Northwestern Mutual Investment Management Company LLC Buys 1 Shares of Oneok Inc. (OKE)
Northwestern Mutual Investment Management Company LLC increased its position in shares of Oneok Inc. (NYSE:OKE) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,018 shares of the company’s stock after buying an additional 1 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Oneok were worth $380,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. 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 worth $982,554,000 after buying an additional 1,401,380 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Oneok by 6.2% in the second quarter. BlackRock Fund Advisors now owns 11,605,034 shares of the company’s stock valued at $550,659,000 after buying an additional 677,055 shares during the period. State Street Corp boosted its stake in shares of Oneok by 4.8% in the first quarter. State Street Corp now owns 10,113,298 shares of the company’s stock valued at $301,992,000 after buying an additional 465,388 shares during the period. Sasco Capital Inc. CT boosted its stake in shares of Oneok by 14.4% in the first quarter. Sasco Capital Inc. CT now owns 5,670,365 shares of the company’s stock valued at $169,317,000 after buying an additional 711,734 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Oneok by 21.9% in the second quarter. Bank of New York Mellon Corp now owns 4,038,472 shares of the company’s stock valued at $191,625,000 after buying an additional 724,684 shares during the period. 72.29% of the stock is currently owned by institutional investors and hedge funds.
Oneok Inc. (NYSE:OKE) opened at 48.94 on Thursday. The stock has a market cap of $10.28 billion, a PE ratio of 38.63 and a beta of 1.11. Oneok Inc. has a 12 month low of $18.84 and a 12 month high of $51.13. The company has a 50-day moving average of $47.38 and a 200-day moving average of $41.24.
Oneok (NYSE:OKE) last announced its quarterly earnings data 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 return on equity of 9.41% and a net margin of 3.58%. During the same quarter in the previous year, the firm earned $0.36 earnings per share. On average, equities analysts forecast that Oneok Inc. will post $1.81 EPS for the current fiscal year.
Several equities research analysts recently issued reports on OKE shares. Jefferies Group cut Oneok from a “buy” rating to a “hold” rating and boosted their price target for the company from $34.00 to $42.00 in a research note on Wednesday, June 8th. Citigroup Inc. upped their price target on shares of Oneok from $35.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, June 17th. RBC Capital Markets reiterated a “sector perform” rating and set a $46.00 price target (up from $39.00) on shares of Oneok in a report on Tuesday, August 16th. Zacks Investment Research downgraded shares of Oneok from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Royal Bank Of Canada increased their price objective 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 given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price 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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