ONEOK, Inc. (NYSE:OKE) VP Sheppard F. Miers III sold 2,200 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $56.70, for a total value of $124,740.00. Following the completion of the transaction, the vice president now directly owns 31,244 shares of the company’s stock, valued at $1,771,534.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ONEOK, Inc. (NYSE:OKE) traded up $0.78 during trading hours on Friday, hitting $57.31. The stock had a trading volume of 2,060,000 shares, compared to its average volume of 2,750,000. The stock has a market capitalization of $23,650.00, a P/E ratio of 59.08, a P/E/G ratio of 2.86 and a beta of 1.26. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.50 and a current ratio of 0.66. ONEOK, Inc. has a twelve month low of $47.14 and a twelve month high of $61.36.
ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, February 26th. The utilities provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $4.10 billion. ONEOK had a return on equity of 10.46% and a net margin of 3.19%. During the same quarter in the previous year, the business earned $0.43 earnings per share. research analysts forecast that ONEOK, Inc. will post 2.48 earnings per share for the current year.
Several large investors have recently made changes to their positions in OKE. Delpha Capital Management LLC purchased a new stake in shares of ONEOK in the fourth quarter valued at $134,000. Tower Research Capital LLC TRC grew its position in shares of ONEOK by 562.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 2,322 shares during the period. Fieldpoint Private Securities LLC purchased a new stake in shares of ONEOK in the third quarter valued at $150,000. Sun Life Financial INC grew its position in shares of ONEOK by 82.1% in the third quarter. Sun Life Financial INC now owns 2,796 shares of the utilities provider’s stock valued at $155,000 after purchasing an additional 1,261 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of ONEOK in the third quarter valued at $169,000. 67.76% of the stock is owned by institutional investors and hedge funds.
OKE has been the subject of a number of analyst reports. Zacks Investment Research raised ONEOK from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Royal Bank of Canada raised ONEOK from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 16th. Credit Suisse Group initiated coverage on ONEOK in a report on Monday, January 8th. They issued an “outperform” rating and a $62.00 price target for the company. Barclays raised ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $58.00 to $67.00 in a report on Wednesday, January 17th. Finally, Robert W. Baird set a $55.00 price target on ONEOK and gave the stock a “hold” rating in a report on Wednesday, February 28th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $61.29.
ONEOK Company Profile
ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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