Carnegie Investment Counsel raised its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 63.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,059 shares of the utilities provider's stock after buying an additional 4,299 shares during the quarter. Carnegie Investment Counsel's holdings in ONEOK were worth $1,110,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of ONEOK by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider's stock valued at $1,593,023,000 after purchasing an additional 661,854 shares in the last quarter. Geode Capital Management LLC raised its position in shares of ONEOK by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 13,680,875 shares of the utilities provider's stock valued at $1,242,449,000 after buying an additional 138,430 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of ONEOK by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 3,751,172 shares of the utilities provider's stock valued at $341,844,000 after acquiring an additional 11,189 shares during the last quarter. International Assets Investment Management LLC increased its stake in ONEOK by 9,439.9% during the third quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider's stock worth $294,440,000 after acquiring an additional 3,197,121 shares during the last quarter. Finally, abrdn plc lifted its stake in shares of ONEOK by 14.8% in the 3rd quarter. abrdn plc now owns 2,149,676 shares of the utilities provider's stock valued at $195,545,000 after purchasing an additional 277,514 shares during the last quarter. Institutional investors own 69.13% of the company's stock.
OKE traded up $0.42 during midday trading on Friday, hitting $109.08. 3,093,017 shares of the company were exchanged, compared to its average volume of 2,475,531. The firm has a market capitalization of $63.72 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 4.35 and a beta of 1.70. The company's 50 day simple moving average is $106.17 and its 200 day simple moving average is $95.65. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07.
ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). The company had revenue of $5.02 billion during the quarter, compared to analysts' expectations of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the prior year, the company posted $0.99 EPS. As a group, sell-side analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current year.
Several research firms have recently weighed in on OKE. Scotiabank began coverage on ONEOK in a research report on Friday, January 10th. They set a "sector outperform" rating and a $109.00 target price on the stock. Truist Financial increased their target price on shares of ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upped 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 lowered ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 target price for the company. in a research report on Wednesday, December 18th. Finally, Mizuho upgraded ONEOK to a "hold" rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, ONEOK has an average rating of "Moderate Buy" and a consensus target price of $101.54.
View Our Latest Research Report on 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.
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