Trillium Asset Management LLC raised its stake in shares of Oneok Inc. (NYSE:OKE) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,823 shares of the company’s stock after buying an additional 158 shares during the period. Trillium Asset Management LLC’s holdings in Oneok were worth $608,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp raised its position in Oneok by 17.9% in the first quarter. M&T Bank Corp now owns 18,673 shares of the company’s stock valued at $557,000 after buying an additional 2,831 shares during the last quarter. Menta Capital LLC acquired a new position in Oneok during the first quarter valued at approximately $355,000. NN Investment Partners Holdings N.V. acquired a new position in Oneok during the first quarter valued at approximately $756,000. JPMorgan Chase & Co. raised its position in Oneok by 9.6% in the first quarter. JPMorgan Chase & Co. now owns 983,391 shares of the company’s stock valued at $29,365,000 after buying an additional 85,754 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in Oneok by 38.9% in the first quarter. BlackRock Fund Advisors now owns 10,927,979 shares of the company’s stock valued at $326,309,000 after buying an additional 3,062,297 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.
Shares of Oneok Inc. (NYSE:OKE) traded down 0.62% on Friday, reaching $49.36. The company had a trading volume of 1,529,972 shares. The company has a 50-day moving average price of $48.60 and a 200-day moving average price of $43.00. The firm has a market capitalization of $10.39 billion, a PE ratio of 37.54 and a beta of 1.10. Oneok Inc. has a 52-week low of $18.84 and a 52-week high of $51.72.
Oneok (NYSE:OKE) last released its earnings results on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.03. Oneok had a net margin of 3.58% and a return on equity of 9.41%. During the same period in the previous year, the business posted $0.36 earnings per share. Equities research analysts forecast that Oneok Inc. will post $1.72 EPS for the current fiscal year.
Several research firms recently commented on OKE. Morgan Stanley lowered Oneok from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $48.00 to $50.00 in a research note on Tuesday, October 4th. They noted that the move was a valuation call. RBC Capital Markets reiterated a “sector perform” rating and issued a $46.00 target price (up from $39.00) on shares of Oneok in a research note on Tuesday, August 16th. Royal Bank Of Canada upped their target price on Oneok from $39.00 to $46.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 16th. Jefferies Group boosted their price target on Oneok from $42.00 to $43.00 and gave the company a “hold” rating in a research report on Monday, July 25th. Finally, Zacks Investment Research downgraded Oneok from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. Oneok currently has a consensus rating of “Hold” and a consensus price target of $38.93.
Oneok Company Profile
ONEOK, Inc is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.
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