Laurion Capital Management LP Has $273,000 Holdings in ONEOK, Inc. (OKE)

Laurion Capital Management LP lowered its stake in ONEOK, Inc. (NYSE:OKE) by 93.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,033 shares of the utilities provider’s stock after selling 55,667 shares during the period. Laurion Capital Management LP’s holdings in ONEOK were worth $273,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. JNBA Financial Advisors increased its stake in shares of ONEOK by 827.4% in the third quarter. JNBA Financial Advisors now owns 2,031 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 1,812 shares during the period. TRUE Private Wealth Advisors bought a new position in shares of ONEOK in the third quarter worth about $140,000. Rehmann Capital Advisory Group increased its stake in shares of ONEOK by 205.6% in the second quarter. Rehmann Capital Advisory Group now owns 2,442 shares of the utilities provider’s stock worth $171,000 after purchasing an additional 1,643 shares during the period. Palo Capital Inc. bought a new position in shares of ONEOK in the third quarter worth about $175,000. Finally, First Hawaiian Bank bought a new position in ONEOK during the third quarter valued at about $177,000. 73.22% of the stock is owned by institutional investors.

NYSE OKE opened at $60.19 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.51 and a current ratio of 0.74. The company has a market cap of $24.76 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 2.24 and a beta of 0.90. ONEOK, Inc. has a 1-year low of $51.28 and a 1-year high of $71.99.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 30th. The utilities provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.31 billion. ONEOK had a return on equity of 16.32% and a net margin of 6.96%. During the same period in the previous year, the business earned $0.43 earnings per share. On average, sell-side analysts predict that ONEOK, Inc. will post 2.83 EPS for the current year.

OKE has been the topic of several research reports. ValuEngine lowered ONEOK from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Wells Fargo & Co lowered their price target on ONEOK from $77.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, September 13th. Goldman Sachs Group initiated coverage on ONEOK in a research note on Monday, October 8th. They set a “neutral” rating and a $68.00 price target on the stock. Credit Suisse Group initiated coverage on ONEOK in a research note on Thursday, October 11th. They set a “neutral” rating and a $74.00 price target on the stock. Finally, Barclays lowered ONEOK from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $73.00 to $70.00 in a research note on Friday, October 12th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. ONEOK currently has an average rating of “Buy” and an average price target of $70.39.

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ONEOK Company Profile

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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