Partners Group Holding AG Has $772,000 Stake in ONEOK, Inc. (OKE)
Partners Group Holding AG held its stake in ONEOK, Inc. (NYSE:OKE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the utilities provider’s stock at the end of the second quarter. Partners Group Holding AG’s holdings in ONEOK were worth $772,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of ONEOK by 17.3% in the second quarter. Vanguard Group Inc. now owns 27,197,952 shares of the utilities provider’s stock valued at $1,418,645,000 after purchasing an additional 4,002,795 shares during the period. BlackRock Inc. increased its stake in ONEOK by 28.4% in the second quarter. BlackRock Inc. now owns 24,014,654 shares of the utilities provider’s stock valued at $1,252,605,000 after purchasing an additional 5,317,251 shares during the last quarter. State Street Corp increased its stake in ONEOK by 6.1% in the first quarter. State Street Corp now owns 11,330,235 shares of the utilities provider’s stock valued at $628,143,000 after purchasing an additional 649,957 shares during the last quarter. Neuberger Berman Group LLC increased its stake in ONEOK by 6.1% in the second quarter. Neuberger Berman Group LLC now owns 9,098,662 shares of the utilities provider’s stock valued at $474,586,000 after purchasing an additional 526,450 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in ONEOK by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 6,825,358 shares of the utilities provider’s stock valued at $356,012,000 after purchasing an additional 1,369,438 shares during the last quarter. Institutional investors and hedge funds own 51.26% of the company’s stock.
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ONEOK, Inc. (OKE) traded up 0.30% during midday trading on Tuesday, reaching $56.01. 797,060 shares of the company’s stock traded hands. The stock has a market capitalization of $21.28 billion, a price-to-earnings ratio of 35.09 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’s 50-day moving average price is $54.44 and its 200 day moving average price is $52.96.
ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, August 1st. The utilities provider reported $0.33 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 analysts’ expectations of $2.64 billion. During the same quarter last year, the firm earned $0.40 EPS. On average, equities research analysts expect that ONEOK, Inc. will post $1.72 earnings per share for the current year.
A number of analysts have issued reports on the company. J P Morgan Chase & Co reissued a “neutral” rating and issued a $58.00 price target on shares of ONEOK in a research note on Monday, September 11th. Argus reaffirmed a “buy” rating and set a $59.00 price objective (up previously from $55.00) on shares of ONEOK in a research note on Thursday, August 24th. Credit Suisse Group cut their price objective on shares of ONEOK from $64.00 to $61.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of ONEOK from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Morgan Stanley lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective on the stock. in a report on Wednesday, July 5th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. ONEOK presently has a consensus rating of “Hold” and an average target price of $57.57.
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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