Vontobel Holding Ltd. Has $5.08 Million Holdings in ONEOK, Inc. (NYSE:OKE)

Vontobel Holding Ltd. lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 32.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,394 shares of the utilities provider’s stock after purchasing an additional 17,612 shares during the period. Vontobel Holding Ltd.’s holdings in ONEOK were worth $5,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Peoples Bank KS acquired a new stake in shares of ONEOK in the 3rd quarter valued at $25,000. First Command Bank lifted its stake in shares of ONEOK by 401.0% in the 2nd quarter. First Command Bank now owns 491 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 393 shares during the last quarter. Beacon Capital Management LLC lifted its stake in shares of ONEOK by 90.7% in the 4th quarter. Beacon Capital Management LLC now owns 408 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 194 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at $29,000. Finally, Worth Asset Management LLC acquired a new stake in shares of ONEOK in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OKE. Barclays lifted their target price on shares of ONEOK from $73.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. UBS Group lifted their target price on shares of ONEOK from $80.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Citigroup lifted their target price on shares of ONEOK from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Raymond James boosted their price objective on shares of ONEOK from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Finally, US Capital Advisors downgraded shares of ONEOK from an “overweight” rating to a “hold” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, ONEOK presently has an average rating of “Hold” and an average price target of $82.25.

Insider Buying and Selling at ONEOK

In other news, Director Wayne Thomas Smith purchased 2,700 shares of ONEOK stock in a transaction on Friday, March 1st. The shares were purchased at an average cost of $75.25 per share, for a total transaction of $203,175.00. Following the completion of the transaction, the director now directly owns 2,700 shares in the company, valued at $203,175. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

ONEOK Stock Performance

NYSE OKE opened at $77.68 on Thursday. The stock has a market cap of $45.34 billion, a P/E ratio of 14.00, a PEG ratio of 2.22 and a beta of 1.65. The company’s 50-day simple moving average is $76.35 and its 200 day simple moving average is $70.86. ONEOK, Inc. has a twelve month low of $55.91 and a twelve month high of $80.81. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 1.29.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, February 26th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.03). The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.57 billion. ONEOK had a net margin of 15.04% and a return on equity of 22.57%. During the same period in the previous year, the firm earned $1.08 EPS. As a group, research analysts forecast that ONEOK, Inc. will post 4.98 earnings per share for the current fiscal year.

ONEOK declared that its board has approved a share buyback plan on Wednesday, January 17th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the utilities provider to purchase up to 4.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.