Friedberg Investment Management continued to hold its stake in shares of ONEOK, Inc. (NYSE:OKE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,220 shares of the utilities provider’s stock at the close of the second quarter. Friedberg Investment Management’s holdings in ONEOK were worth $742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of ONEOK by 17.3% during the second quarter. Vanguard Group Inc. now owns 27,197,952 shares of the utilities provider’s stock valued at $1,418,645,000 after acquiring an additional 4,002,795 shares during the period. BlackRock Inc. boosted its holdings in shares of ONEOK by 28.4% during the second quarter. BlackRock Inc. now owns 24,014,654 shares of the utilities provider’s stock valued at $1,252,605,000 after acquiring an additional 5,317,251 shares during the period. State Street Corp boosted its holdings in shares of ONEOK by 53.7% during the second quarter. State Street Corp now owns 17,416,296 shares of the utilities provider’s stock valued at $908,434,000 after acquiring an additional 6,086,061 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of ONEOK by 6.1% during the second quarter. Neuberger Berman Group LLC now owns 9,098,662 shares of the utilities provider’s stock valued at $474,586,000 after acquiring an additional 526,450 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of ONEOK by 25.1% during the second quarter. Bank of New York Mellon Corp now owns 6,825,358 shares of the utilities provider’s stock valued at $356,012,000 after acquiring an additional 1,369,438 shares during the period. 51.26% of the stock is owned by institutional investors.

ONEOK, Inc. (NYSE OKE) traded up 0.37% during midday trading on Monday, reaching $56.40. 494,471 shares of the company traded hands. The company has a market cap of $21.43 billion, a price-to-earnings ratio of 35.34 and a beta of 1.30. The company has a 50-day moving average price of $55.05 and a 200-day moving average price of $53.06. ONEOK, Inc. has a 12-month low of $45.41 and a 12-month high of $59.47.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.12). ONEOK had a net margin of 3.26% and a return on equity of 8.62%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the business posted $0.40 earnings per share. On average, analysts predict that ONEOK, Inc. will post $1.72 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of ONEOK from a “hold” rating to a “buy” rating in a report on Friday, August 4th. UBS AG raised shares of ONEOK from a “neutral” rating to a “buy” rating and boosted their price target for the company from $56.00 to $59.00 in a report on Wednesday, June 14th. BMO Capital Markets raised shares of ONEOK from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $53.00 to $59.00 in a report on Wednesday, July 5th. Argus raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, June 21st. Finally, Stifel Nicolaus assumed coverage on shares of ONEOK in a report on Monday, June 26th. They set a “hold” rating and a $48.00 price target for the company. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. ONEOK currently has a consensus rating of “Hold” and a consensus target price of $57.15.

ONEOK Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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