Today: The Tower Research Capital LLC TRC Buys Shares of 2,593 Oneok Inc. (OKE)

The Tower Research Capital LLC TRC Buys Shares of 2,593 Oneok Inc. (OKE)

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.

About Oneok

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.

Related posts

Leave a Comment