Sanibel Captiva Trust Company Inc. Acquires 1,331 Shares of ONEOK, Inc. (NYSE:OKE)

Sanibel Captiva Trust Company Inc. increased its stake in ONEOK, Inc. (NYSE:OKE) by 19.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,248 shares of the utilities provider’s stock after purchasing an additional 1,331 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in ONEOK were worth $828,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in OKE. Kieckhefer Group LLC purchased a new position in ONEOK during the fourth quarter valued at approximately $30,000. Matrix Trust Co purchased a new position in shares of ONEOK during the 3rd quarter valued at $29,000. Quest Partners LLC purchased a new position in shares of ONEOK during the 2nd quarter valued at $28,000. Access Investment Management LLC bought a new position in ONEOK in the 3rd quarter worth $37,000. Finally, Values First Advisors Inc. bought a new stake in ONEOK during the third quarter valued at about $44,000. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Scotiabank assumed coverage on ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target on the stock. US Capital Advisors raised shares of ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. UBS Group raised their target price on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Mizuho upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

ONEOK Price Performance

NYSE:OKE opened at $109.08 on Friday. The stock has a 50 day moving average of $106.17 and a two-hundred day moving average of $95.65. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07. 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 current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE) last posted its quarterly 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). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the prior year, the business posted $0.99 earnings per share. On average, analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal 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.