Andra AP fonden increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,000 shares of the utilities provider’s stock after acquiring an additional 3,000 shares during the quarter. Andra AP fonden’s holdings in ONEOK were worth $3,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of OKE. Dixon Hubard Feinour & Brown Inc. VA lifted its stake in ONEOK by 16.5% in the second quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 29,717 shares of the utilities provider’s stock valued at $2,075,000 after buying an additional 4,215 shares during the period. Global X Management Co LLC lifted its stake in ONEOK by 0.5% in the second quarter. Global X Management Co LLC now owns 534,805 shares of the utilities provider’s stock valued at $37,345,000 after buying an additional 2,922 shares during the period. Keybank National Association OH lifted its stake in ONEOK by 1.6% in the second quarter. Keybank National Association OH now owns 90,416 shares of the utilities provider’s stock valued at $6,314,000 after buying an additional 1,400 shares during the period. Bollard Group LLC lifted its stake in ONEOK by 1.9% in the second quarter. Bollard Group LLC now owns 152,638 shares of the utilities provider’s stock valued at $10,659,000 after buying an additional 2,812 shares during the period. Finally, SG Americas Securities LLC lifted its stake in ONEOK by 302.5% in the second quarter. SG Americas Securities LLC now owns 82,716 shares of the utilities provider’s stock valued at $5,776,000 after buying an additional 62,167 shares during the period. 73.13% of the stock is currently owned by institutional investors and hedge funds.

In other ONEOK news, Director Brian L. Derksen purchased 1,500 shares of the stock in a transaction on Monday, August 6th. The stock was bought at an average cost of $67.60 per share, for a total transaction of $101,400.00. Following the completion of the acquisition, the director now directly owns 5,100 shares of the company’s stock, valued at $344,760. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by corporate insiders.

Several research firms have weighed in on OKE. US Capital Advisors reissued a “buy” rating on shares of ONEOK in a research note on Tuesday, July 17th. Barclays increased their target price on ONEOK from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, July 11th. Wells Fargo & Co increased their target price on ONEOK from $69.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, August 2nd. Bank of America increased their target price on ONEOK from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, August 2nd. Finally, Jefferies Financial Group lowered ONEOK from a “buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a research note on Wednesday, July 18th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $69.53.

Shares of ONEOK stock opened at $68.18 on Friday. ONEOK, Inc. has a 1 year low of $49.65 and a 1 year high of $71.99. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 2.66 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 1.04.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, July 31st. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. ONEOK had a return on equity of 14.70% and a net margin of 6.07%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.20 billion. research analysts predict that ONEOK, Inc. will post 2.7 EPS for the current fiscal year.

About ONEOK

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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