Virginia Retirement Systems ET AL acquired a new stake in shares of Oneok Inc. (NYSE:OKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,700 shares of the company’s stock, valued at approximately $3,450,000.

A number of other institutional investors have also added to or reduced their stakes in OKE. Westpac Banking Corp boosted its position in Oneok by 34.6% in the second quarter. Westpac Banking Corp now owns 9,934 shares of the company’s stock valued at $471,000 after buying an additional 2,551 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in Oneok by 142.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,288 shares of the company’s stock valued at $156,000 after buying an additional 1,933 shares during the last quarter. Vanguard Group Inc. boosted its position in Oneok by 7.3% in the second quarter. Vanguard Group Inc. now owns 20,707,166 shares of the company’s stock valued at $982,554,000 after buying an additional 1,401,380 shares during the last quarter. Principal Financial Group Inc. boosted its position in Oneok by 11.8% in the second quarter. Principal Financial Group Inc. now owns 1,095,335 shares of the company’s stock valued at $51,974,000 after buying an additional 115,976 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in Oneok by 17.2% in the second quarter. Brown Advisory Inc. now owns 11,800 shares of the company’s stock valued at $560,000 after buying an additional 1,728 shares during the last quarter. 72.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of Oneok Inc. (NYSE:OKE) opened at 48.94 on Thursday. The firm has a 50-day moving average price of $47.38 and a 200-day moving average price of $41.24. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 38.63 and a beta of 1.11. Oneok Inc. has a 52 week low of $18.84 and a 52 week high of $51.13.

Oneok (NYSE:OKE) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Oneok had a return on equity of 9.41% and a net margin of 3.58%. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, equities analysts anticipate that Oneok Inc. will post $1.81 earnings per share for the current year.

Several equities analysts have recently weighed in on OKE shares. Jefferies Group cut Oneok from a “buy” rating to a “hold” rating and increased their price target for the company from $34.00 to $42.00 in a report on Wednesday, June 8th. Argus cut Oneok from a “buy” rating to a “hold” rating in a report on Friday, June 17th. Citigroup Inc. increased their price target on Oneok from $35.00 to $53.00 and gave the company a “buy” rating in a report on Friday, June 17th. Zacks Investment Research raised Oneok from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday, July 26th. Finally, Royal Bank Of Canada increased their price target on Oneok from $39.00 to $46.00 and gave the company a “sector perform” rating in a report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $37.71.

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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