19,886 Shares in ONEOK, Inc. (NYSE:OKE) Bought by Empirical Asset Management LLC

Empirical Asset Management LLC purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 19,886 shares of the utilities provider’s stock, valued at approximately $1,997,000.

A number of other large investors have also added to or reduced their stakes in the company. Morton Capital Management LLC CA boosted its holdings in shares of 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 purchasing an additional 104 shares during the period. HM Payson & Co. raised its position in ONEOK by 6.3% during the 3rd quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock valued at $161,000 after purchasing an additional 105 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in ONEOK by 4.7% in the 4th quarter. Ritholtz Wealth Management now owns 2,363 shares of the utilities provider’s stock worth $237,000 after buying an additional 106 shares during the period. Claro Advisors LLC grew its position in shares of ONEOK by 1.6% in the 3rd quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock worth $650,000 after buying an additional 115 shares during the last quarter. Finally, Haverford Trust Co increased its stake in shares of ONEOK by 1.2% during the third quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider’s stock valued at $917,000 after buying an additional 117 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

OKE opened at $109.08 on Friday. The firm has a market cap of $63.72 billion, a PE ratio of 22.82, a P/E/G 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, Inc. has a 1 year low of $67.05 and a 1 year high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK (NYSE:OKE) last issued its earnings results 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). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the firm posted $0.99 earnings per share. Sell-side analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OKE has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. Mizuho raised shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a research note on Wednesday, December 18th. Barclays lifted their price objective on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Scotiabank initiated coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price for the company. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and an average target price of $101.54.

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.