HL Financial Services LLC Acquires New Position in Oneok Inc. (OKE)
HL Financial Services LLC bought a new stake in Oneok Inc. (NYSE:OKE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,064 shares of the company’s stock, valued at approximately $240,000.
A number of other institutional investors have also added to or reduced their stakes in OKE. BlackRock Fund Advisors boosted 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. Norges Bank acquired a new position in Oneok during the fourth quarter valued at about $35,309,000. Sasco Capital Inc. CT boosted its position in 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 last quarter. State Street Corp boosted its position in 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 last quarter. Finally, Harvest Fund Advisors LLC acquired a new position in Oneok during the first quarter valued at about $12,773,000. Institutional investors own 72.29% of the company’s stock.
Shares of Oneok Inc. (NYSE:OKE) traded up 0.88% on Friday, reaching $51.39. The company’s stock had a trading volume of 2,050,755 shares. Oneok Inc. has a 1-year low of $18.84 and a 1-year high of $51.72. The stock has a market capitalization of $10.81 billion, a PE ratio of 39.08 and a beta of 1.11. The stock has a 50-day moving average of $48.29 and a 200 day moving average of $42.27.
Oneok (NYSE:OKE) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 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 quarter last year, the business posted $0.36 EPS. On average, equities analysts forecast that Oneok Inc. will post $1.73 EPS for the current year.
Several equities research analysts have recently commented on OKE shares. Jefferies Group lowered Oneok from a “buy” rating to a “hold” rating and boosted their price target for the stock from $34.00 to $42.00 in a research note on Wednesday, June 8th. Citigroup Inc. boosted their price target on Oneok from $35.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, June 17th. Argus lowered Oneok from a “buy” rating to a “hold” rating in a research note on Friday, June 17th. RBC Capital Markets reissued a “sector perform” rating and set a $46.00 price target (up previously from $39.00) on shares of Oneok in a research note on Tuesday, August 16th. Finally, Royal Bank Of Canada boosted their price target on Oneok from $39.00 to $46.00 and gave the stock a “sector perform” rating in a research note 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’s stock. The stock has a consensus rating of “Hold” and a consensus 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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