Oneok Inc. (OKE) Shares Sold by Nationwide Fund Advisors
Nationwide Fund Advisors decreased its stake in shares of Oneok Inc. (NYSE:OKE) by 1.6% during the second quarter, Holdings Channel reports. The institutional investor owned 59,642 shares of the company’s stock after selling 985 shares during the period. Nationwide Fund Advisors’ holdings in Oneok were worth $2,830,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Oneok during the fourth quarter worth approximately $35,309,000. Aperio Group LLC increased its position in shares of Oneok by 33.9% in the first quarter. Aperio Group LLC now owns 127,243 shares of the company’s stock worth $3,799,000 after buying an additional 32,197 shares during the period. Virginia Retirement System acquired a new position in shares of Oneok during the first quarter worth approximately $678,000. IFP Advisors Inc increased its position in shares of Oneok by 59.2% in the first quarter. IFP Advisors Inc now owns 7,036 shares of the company’s stock worth $210,000 after buying an additional 2,617 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in shares of Oneok by 13.7% in the first quarter. TIAA CREF Investment Management LLC now owns 863,472 shares of the company’s stock worth $25,783,000 after buying an additional 103,808 shares during the period. 72.29% of the stock is owned by hedge funds and other institutional investors.
Oneok Inc. (NYSE:OKE) traded down 0.62% on Friday, reaching $49.36. 1,529,972 shares of the company were exchanged. Oneok Inc. has a 52 week low of $18.84 and a 52 week high of $51.72. The stock has a 50-day moving average price of $48.60 and a 200 day moving average price of $43.00. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 37.54 and a beta of 1.10.
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 return on equity of 9.41% and a net margin of 3.58%. During the same quarter last year, the business earned $0.36 EPS. Analysts forecast that Oneok Inc. will post $1.72 earnings per share for the current year.
A number of brokerages recently commented on OKE. Morgan Stanley downgraded shares of Oneok from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock 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 reissued a “sector perform” rating and issued a $46.00 price objective (up previously from $39.00) on shares of Oneok in a research note on Tuesday, August 16th. Royal Bank Of Canada boosted their price objective on shares of Oneok from $39.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 16th. Jefferies Group boosted their price objective on shares of Oneok from $42.00 to $43.00 and gave the stock a “hold” rating in a research note on Monday, July 25th. Finally, Zacks Investment Research downgraded shares of Oneok from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. Oneok has a consensus rating of “Hold” and a consensus price target of $38.93.
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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