Buckley Wealth Management LLC reduced its stake in shares of ONEOK, Inc. (NYSE:OKE) by 7.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,843 shares of the utilities provider’s stock after selling 906 shares during the quarter. Buckley Wealth Management LLC’s holdings in ONEOK were worth $757,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Reilly Financial Advisors LLC raised its holdings in ONEOK by 142.4% in the fourth quarter. Reilly Financial Advisors LLC now owns 497 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 292 shares in the last quarter. PRW Wealth Management LLC purchased a new stake in shares of ONEOK during the fourth quarter worth about $27,000. Capital Financial Planning LLC purchased a new stake in shares of ONEOK during the fourth quarter worth about $30,000. Covington Capital Management grew its stake in shares of ONEOK by 46.3% during the fourth quarter. Covington Capital Management now owns 585 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 185 shares during the last quarter. Finally, Liberty Wealth Management LLC purchased a new stake in shares of ONEOK during the fourth quarter worth about $33,000. 75.67% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Eduardo A. Rodriguez sold 1,500 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $66.75, for a total value of $100,125.00. Following the completion of the transaction, the director now directly owns 15,536 shares of the company’s stock, valued at approximately $1,037,028. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the company. SunTrust Banks assumed coverage on ONEOK in a research note on Friday, January 18th. They set a “buy” rating and a $72.00 price target on the stock. Barclays set a $66.00 target price on ONEOK and gave the company a “hold” rating in a research report on Wednesday, January 16th. Raymond James initiated coverage on ONEOK in a research report on Thursday, January 10th. They issued a “strong-buy” rating and a $72.00 target price on the stock. JPMorgan Chase & Co. upgraded ONEOK from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $75.00 to $74.00 in a research report on Tuesday, January 8th. Finally, US Capital Advisors reiterated a “buy” rating on shares of ONEOK in a research report on Wednesday, January 16th. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $71.11.

NYSE OKE traded up $0.23 during mid-day trading on Thursday, hitting $70.04. The stock had a trading volume of 1,145,882 shares, compared to its average volume of 2,756,527. ONEOK, Inc. has a twelve month low of $50.26 and a twelve month high of $71.99. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.66. The company has a market cap of $28.80 billion, a P/E ratio of 25.19, a P/E/G ratio of 2.02 and a beta of 1.23.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 25th. The utilities provider reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). ONEOK had a net margin of 9.14% and a return on equity of 17.10%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the company posted $0.53 earnings per share. As a group, sell-side analysts predict that ONEOK, Inc. will post 3.01 EPS for the current fiscal year.

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ONEOK Profile

ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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