ONEOK, Inc. (NYSE:OKE) Shares Sold by Godsey & Gibb Inc.

Godsey & Gibb Inc. trimmed its stake in ONEOK, Inc. (NYSE:OKE) by 34.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,133 shares of the utilities provider’s stock after selling 603 shares during the quarter. Godsey & Gibb Inc.’s holdings in ONEOK were worth $114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quest Partners LLC purchased a new position in ONEOK in the 2nd quarter valued at about $28,000. Matrix Trust Co acquired a new position in shares of ONEOK in the third quarter valued at approximately $29,000. Kieckhefer Group LLC purchased a new position in shares of ONEOK during the fourth quarter valued at approximately $30,000. Access Investment Management LLC acquired a new stake in ONEOK during the third quarter worth approximately $37,000. Finally, Values First Advisors Inc. purchased a new stake in ONEOK in the 3rd quarter worth approximately $44,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on OKE shares. Royal Bank of Canada increased their price target on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 16th. Bank of America started coverage on ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 target price on the stock. Mizuho upgraded ONEOK to a “hold” rating in a report on Thursday, November 7th. Barclays increased their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $101.54.

ONEOK Stock Performance

Shares of OKE stock opened at $106.83 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The company has a market cap of $62.41 billion, a PE ratio of 22.35, a P/E/G ratio of 4.35 and a beta of 1.70. The company’s fifty day simple moving average is $105.95 and its 200-day simple moving average is $95.28. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week high of $118.07.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the business earned $0.99 earnings per share. As a group, equities research analysts anticipate 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.