Howard Financial Services LTD. Has $1.34 Million Stock Position in ONEOK, Inc. (NYSE:OKE)

Howard Financial Services LTD. lifted its stake in ONEOK, Inc. (NYSE:OKE) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,324 shares of the utilities provider’s stock after acquiring an additional 577 shares during the quarter. Howard Financial Services LTD.’s holdings in ONEOK were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of OKE. Morton Capital Management LLC CA increased its position in ONEOK by 1.4% in the 4th quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock worth $734,000 after purchasing an additional 104 shares during the last quarter. HM Payson & Co. increased its holdings in ONEOK by 6.3% in the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock worth $161,000 after buying an additional 105 shares during the last quarter. Ritholtz Wealth Management raised its position in ONEOK by 4.7% during the fourth quarter. Ritholtz Wealth Management now owns 2,363 shares of the utilities provider’s stock valued at $237,000 after acquiring an additional 106 shares in the last quarter. Claro Advisors LLC lifted its stake in ONEOK by 1.6% in the third quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock valued at $650,000 after acquiring an additional 115 shares during the last quarter. Finally, Haverford Trust Co grew its position in ONEOK by 1.2% in the third quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider’s stock worth $917,000 after acquiring an additional 117 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of recent research reports. UBS Group upped their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial increased their price objective on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. 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 price target on the stock. US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, Scotiabank initiated coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.54.

ONEOK Stock Performance

Shares of OKE opened at $109.08 on Friday. ONEOK, Inc. has a 12-month low of $67.05 and a 12-month high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company has a market cap of $63.72 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 4.35 and a beta of 1.70. The stock has a 50-day moving average price of $106.13 and a 200-day moving average price of $95.46.

ONEOK (NYSE:OKE) last posted its quarterly earnings data 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 net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same quarter last year, the business posted $0.99 EPS. As a group, equities analysts forecast that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

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.