Private Advisor Group LLC raised its stake in Oneok Partners LP (NYSE:OKS) by 2.0% during the first quarter, Holdings Channel reports. The fund owned 6,740 shares of the pipeline company’s stock after buying an additional 129 shares during the period. Private Advisor Group LLC’s holdings in Oneok Partners were worth $368,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of OKS. Kayne Anderson Capital Advisors LP boosted its position in shares of Oneok Partners by 2.5% in the third quarter. Kayne Anderson Capital Advisors LP now owns 12,081,263 shares of the pipeline company’s stock valued at $480,750,000 after buying an additional 295,984 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Oneok Partners by 2.4% in the third quarter. Alps Advisors Inc. now owns 10,043,916 shares of the pipeline company’s stock valued at $401,254,000 after buying an additional 235,469 shares during the last quarter. Energy Income Partners LLC acquired a new position in shares of Oneok Partners during the fourth quarter valued at about $146,652,000. ING Groep NV boosted its position in shares of Oneok Partners by 402.4% in the first quarter. ING Groep NV now owns 1,210,900 shares of the pipeline company’s stock valued at $65,376,000 after buying an additional 969,900 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Oneok Partners by 5.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,006,840 shares of the pipeline company’s stock valued at $54,359,000 after buying an additional 54,509 shares during the last quarter. Institutional investors own 36.68% of the company’s stock.
Oneok Partners LP (NYSE:OKS) traded up 1.24% during mid-day trading on Tuesday, hitting $51.24. 501,614 shares of the company’s stock traded hands. Oneok Partners LP has a one year low of $36.13 and a one year high of $57.41. The firm’s 50-day moving average price is $51.92 and its 200-day moving average price is $48.21. The stock has a market cap of $14.65 billion, a PE ratio of 22.24 and a beta of 0.56.
Oneok Partners (NYSE:OKS) last posted its earnings results on Monday, February 27th. The pipeline company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.59 billion. Oneok Partners had a net margin of 9.72% and a return on equity of 16.75%. During the same period last year, the company posted ($0.33) EPS. On average, analysts forecast that Oneok Partners LP will post $2.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend was Thursday, April 27th. Oneok Partners’s payout ratio is currently 239.40%.
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OKS has been the topic of several recent research reports. Zacks Investment Research cut shares of Oneok Partners from a “buy” rating to a “hold” rating in a report on Thursday, March 16th. BMO Capital Markets set a $53.00 target price on shares of Oneok Partners and gave the stock a “hold” rating in a report on Saturday, April 1st. US Capital Advisors cut shares of Oneok Partners from an “overweight” rating to a “hold” rating in a report on Wednesday, March 15th. Credit Suisse Group AG upgraded shares of Oneok Partners from a “neutral” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Thursday, February 2nd. Finally, Guggenheim initiated coverage on shares of Oneok Partners in a report on Monday, April 17th. They set a “neutral” rating and a $53.00 target price on the stock. Thirteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $46.93.
Oneok Partners Company Profile
ONEOK Partners, L.P. is engaged in gathering, processing, storage and transportation of natural gas in the United States. In addition, the Company owns natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
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