Gotham Asset Management LLC raised its position in shares of ONEOK, Inc. (NYSE:OKE) by 294.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 222,144 shares of the utilities provider’s stock after buying an additional 165,837 shares during the quarter. Gotham Asset Management LLC owned about 0.06% of ONEOK worth $11,587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cipher Capital LP raised its stake in ONEOK by 166.9% during the second quarter. Cipher Capital LP now owns 56,337 shares of the utilities provider’s stock valued at $2,938,000 after buying an additional 35,228 shares in the last quarter. Crawford Investment Counsel Inc. raised its stake in ONEOK by 61.2% during the second quarter. Crawford Investment Counsel Inc. now owns 40,635 shares of the utilities provider’s stock valued at $2,120,000 after buying an additional 15,427 shares in the last quarter. Capital Advisors Inc. OK raised its stake in ONEOK by 224.8% during the second quarter. Capital Advisors Inc. OK now owns 31,934 shares of the utilities provider’s stock valued at $1,666,000 after buying an additional 22,102 shares in the last quarter. Blair William & Co. IL raised its stake in ONEOK by 90.7% during the second quarter. Blair William & Co. IL now owns 15,933 shares of the utilities provider’s stock valued at $831,000 after buying an additional 7,576 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in ONEOK by 1.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 319,726 shares of the utilities provider’s stock valued at $16,677,000 after buying an additional 5,312 shares in the last quarter. Hedge funds and other institutional investors own 51.26% of the company’s stock.

Several brokerages have issued reports on OKE. UBS AG upgraded ONEOK from a “neutral” rating to a “buy” rating and upped their price objective for the company from $56.00 to $59.00 in a research note on Wednesday, June 14th. BidaskClub cut ONEOK from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded ONEOK from a “strong sell” rating to a “hold” rating in a research note on Friday, July 14th. Credit Suisse Group cut their price objective on ONEOK from $64.00 to $61.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. Finally, BMO Capital Markets raised ONEOK from a “market perform” rating to an “outperform” rating and upped their target price for the company from $53.00 to $59.00 in a report on Wednesday, July 5th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $57.15.

Shares of ONEOK, Inc. (NYSE:OKE) traded down 0.90% during trading on Friday, reaching $56.19. The company had a trading volume of 1,866,082 shares. The company has a market cap of $21.35 billion, a P/E ratio of 35.21 and a beta of 1.30. The firm has a 50-day moving average of $55.05 and a 200-day moving average of $53.06. ONEOK, Inc. has a 12-month low of $45.41 and a 12-month high of $59.47.

ONEOK (NYSE:OKE) last posted its earnings results 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 firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the firm posted $0.40 EPS. On average, equities research analysts anticipate that ONEOK, Inc. will post $1.72 EPS for the current year.

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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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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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