Yorkville Capital Management LLC acquired a new position in ONEOK, Inc. (NYSE:OKE) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 5,000 shares of the utilities provider’s stock, valued at approximately $261,000.
Several other institutional investors have also added to or reduced their stakes in the stock. W. E. Donoghue & Co. LLC purchased a new stake in shares of ONEOK in the 2nd quarter worth about $17,217,000. Achmea Investment Management B.V. boosted its position in shares of ONEOK by 8.6% in the 2nd quarter. Achmea Investment Management B.V. now owns 36,150 shares of the utilities provider’s stock worth $1,883,000 after buying an additional 2,854 shares in the last quarter. Sentry Investment Management LLC boosted its position in shares of ONEOK by 6.9% in the 2nd quarter. Sentry Investment Management LLC now owns 16,252 shares of the utilities provider’s stock worth $848,000 after buying an additional 1,056 shares in the last quarter. Atlantic Trust LLC purchased a new stake in shares of ONEOK in the 2nd quarter worth about $378,000. Finally, Toronto Dominion Bank boosted its position in shares of ONEOK by 122.6% in the 2nd quarter. Toronto Dominion Bank now owns 126,615 shares of the utilities provider’s stock worth $6,603,000 after buying an additional 69,744 shares in the last quarter. Institutional investors and hedge funds own 51.30% of the company’s stock.
ONEOK, Inc. (NYSE OKE) traded up 0.09% on Tuesday, reaching $56.30. 352,726 shares of the company’s stock were exchanged. The stock has a market capitalization of $21.39 billion, a P/E ratio of 35.28 and a beta of 1.30. ONEOK, Inc. has a 1-year low of $45.41 and a 1-year high of $59.47. The firm’s 50 day moving average is $55.67 and its 200 day moving average is $53.17.
ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, August 1st. The utilities provider reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.12). The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. ONEOK had a return on equity of 8.62% and a net margin of 3.26%. During the same period in the prior year, the firm earned $0.40 earnings per share. Analysts expect that ONEOK, Inc. will post $1.72 EPS for the current year.
Several research firms recently commented on OKE. BidaskClub upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Credit Suisse Group decreased their price objective on shares of ONEOK from $64.00 to $61.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $58.00 price objective on shares of ONEOK in a research report on Monday, September 11th. Argus reiterated a “buy” rating and issued a $59.00 price objective (up from $55.00) on shares of ONEOK in a research report on Thursday, August 24th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $54.00 price objective on shares of ONEOK in a research report on Thursday, October 12th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. ONEOK currently has a consensus rating of “Buy” and an average price target of $58.64.
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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