LaFleur & Godfrey LLC Makes New Investment in ONEOK, Inc. (NYSE:OKE)

LaFleur & Godfrey LLC purchased a new stake in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,271 shares of the utilities provider’s stock, valued at approximately $931,000.

Other large investors have also made changes to their positions in the company. Matrix Trust Co acquired a new position in ONEOK in the third quarter valued at about $29,000. Kieckhefer Group LLC bought a new position in shares of ONEOK during the 4th quarter valued at about $30,000. Access Investment Management LLC acquired a new position in shares of ONEOK in the 3rd quarter valued at approximately $37,000. Values First Advisors Inc. bought a new stake in ONEOK during the 3rd quarter worth approximately $44,000. Finally, Fortitude Family Office LLC raised its holdings in ONEOK by 37.4% during the 3rd quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after buying an additional 135 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

NYSE OKE opened at $109.08 on Monday. The firm’s fifty day moving average price is $106.17 and its two-hundred day moving average price is $95.74. ONEOK, Inc. has a 1 year low of $67.05 and a 1 year high of $118.07. The firm has a market capitalization 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 issued its 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 firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter last year, the business posted $0.99 earnings per share. As a group, research analysts anticipate that ONEOK, Inc. will post 5.1 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on OKE. Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Barclays upped their target price on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. UBS Group upped their price objective on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Scotiabank assumed coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.92.

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.