ONEOK, Inc. (OKE) Shares Bought by Dana Investment Advisors Inc.
Dana Investment Advisors Inc. lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 385.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,913 shares of the utilities provider’s stock after acquiring an additional 110,289 shares during the quarter. Dana Investment Advisors Inc.’s holdings in ONEOK were worth $7,246,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Delta Asset Management LLC TN purchased a new stake in shares of ONEOK during the second quarter valued at approximately $103,000. Ropes Wealth Advisors LLC purchased a new stake in shares of ONEOK during the second quarter valued at approximately $103,000. Smithfield Trust Co. increased its position in shares of ONEOK by 107.7% during the second quarter. Smithfield Trust Co. now owns 1,994 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 1,034 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. increased its position in shares of ONEOK by 31.3% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 3,071 shares of the utilities provider’s stock valued at $160,000 after acquiring an additional 732 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of ONEOK by 83.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,087 shares of the utilities provider’s stock valued at $161,000 after acquiring an additional 1,403 shares during the last quarter. 51.26% of the stock is owned by institutional investors.
A number of brokerages recently commented on OKE. BidaskClub raised ONEOK from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. UBS AG raised ONEOK from a “neutral” rating to a “buy” rating and increased their price objective for the company from $56.00 to $59.00 in a report on Wednesday, June 14th. BMO Capital Markets raised ONEOK from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $53.00 to $59.00 in a report on Wednesday, July 5th. Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Wednesday, June 21st. Finally, Stifel Nicolaus started coverage on ONEOK in a report on Monday, June 26th. They set a “hold” rating and a $48.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $57.15.
ONEOK, Inc. (NYSE OKE) traded down 1.41% during trading on Friday, hitting $55.90. The stock had a trading volume of 412,228 shares. The company has a market cap of $21.24 billion, a price-to-earnings ratio of 35.03 and a beta of 1.30. ONEOK, Inc. has a 52-week low of $45.41 and a 52-week high of $59.47. The company has a 50-day moving average price of $54.88 and a 200-day moving average price of $53.03.
ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the firm earned $0.40 EPS. Equities research analysts forecast that ONEOK, Inc. will post $1.72 EPS for the current year.
ONEOK Company 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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