Clarius Group LLC Purchases 276 Shares of ONEOK, Inc. (NYSE:OKE)

Clarius Group LLC increased its holdings in ONEOK, Inc. (NYSE:OKE) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,955 shares of the utilities provider’s stock after purchasing an additional 276 shares during the period. Clarius Group LLC’s holdings in ONEOK were worth $397,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Matrix Trust Co bought a new stake in shares of ONEOK in the 3rd quarter worth about $29,000. Kieckhefer Group LLC bought a new stake in ONEOK during the fourth quarter worth approximately $30,000. Access Investment Management LLC bought a new stake in ONEOK during the third quarter worth approximately $37,000. Values First Advisors Inc. bought a new stake in shares of ONEOK in the 3rd quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of ONEOK by 37.4% in the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank of Canada increased their price target on ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Scotiabank started coverage on shares of ONEOK in a report on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target on the stock. Mizuho raised shares of ONEOK to a “hold” rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK Price Performance

Shares of OKE stock opened at $109.08 on Monday. ONEOK, Inc. has a 1-year low of $67.05 and a 1-year high of $118.07. The company has a market cap of $63.72 billion, a P/E ratio of 22.82, a PEG ratio of 4.35 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock’s 50-day moving average is $106.17 and its 200 day moving average is $95.74.

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