6,000 Shares in Oneok Inc. (OKE) Acquired by Rice Hall James & Associates LLC
Rice Hall James & Associates LLC bought a new stake in Oneok Inc. (NYSE:OKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,000 shares of the company’s stock, valued at approximately $285,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its position 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 in the last quarter. 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 worth $169,317,000 after buying an additional 711,734 shares in the last quarter. BlackRock Group LTD boosted its position in Oneok by 21.2% in the first quarter. BlackRock Group LTD now owns 2,310,037 shares of the company’s stock worth $68,977,000 after buying an additional 404,516 shares in the last quarter. Geode Capital Management LLC boosted its position in Oneok by 2.9% in the first quarter. Geode Capital Management LLC now owns 1,715,697 shares of the company’s stock worth $51,126,000 after buying an additional 48,653 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Oneok by 2.9% in the first quarter. Legal & General Group Plc now owns 1,030,202 shares of the company’s stock worth $30,757,000 after buying an additional 28,955 shares in the last quarter. Institutional investors and hedge funds own 72.28% of the company’s stock.
Shares of Oneok Inc. (NYSE:OKE) traded down 1.05% during trading on Tuesday, hitting $49.82. 1,097,118 shares of the company were exchanged. The company’s 50-day moving average price is $48.62 and its 200 day moving average price is $43.35. Oneok Inc. has a 12 month low of $18.84 and a 12 month high of $51.72. The stock has a market cap of $10.48 billion, a P/E ratio of 37.89 and a beta of 1.10.
Oneok (NYSE:OKE) last announced 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 posted $0.36 EPS. On average, equities analysts predict that Oneok Inc. will post $1.72 earnings per share for the current fiscal year.
A number of research firms recently commented on OKE. Jefferies Group reiterated a “hold” rating on shares of Oneok in a report on Wednesday, August 3rd. Deutsche Bank AG upgraded Oneok from a “sell” rating to a “hold” rating and upped their price objective for the company from $49.00 to $52.00 in a report on Monday. Zacks Investment Research upgraded Oneok from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday, July 26th. Royal Bank Of Canada upped 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. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $46.00 price objective (up from $39.00) on shares of Oneok in a report on Tuesday, August 16th. Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Oneok has a consensus rating of “Hold” and an average price target of $40.79.
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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