Oneok Inc. (NYSE:OKE) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $48.78 and last traded at $47.07, with a volume of 1,290,921 shares. The stock had previously closed at $47.41.

Several brokerages have recently issued reports on OKE. Simmons began coverage on shares of Oneok in a research note on Saturday, April 2nd. They issued a “hold” rating on the stock. US Capital Advisors downgraded shares of Oneok from an “overweight” rating to a “hold” rating in a research note on Wednesday, May 18th. Citigroup Inc. raised their price objective on shares of Oneok from $35.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, June 17th. Argus downgraded shares of Oneok from a “buy” rating to a “hold” rating in a research note on Friday, June 17th. Finally, Jefferies Group downgraded shares of Oneok from a “buy” rating to a “hold” rating and raised their price objective for the stock from $34.00 to $42.00 in a research note on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $34.31.

The company has a market capitalization of $9.95 billion and a P/E ratio of 37.38. The stock’s 50-day moving average price is $45.19 and its 200 day moving average price is $32.44.

Oneok (NYSE:OKE) last posted its earnings results on Tuesday, May 3rd. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. During the same period last year, the business earned $0.29 earnings per share. Equities analysts anticipate that Oneok Inc. will post $1.77 EPS for the current year.

Several hedge funds and institutional investors have bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Oneok by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 865,879 shares of the company’s stock worth $21,345,000 after buying an additional 13,812 shares during the last quarter. Advisors Asset Management Inc. raised its position in Oneok by 38.2% in the fourth quarter. Advisors Asset Management Inc. now owns 695,431 shares of the company’s stock worth $17,149,000 after buying an additional 192,219 shares during the last quarter. Marshall Wace LLP acquired a new position in Oneok during the fourth quarter worth $5,260,000. Suntrust Banks Inc. raised its position in Oneok by 115.9% in the fourth quarter. Suntrust Banks Inc. now owns 41,416 shares of the company’s stock worth $1,021,000 after buying an additional 22,233 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in Oneok by 7.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,200,000 shares of the company’s stock worth $29,592,000 after buying an additional 87,000 shares during the last quarter.

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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