CHURCHILL MANAGEMENT Corp Buys 1,180 Shares of ONEOK, Inc. (NYSE:OKE)

CHURCHILL MANAGEMENT Corp boosted its stake in ONEOK, Inc. (NYSE:OKE) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 281,715 shares of the utilities provider’s stock after buying an additional 1,180 shares during the quarter. ONEOK makes up 0.3% of CHURCHILL MANAGEMENT Corp’s investment portfolio, making the stock its 26th largest holding. CHURCHILL MANAGEMENT Corp’s holdings in ONEOK were worth $28,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC bought a new stake in shares of ONEOK during the 2nd quarter worth $28,000. Oppenheimer Asset Management Inc. raised its position in shares of ONEOK by 16.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 31,953 shares of the utilities provider’s stock worth $2,606,000 after purchasing an additional 4,561 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of ONEOK by 33.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 816,697 shares of the utilities provider’s stock worth $66,602,000 after purchasing an additional 203,989 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in ONEOK by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,340,155 shares of the utilities provider’s stock valued at $272,377,000 after buying an additional 132,326 shares during the last quarter. Finally, One Capital Management LLC lifted its stake in shares of ONEOK by 109.5% in the 2nd quarter. One Capital Management LLC now owns 9,507 shares of the utilities provider’s stock worth $775,000 after purchasing an additional 4,969 shares during the period. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Up 0.7 %

Shares of OKE opened at $106.83 on Thursday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The company has a market cap of $62.41 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 4.35 and a beta of 1.70. The stock has a fifty day moving average price of $105.95 and a two-hundred day moving average price of $95.28. ONEOK, Inc. has a 52-week low of $67.05 and a 52-week high of $118.07.

ONEOK (NYSE:OKE) last posted its 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). The business 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 in the previous year, the company posted $0.99 earnings per share. Analysts predict that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OKE shares. 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 for the company. Royal Bank of Canada raised their price target 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. Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a research note on Wednesday, December 18th. 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. Finally, Barclays boosted their price target on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.54.

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.