UMB Bank n.a. Has $705,000 Stock Position in ONEOK, Inc. (NYSE:OKE)

UMB Bank n.a. cut its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,021 shares of the utilities provider’s stock after selling 1,248 shares during the period. UMB Bank n.a.’s holdings in ONEOK were worth $705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OKE. International Assets Investment Management LLC raised its position in ONEOK by 9,439.9% in the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock valued at $294,440,000 after buying an additional 3,197,121 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of ONEOK by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock valued at $1,593,023,000 after purchasing an additional 661,854 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of ONEOK during the third quarter valued at about $47,957,000. Yaupon Capital Management LP purchased a new position in ONEOK during the third quarter worth about $45,194,000. Finally, National Bank of Canada FI grew its position in ONEOK by 199.9% in the 3rd quarter. National Bank of Canada FI now owns 697,985 shares of the utilities provider’s stock worth $63,605,000 after purchasing an additional 465,243 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group upped their target price on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a research report on Wednesday, December 18th. Bank of America initiated coverage on shares of ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Barclays lifted their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK Trading Up 0.8 %

OKE stock opened at $109.84 on Wednesday. ONEOK, Inc. has a one year low of $67.05 and a one year high of $118.07. The company has a market capitalization of $64.17 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 4.66 and a beta of 1.70. The company’s 50 day moving average price is $106.17 and its two-hundred day moving average price is $96.02. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the previous year, the business earned $0.99 earnings per share. As a group, analysts predict that ONEOK, Inc. will post 5.1 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.