Helen Stephens Group LLC Sells 219 Shares of ONEOK, Inc. (NYSE:OKE)

Helen Stephens Group LLC reduced its position in shares of ONEOK, Inc. (NYSE:OKE) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,121 shares of the utilities provider’s stock after selling 219 shares during the period. Helen Stephens Group LLC’s holdings in ONEOK were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OKE. Wealthcare Advisory Partners LLC boosted its holdings in ONEOK by 10.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 18,329 shares of the utilities provider’s stock valued at $1,840,000 after acquiring an additional 1,777 shares during the period. Empirical Asset Management LLC acquired a new position in shares of ONEOK during the fourth quarter valued at about $1,997,000. Morton Capital Management LLC CA grew its position in ONEOK by 1.4% during the fourth quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock worth $734,000 after buying an additional 104 shares in the last quarter. Ritholtz Wealth Management increased its stake 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 during the period. Finally, Carnegie Investment Counsel raised its holdings in ONEOK by 63.6% in the 4th quarter. Carnegie Investment Counsel now owns 11,059 shares of the utilities provider’s stock valued at $1,110,000 after acquiring an additional 4,299 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on OKE shares. UBS Group upped their target price on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. 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. Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. Truist Financial upped their price objective on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target on the stock. in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and an average price target of $101.54.

ONEOK Price Performance

Shares of OKE stock opened at $109.08 on Friday. ONEOK, Inc. has a 1 year low of $67.05 and a 1 year 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 firm’s 50 day moving average is $106.13 and its 200-day moving average is $95.46. The firm has a market capitalization of $63.72 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 4.35 and a beta of 1.70.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates 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 prior year, the company posted $0.99 EPS. Sell-side analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

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.