Duff Phelps Investment Management Co buys $3,868,281 stake in ONEOK (OKE)

ONEOK (OKE) : Duff Phelps Investment Management Co scooped up 20,650 additional shares in ONEOK during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 77,165 shares of ONEOK which is valued at $3,868,281.ONEOK makes up approximately 0.06% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , National Pension Service added OKE to its portfolio by purchasing 725 company shares during the most recent quarter which is valued at $36,344.Legal General Group Plc boosted its stake in OKE in the latest quarter, The investment management firm added 77,275 additional shares and now holds a total of 1,169,108 shares of ONEOK which is valued at $58,244,961. ONEOK makes up approx 0.06% of Legal General Group Plc’s portfolio.Trust Co Of Oklahoma boosted its stake in OKE in the latest quarter, The investment management firm added 4,200 additional shares and now holds a total of 16,384 shares of ONEOK which is valued at $808,714. ONEOK makes up approx 0.45% of Trust Co Of Oklahoma’s portfolio. Lifeplan Financial Group Inc added OKE to its portfolio by purchasing 5,735 company shares during the most recent quarter which is valued at $284,341. ONEOK makes up approx 0.20% of Lifeplan Financial Group Inc’s portfolio.

ONEOK opened for trading at $50.05 and hit $50.68 on the upside on Friday, eventually ending the session at $50.13, with a gain of 0.66% or 0.33 points. The heightened volatility saw the trading volume jump to 18,38,263 shares. Company has a market cap of $10,549 M.

On the company’s financial health, ONEOK reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.42.Analysts expectations of $ 2112.75.During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on ONEOK. ONEOK was Downgraded by Morgan Stanley to ” Equal-Weight” on Oct 4, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 16, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 46 from a previous price target of $39 .

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 segments: Natural Gas Gathering and Processing Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather fractionate treat and distribute natural gas liquids (NGLs) and store NGL products primarily in Oklahoma Kansas Texas New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.

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