NYSE:OKE)

Oak Thistle LLC lowered its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,922 shares of the utilities provider's stock after selling 4,047 shares during the quarter. Oak Thistle LLC's holdings in ONEOK were worth $1,097,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in OKE. Quest Partners LLC acquired a new stake in shares of ONEOK in the second quarter valued at about $28,000. Matrix Trust Co bought a new position in ONEOK in the third quarter valued at approximately $29,000. Kieckhefer Group LLC acquired a new position in shares of ONEOK during the 4th quarter worth approximately $30,000. Access Investment Management LLC acquired a new position in shares of ONEOK during the 3rd quarter worth approximately $37,000. Finally, Values First Advisors Inc. bought a new stake in shares of ONEOK during the 3rd quarter worth approximately $44,000. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

OKE traded up $1.71 on Thursday, hitting $108.59. 1,883,072 shares of the stock were exchanged, compared to its average volume of 2,617,148. The firm has a market capitalization of $63.43 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 4.35 and a beta of 1.70. 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, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. The business has a 50-day moving average of $105.95 and a two-hundred day moving average of $95.28.

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 for the quarter, missing analysts' consensus estimates of $1.23 by ($0.05). The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period last year, the company posted $0.99 EPS. Sell-side analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on OKE. Mizuho raised shares of ONEOK to a "hold" rating in a research note on Thursday, November 7th. Wells Fargo & Company downgraded shares of ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 price objective for the company. in a research report on Wednesday, December 18th. Royal Bank of Canada upped their target price on shares of ONEOK from $89.00 to $98.00 and gave the company a "sector perform" rating in a report on Wednesday, October 16th. US Capital Advisors upgraded ONEOK from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Finally, Barclays increased their price objective on shares of ONEOK from $94.00 to $99.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $101.54.

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.