Stratos Wealth Partners LTD. acquired a new stake in ONEOK, Inc. (NYSE:OKE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,591 shares of the utilities provider’s stock, valued at approximately $255,000.

Other large investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV acquired a new stake in ONEOK during the first quarter worth about $100,000. Blenheim Capital Management BV purchased a new stake in shares of ONEOK during the fourth quarter valued at about $122,000. Huntington National Bank raised its stake in shares of ONEOK by 33.7% in the first quarter. Huntington National Bank now owns 2,196 shares of the utilities provider’s stock valued at $122,000 after buying an additional 554 shares in the last quarter. Tuttle Tactical Management LLC bought a new position in ONEOK during the third quarter valued at $151,000. Finally, Financial Architects Inc raised its position in ONEOK by 165.4% in the first quarter. Financial Architects Inc now owns 3,755 shares of the utilities provider’s stock valued at $208,000 after buying an additional 2,340 shares during the period. 81.60% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

ONEOK, Inc. (OKE) traded down 1.12% during mid-day trading on Monday, hitting $50.40. 929,205 shares of the company traded hands. The firm has a 50 day moving average of $50.68 and a 200 day moving average of $54.24. The firm has a market capitalization of $10.63 billion, a P/E ratio of 30.09 and a beta of 1.28. ONEOK, Inc. has a one year low of $42.79 and a one year high of $59.47.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, May 2nd. The utilities provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.04. ONEOK had a return on equity of 10.33% and a net margin of 3.60%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.82 billion. Equities research analysts expect that ONEOK, Inc. will post $1.88 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/06/19/4591-shares-in-oneok-inc-oke-acquired-by-stratos-wealth-partners-ltd-updated.html.

Several equities research analysts have recently issued reports on OKE shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $53.00 price target on shares of ONEOK in a research report on Monday, April 17th. Zacks Investment Research raised ONEOK from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Wednesday, March 8th. Guggenheim initiated coverage on ONEOK in a report on Monday, April 17th. They set a “buy” rating and a $62.00 price objective on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $58.00 target price on shares of ONEOK in a research note on Friday, May 12th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $51.00 price objective on shares of ONEOK in a research report on Friday, March 31st. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $57.30.

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.

Receive News & Stock Ratings for ONEOK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK Inc. and related stocks with our FREE daily email newsletter.