Jump Financial LLC Buys New Holdings in ONEOK, Inc. (NYSE:OKE)

Jump Financial LLC purchased a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,338 shares of the utilities provider's stock, valued at approximately $1,942,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FNY Investment Advisers LLC increased its stake in shares of ONEOK by 14,279.1% during the fourth quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider's stock worth $2,208,000 after buying an additional 21,847 shares during the period. Kingswood Wealth Advisors LLC increased its stake in shares of ONEOK by 57.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider's stock worth $1,456,000 after buying an additional 5,321 shares during the period. Simon Quick Advisors LLC purchased a new stake in shares of ONEOK during the fourth quarter worth approximately $251,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of ONEOK by 9.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,544,208 shares of the utilities provider's stock worth $155,038,000 after buying an additional 136,071 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of ONEOK during the fourth quarter worth approximately $9,483,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Stock Up 2.1 %

Shares of NYSE OKE traded up $1.79 during mid-day trading on Thursday, reaching $86.45. The company had a trading volume of 888,002 shares, compared to its average volume of 3,162,417. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market capitalization of $54.00 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. The stock's 50 day moving average is $92.51 and its 200-day moving average is $99.10.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.11. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.18 billion. As a group, equities analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OKE has been the topic of several recent analyst reports. Morgan Stanley increased their price target on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Barclays decreased their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. US Capital Advisors upgraded ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Citigroup assumed coverage on shares of ONEOK in a research report on Friday, February 28th. They issued a "buy" rating and a $110.00 price target on the stock. Finally, Wells Fargo & Company dropped their price target on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $106.42.

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.