Gilman Hill Asset Management LLC Has $6.57 Million Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Gilman Hill Asset Management LLC decreased its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 54.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,460 shares of the utilities provider's stock after selling 79,462 shares during the period. ONEOK accounts for 1.1% of Gilman Hill Asset Management LLC's investment portfolio, making the stock its 28th biggest holding. Gilman Hill Asset Management LLC's holdings in ONEOK were worth $6,572,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Matrix Trust Co bought a new position in ONEOK during the third quarter worth $29,000. Kieckhefer Group LLC bought a new position in shares of ONEOK during the 4th quarter worth about $30,000. Access Investment Management LLC acquired a new position in shares of ONEOK during the third quarter valued at about $37,000. Values First Advisors Inc. bought a new stake in shares of ONEOK in the third quarter valued at about $44,000. Finally, Fortitude Family Office LLC grew its position in ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider's stock worth $45,000 after buying an additional 135 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Trading Up 0.4 %

OKE stock traded up $0.42 during midday trading on Monday, reaching $109.08. The stock had a trading volume of 3,093,017 shares, compared to its average volume of 2,475,531. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a twelve month low of $67.05 and a twelve month high of $118.07. The firm has a market cap of $63.72 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 4.35 and a beta of 1.70. The business has a fifty day simple moving average of $106.17 and a two-hundred day simple moving average of $95.83.

ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share 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 business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. As a group, research analysts expect that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on OKE. Mizuho raised ONEOK to a "hold" rating in a report on Thursday, November 7th. Royal Bank of Canada upped their target price on ONEOK from $89.00 to $98.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 16th. UBS Group lifted their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Scotiabank began coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a "sector outperform" rating and a $109.00 price objective for the company. Finally, Bank of America began coverage on shares of ONEOK in a research report on Thursday, October 17th. They set a "buy" rating and a $105.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $102.92.

About ONEOK

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.