Mutual of America Capital Management LLC Has $2.41 Million Stake in ONEOK, Inc. (OKE)
Mutual of America Capital Management LLC lifted its position in ONEOK, Inc. (NYSE:OKE) by 97.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,160 shares of the utilities provider’s stock after acquiring an additional 22,785 shares during the period. Mutual of America Capital Management LLC’s holdings in ONEOK were worth $2,408,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. BRYN MAWR TRUST Co acquired a new stake in shares of ONEOK during the second quarter valued at approximately $235,000. Thrivent Financial For Lutherans lifted its position in shares of ONEOK by 82.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 14,730 shares of the utilities provider’s stock valued at $768,000 after acquiring an additional 6,670 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of ONEOK by 9.3% in the 2nd quarter. ProShare Advisors LLC now owns 78,017 shares of the utilities provider’s stock valued at $4,069,000 after acquiring an additional 6,654 shares in the last quarter. Profund Advisors LLC lifted its position in shares of ONEOK by 60.8% in the 2nd quarter. Profund Advisors LLC now owns 31,673 shares of the utilities provider’s stock valued at $1,652,000 after acquiring an additional 11,979 shares in the last quarter. Finally, Investment Centers of America Inc. lifted its position in shares of ONEOK by 48.5% in the 2nd quarter. Investment Centers of America Inc. now owns 6,238 shares of the utilities provider’s stock valued at $324,000 after acquiring an additional 2,036 shares in the last quarter. 51.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of ONEOK, Inc. (OKE) opened at 55.41 on Monday. The stock’s 50 day moving average price is $53.98 and its 200 day moving average price is $52.90. ONEOK, Inc. has a one year low of $45.41 and a one year high of $59.47. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 34.72 and a beta of 1.30.
ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, August 1st. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.12). The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.64 billion. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. During the same period in the prior year, the firm posted $0.40 earnings per share. Analysts expect that ONEOK, Inc. will post $1.72 EPS for the current fiscal year.
Several equities analysts have weighed in on OKE shares. Argus upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Wednesday, June 21st. BidaskClub upgraded ONEOK from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Morgan Stanley lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $54.00 target price for the company. in a report on Wednesday, July 5th. Barclays PLC assumed coverage on ONEOK in a research report on Tuesday, September 5th. They issued an “equal weight” rating and a $58.00 target price for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $52.00 target price (up previously from $51.00) on shares of ONEOK in a research report on Friday, September 1st. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $57.57.
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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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