Stillwater Capital Advisors LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,141 shares of the utilities provider’s stock, valued at approximately $286,000.
A number of other hedge funds have also recently bought and sold shares of OKE. Wellington Management Group LLP boosted its position in ONEOK by 2,643.5% during the fourth quarter. Wellington Management Group LLP now owns 1,170,739 shares of the utilities provider’s stock worth $82,209,000 after acquiring an additional 1,128,066 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in ONEOK during the fourth quarter worth approximately $103,000. CWM LLC boosted its position in ONEOK by 1.8% during the first quarter. CWM LLC now owns 37,603 shares of the utilities provider’s stock worth $3,015,000 after acquiring an additional 676 shares during the last quarter. GAMMA Investing LLC boosted its position in ONEOK by 11.3% during the first quarter. GAMMA Investing LLC now owns 5,450 shares of the utilities provider’s stock worth $437,000 after acquiring an additional 554 shares during the last quarter. Finally, Rise Advisors LLC acquired a new stake in ONEOK during the first quarter worth approximately $25,000. Institutional investors and hedge funds own 69.13% of the company’s stock.
Insider Transactions at ONEOK
In other news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $92.01, for a total transaction of $310,901.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on ONEOK
ONEOK Stock Performance
Shares of OKE stock opened at $94.98 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.62 and a quick ratio of 0.41. ONEOK, Inc. has a fifty-two week low of $63.33 and a fifty-two week high of $98.01. The stock’s 50-day moving average is $91.07 and its two-hundred day moving average is $84.36. The firm has a market cap of $55.43 billion, a P/E ratio of 22.09, a PEG ratio of 4.68 and a beta of 1.67.
ONEOK (NYSE:OKE – Get Free Report) last released its quarterly earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $5.52 billion. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. During the same quarter in the prior year, the company posted $1.04 EPS. Analysts predict that ONEOK, Inc. will post 5.09 earnings per share for the current fiscal 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.
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