ONEOK (OKE) : Howe Rusling Inc reduced its stake in ONEOK by 21.21% during the most recent quarter end. The investment management company now holds a total of 136,216 shares of ONEOK which is valued at $6,828,508 after selling 36,674 shares in ONEOK , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.ONEOK makes up approximately 1.50% of Howe Rusling Inc’s portfolio.
Other Hedge Funds, Including , Crestpoint Capital Management added OKE to its portfolio by purchasing 11,700 company shares during the most recent quarter which is valued at $586,521. ONEOK makes up approx 0.31% of Crestpoint Capital Management’s portfolio.Duff Phelps Investment Management Co boosted its stake in OKE in the latest quarter, The investment management firm added 20,650 additional shares and now holds a total of 77,165 shares of ONEOK which is valued at $3,868,281. ONEOK makes up approx 0.06% of Duff Phelps Investment Management Co’s portfolio. Highland Capital Management added OKE to its portfolio by purchasing 32,454 company shares during the most recent quarter which is valued at $1,616,209. ONEOK makes up approx 0.14% of Highland Capital Management’s portfolio.Prospera Financial Services Inc boosted its stake in OKE in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 4,777 shares of ONEOK which is valued at $237,990. ONEOK makes up approx 0.05% of Prospera Financial Services Inc’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in OKE by selling 23,870 shares or 52.39% in the most recent quarter. The Hedge Fund company now holds 21,688 shares of OKE which is valued at $1,091,991. ONEOK makes up approx 0.02% of Oregon Public Employees Retirement Fund’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.