ONEOK, Inc. (OKE) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its stake in shares of ONEOK, Inc. (NYSE:OKE) by 1.5% during the first quarter, Holdings Channel reports. The fund owned 403,374 shares of the utilities provider’s stock after selling 6,185 shares during the period. New York State Teachers Retirement System’s holdings in ONEOK were worth $22,363,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV bought a new stake in ONEOK during the first quarter valued at about $100,000. Huntington National Bank raised its stake in ONEOK by 33.7% in the first quarter. Huntington National Bank now owns 2,196 shares of the utilities provider’s stock valued at $122,000 after buying an additional 554 shares during the last quarter. Financial Architects Inc raised its stake in ONEOK by 165.4% in the first quarter. Financial Architects Inc now owns 3,755 shares of the utilities provider’s stock valued at $208,000 after buying an additional 2,340 shares during the last quarter. Agran Libbie bought a new stake in ONEOK during the first quarter valued at about $213,000. Finally, Pacer Advisors Inc. raised its stake in ONEOK by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,913 shares of the utilities provider’s stock valued at $217,000 after buying an additional 121 shares during the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

ONEOK, Inc. (NYSE:OKE) opened at 50.54 on Tuesday. ONEOK, Inc. has a 12-month low of $42.79 and a 12-month high of $59.47. The firm’s 50-day moving average price is $50.45 and its 200 day moving average price is $54.16. The stock has a market capitalization of $10.66 billion, a P/E ratio of 30.17 and a beta of 1.28.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.04. ONEOK had a net margin of 3.60% and a return on equity of 10.33%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.82 billion. On average, equities analysts anticipate that ONEOK, Inc. will post $1.91 EPS for the current year.

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Several equities research analysts have recently issued reports on the company. Jefferies Group LLC set a $51.00 price objective on ONEOK and gave the company a “hold” rating in a research note on Friday, June 16th. Stifel Nicolaus assumed coverage on ONEOK in a research note on Monday. They issued a “hold” rating and a $48.00 price objective for the company. TheStreet raised ONEOK from a “c+” rating to a “b-” rating in a research note on Monday, March 6th. Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday, June 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $53.00 price objective on shares of ONEOK in a research note on Wednesday, March 1st. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $56.33.

In other ONEOK news, Director Eduardo A. Rodriguez sold 2,000 shares of the company’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $50.34, for a total transaction of $100,680.00. Following the transaction, the director now directly owns 18,125 shares in the company, valued at $912,412.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate 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.

Want to see what other hedge funds are holding OKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONEOK, Inc. (NYSE:OKE).

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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