ONEOK, Inc. (NYSE:OKE) Shares Purchased by Transform Wealth LLC

Transform Wealth LLC increased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,285 shares of the utilities provider’s stock after buying an additional 614 shares during the quarter. Transform Wealth LLC’s holdings in ONEOK were worth $9,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in ONEOK by 2,643.5% in the fourth quarter. Wellington Management Group LLP now owns 1,170,739 shares of the utilities provider’s stock valued at $82,209,000 after purchasing an additional 1,128,066 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of ONEOK during the 4th quarter valued at $103,000. CWM LLC increased its holdings in shares of ONEOK by 1.8% during the 1st quarter. CWM LLC now owns 37,603 shares of the utilities provider’s stock worth $3,015,000 after buying an additional 676 shares during the last quarter. GAMMA Investing LLC raised its position in shares of ONEOK by 11.3% in the 1st quarter. GAMMA Investing LLC now owns 5,450 shares of the utilities provider’s stock worth $437,000 after buying an additional 554 shares during the period. Finally, Rise Advisors LLC acquired a new position in ONEOK in the first quarter valued at $25,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Morgan Stanley upgraded ONEOK from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. JPMorgan Chase & Co. raised their price target on shares of ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, June 26th. Scotiabank lifted their price target on shares of ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research report on Friday, August 30th. Wells Fargo & Company increased their price objective on shares of ONEOK from $91.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, Citigroup lifted their target price on shares of ONEOK from $85.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.38.

Insider Buying and Selling

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction that occurred on 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 SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

ONEOK Stock Up 0.5 %

OKE stock traded up $0.46 during midday trading on Wednesday, hitting $95.44. 363,924 shares of the company’s stock were exchanged, compared to its average volume of 2,745,245. The firm has a 50 day moving average price of $91.07 and a 200-day moving average price of $84.36. ONEOK, Inc. has a 12-month low of $63.33 and a 12-month high of $98.01. The stock has a market capitalization of $55.70 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 4.68 and a beta of 1.67. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $5.52 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, analysts anticipate that ONEOK, Inc. will post 5.09 EPS for the current year.

ONEOK Company 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.