Tower Research Capital LLC TRC purchased a new position in Oneok Inc. (NYSE:OKE) during the second quarter, Holdings Channel reports. The fund purchased 2,593 shares of the company’s stock, valued at approximately $123,000.
A number of other large investors also recently bought and sold shares of OKE. Baker Ellis Asset Management LLC acquired a new position in shares of Oneok during the second quarter worth about $133,000. Mizuho Asset Management Co. Ltd. boosted its position in shares of Oneok by 142.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,288 shares of the company’s stock worth $156,000 after buying an additional 1,933 shares in the last quarter. Webster Bank N. A. acquired a new position in shares of Oneok during the second quarter worth about $203,000. National Planning Corp acquired a new position in shares of Oneok during the first quarter worth about $206,000. Finally, First Dallas Securities Inc. acquired a new position in shares of Oneok during the second quarter worth about $218,000. Institutional investors and hedge funds own 72.28% of the company’s stock.
Shares of Oneok Inc. (NYSE:OKE) opened at 49.82 on Wednesday. Oneok Inc. has a 12 month low of $18.84 and a 12 month high of $51.72. The firm has a 50-day moving average of $48.67 and a 200 day moving average of $43.40. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 37.89 and a beta of 1.10.
Oneok (NYSE:OKE) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ 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 in the prior year, the business earned $0.36 earnings per share. On average, analysts expect that Oneok Inc. will post $1.72 earnings per share for the current year.
OKE has been the subject of a number of analyst reports. Morgan Stanley cut shares of Oneok from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $48.00 to $50.00 in a report on Tuesday, October 4th. They noted that the move was a valuation call. Citigroup Inc. lifted their price objective on shares of Oneok from $35.00 to $53.00 and gave the company a “buy” rating in a report on Friday, June 17th. RBC Capital Markets reiterated a “sector perform” rating and set a $46.00 price objective (up from $39.00) on shares of Oneok in a report on Tuesday, August 16th. Deutsche Bank AG upgraded shares of Oneok from a “sell” rating to a “hold” rating and lifted their price objective for the company from $49.00 to $52.00 in a report on Monday. Finally, Jefferies Group lifted their price objective on shares of Oneok from $42.00 to $43.00 and gave the company a “hold” rating in a report on Monday, July 25th. Fourteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $40.79.
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.