Raymond James & Associates lifted its stake in ONEOK, Inc. (NYSE:OKE) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 326,997 shares of the utilities provider’s stock after buying an additional 20,679 shares during the period. Raymond James & Associates owned approximately 0.08% of ONEOK worth $17,478,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Delpha Capital Management LLC bought a new stake in shares of ONEOK in the fourth quarter valued at approximately $134,000. Tower Research Capital LLC TRC boosted its stake 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 buying an additional 2,322 shares during the period. Fieldpoint Private Securities LLC bought a new stake in shares of ONEOK in the third quarter valued at approximately $150,000. Sun Life Financial INC boosted its stake 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 buying an additional 1,261 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of ONEOK in the third quarter valued at approximately $169,000. Institutional investors and hedge funds own 68.44% of the company’s stock.
In other news, VP Sheppard F. Miers III sold 2,200 shares of the 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 in the company, valued at approximately $1,771,534.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
ONEOK, Inc. (NYSE:OKE) opened at $56.47 on Tuesday. ONEOK, Inc. has a 12 month low of $47.14 and a 12 month high of $61.36. The company has a market capitalization of $23,738.76, a price-to-earnings ratio of 42.46, a PEG ratio of 2.92 and a beta of 1.26. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 1.42.
ONEOK (NYSE:OKE) last announced its quarterly earnings results 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. ONEOK had a return on equity of 10.46% and a net margin of 3.19%. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same period in the prior year, the company earned $0.43 EPS. sell-side analysts predict that ONEOK, Inc. will post 2.48 earnings per share for the current fiscal year.
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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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