ONEOK, Inc. (NYSE:OKE) Shares Acquired by Verity & Verity LLC

Verity & Verity LLC grew its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 276,402 shares of the utilities provider's stock after buying an additional 15,167 shares during the quarter. ONEOK accounts for about 2.5% of Verity & Verity LLC's investment portfolio, making the stock its 9th biggest position. Verity & Verity LLC's holdings in ONEOK were worth $27,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of OKE. Quest Partners LLC purchased a new stake in ONEOK in the 2nd quarter valued at about $28,000. Mercer Global Advisors Inc. ADV grew its stake in ONEOK by 37.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 76,533 shares of the utilities provider's stock worth $6,241,000 after purchasing an additional 20,868 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in ONEOK by 108.8% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 20,122 shares of the utilities provider's stock worth $1,641,000 after purchasing an additional 10,486 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in ONEOK by 16.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 43,819 shares of the utilities provider's stock valued at $3,566,000 after purchasing an additional 6,192 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of ONEOK by 0.6% in the 2nd quarter. Blair William & Co. IL now owns 139,751 shares of the utilities provider's stock worth $11,397,000 after buying an additional 797 shares during the period. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Stock Performance

ONEOK stock traded up $0.42 during mid-day trading on Friday, reaching $109.08. 3,093,017 shares of the company traded hands, compared to its average volume of 2,475,531. The firm's fifty day moving average is $106.17 and its two-hundred day moving average is $95.74. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week 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 company has a market capitalization of $63.72 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 4.35 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

OKE has been the subject of several recent research reports. Scotiabank began coverage on ONEOK in a report on Friday, January 10th. They issued a "sector outperform" rating and a $109.00 price objective for the company. Bank of America assumed coverage on shares of ONEOK in a research report on Thursday, October 17th. They issued a "buy" rating and a $105.00 price target for the company. UBS Group lifted their price objective on shares of ONEOK from $112.00 to $132.00 and gave the company a "buy" rating in a report on Friday, November 15th. Mizuho raised ONEOK to a "hold" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price target on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and a consensus 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.