Wealthcare Advisory Partners LLC Has $1.84 Million Stake in ONEOK, Inc. (NYSE:OKE)

Wealthcare Advisory Partners LLC increased its position in ONEOK, Inc. (NYSE:OKE) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,329 shares of the utilities provider’s stock after purchasing an additional 1,777 shares during the period. Wealthcare Advisory Partners LLC’s holdings in ONEOK were worth $1,840,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of OKE. Quest Partners LLC acquired a new position in shares of ONEOK during the second quarter valued at about $28,000. Matrix Trust Co bought a new position in ONEOK in the 3rd quarter valued at about $29,000. Kieckhefer Group LLC bought a new position in ONEOK in the 4th quarter valued at about $30,000. Access Investment Management LLC bought a new stake in ONEOK during the 3rd quarter worth approximately $37,000. Finally, Values First Advisors Inc. bought a new stake in ONEOK during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OKE. Wells Fargo & Company cut ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a research report on Wednesday, December 18th. Bank of America initiated coverage on shares of ONEOK in a report on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective 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 report on Tuesday, December 3rd. Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Finally, Scotiabank began coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective for the company. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

ONEOK Trading Up 0.4 %

Shares of OKE opened at $109.08 on Friday. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $118.07. The business has a 50-day moving average of $106.17 and a 200 day moving average of $95.65. The firm has a market cap of $63.72 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 4.35 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). The business 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 previous year, the business earned $0.99 EPS. As a group, research analysts forecast that ONEOK, Inc. will post 5.1 EPS for the current 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.