Loomis Sayles & Co. L P raised its position in shares of ONEOK, Inc. (NYSE:OKE) by 648.1% during the first quarter, Holdings Channel reports. The firm owned 5,050 shares of the utilities provider’s stock after buying an additional 4,375 shares during the period. Loomis Sayles & Co. L P’s holdings in ONEOK were worth $280,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of OKE. Cleararc Capital Inc. boosted its stake in shares of ONEOK by 0.7% in the first quarter. Cleararc Capital Inc. now owns 5,147 shares of the utilities provider’s stock worth $285,000 after buying an additional 36 shares during the period. Capstone Asset Management Co. boosted its stake in shares of ONEOK by 0.4% in the first quarter. Capstone Asset Management Co. now owns 18,444 shares of the utilities provider’s stock worth $1,023,000 after buying an additional 80 shares during the period. Sentry Investment Management LLC boosted its stake in shares of ONEOK by 0.5% in the first quarter. Sentry Investment Management LLC now owns 15,196 shares of the utilities provider’s stock worth $842,000 after buying an additional 81 shares during the period. Capital Advisors Inc. OK boosted its stake in shares of ONEOK by 0.9% in the first quarter. Capital Advisors Inc. OK now owns 9,832 shares of the utilities provider’s stock worth $545,000 after buying an additional 92 shares during the period. Finally, Meiji Yasuda Life Insurance Co boosted its stake in shares of ONEOK by 1.9% in the first quarter. Meiji Yasuda Life Insurance Co now owns 5,420 shares of the utilities provider’s stock worth $300,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 81.60% of the company’s stock.
Shares of ONEOK, Inc. (OKE) traded up 1.11% during midday trading on Friday, hitting $48.32. 409,530 shares of the company were exchanged. ONEOK, Inc. has a 52-week low of $42.79 and a 52-week high of $59.47. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 28.85 and a beta of 1.28. The company has a 50-day moving average price of $50.45 and a 200-day moving average price of $54.16.
ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, May 2nd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.04. ONEOK had a return on equity of 10.33% and a net margin of 3.60%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.82 billion. On average, analysts forecast that ONEOK, Inc. will post $1.88 EPS for the current year.
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A number of equities research analysts have recently commented on the stock. Guggenheim assumed coverage on shares of ONEOK in a research report on Monday, April 17th. They issued a “buy” rating and a $62.00 target price for the company. Argus upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Wednesday. Jefferies Group LLC set a $51.00 target price on shares of ONEOK and gave the company a “hold” rating in a research report on Friday, June 16th. TheStreet raised shares of ONEOK from a “c+” rating to a “b-” rating in a report on Monday, March 6th. Finally, Zacks Investment Research lowered shares of ONEOK from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 4th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $57.09.
In other news, Director Eduardo A. Rodriguez sold 2,000 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $50.34, for a total transaction of $100,680.00. Following the completion of the sale, the director now owns 18,125 shares in the company, valued at approximately $912,412.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by insiders.
ONEOK Company Profile
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 business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines.
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