PineBridge Investments L.P. lowered its stake in Oneok Inc. (NYSE:OKE) by 14.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,164 shares of the company’s stock after selling 1,502 shares during the period. PineBridge Investments L.P.’s holdings in Oneok were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Group LTD boosted its position in Oneok by 21.2% in the first quarter. BlackRock Group LTD now owns 2,310,037 shares of the company’s stock valued at $68,977,000 after buying an additional 404,516 shares in the last quarter. Franklin Resources Inc. boosted its position in Oneok by 4.1% in the first quarter. Franklin Resources Inc. now owns 22,803 shares of the company’s stock valued at $682,000 after buying an additional 900 shares in the last quarter. Teachers Advisors Inc. boosted its position in Oneok by 15.8% in the first quarter. Teachers Advisors Inc. now owns 285,423 shares of the company’s stock valued at $8,523,000 after buying an additional 38,915 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Oneok by 13.7% in the first quarter. TIAA CREF Investment Management LLC now owns 863,472 shares of the company’s stock valued at $25,783,000 after buying an additional 103,808 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Oneok by 59.2% in the first quarter. IFP Advisors Inc now owns 7,036 shares of the company’s stock valued at $210,000 after buying an additional 2,617 shares in the last quarter. 72.31% of the stock is owned by hedge funds and other institutional investors.

Shares of Oneok Inc. (NYSE:OKE) opened at 47.39 on Tuesday. Oneok Inc. has a 52-week low of $18.84 and a 52-week high of $51.13. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 37.40 and a beta of 1.11. The stock has a 50 day moving average of $47.12 and a 200 day moving average of $41.04.

Oneok (NYSE:OKE) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ 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 last year, the firm earned $0.36 earnings per share. On average, analysts predict that Oneok Inc. will post $1.79 EPS for the current fiscal year.

Several research firms recently issued reports on OKE. RBC Capital Markets reissued a “sector perform” rating and set a $46.00 price target (up from $39.00) on shares of Oneok in a report on Tuesday, August 16th. Royal Bank Of Canada increased their price target on shares of Oneok from $39.00 to $46.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 16th. Jefferies Group increased their price target on shares of Oneok from $42.00 to $43.00 and gave the stock a “hold” rating in a report on Monday, July 25th. Zacks Investment Research cut shares of Oneok from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Argus cut shares of Oneok from a “buy” rating to a “hold” rating in a report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $37.71.

Oneok Company Profile

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.

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