Walnut Private Equity Partners LLC Acquires New Stake in ONEOK, Inc. (OKE)

Walnut Private Equity Partners LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) during the first quarter, Holdings Channel reports. The institutional investor acquired 99,927 shares of the company’s stock, valued at approximately $5,540,000. ONEOK makes up about 4.5% of Walnut Private Equity Partners LLC’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in ONEOK during the fourth quarter worth about $106,193,000. Janus Capital Management LLC increased its position in ONEOK by 308.7% in the fourth quarter. Janus Capital Management LLC now owns 1,516,062 shares of the company’s stock worth $87,037,000 after buying an additional 1,145,098 shares in the last quarter. Energy Income Partners LLC acquired a new position in ONEOK during the fourth quarter worth about $45,645,000. The Manufacturers Life Insurance Company acquired a new position in ONEOK during the third quarter worth about $36,425,000. Finally, State Street Corp increased its position in ONEOK by 5.8% in the fourth quarter. State Street Corp now owns 10,680,278 shares of the company’s stock worth $613,142,000 after buying an additional 584,770 shares in the last quarter. Hedge funds and other institutional investors own 72.13% of the company’s stock.

Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

Shares of ONEOK, Inc. (NYSE:OKE) traded down 0.92% during midday trading on Thursday, reaching $54.82. 550,002 shares of the company’s stock traded hands. ONEOK, Inc. has a 1-year low of $30.44 and a 1-year high of $59.47. The stock has a market capitalization of $11.55 billion, a P/E ratio of 33.02 and a beta of 1.19. The firm’s 50-day moving average price is $54.44 and its 200 day moving average price is $53.72.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 27th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.03. ONEOK had a net margin of 3.50% and a return on equity of 9.99%. During the same quarter in the previous year, the company earned $0.12 earnings per share. On average, equities analysts predict that ONEOK, Inc. will post $1.90 earnings per share for the current fiscal year.

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A number of equities analysts have recently issued reports on OKE shares. Zacks Investment Research downgraded shares of ONEOK from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 3rd. Jefferies Group LLC downgraded shares of ONEOK from a “hold” rating to an “underperform” rating and set a $46.00 target price for the company. in a research note on Thursday, January 12th. Credit Suisse Group AG upgraded shares of ONEOK from a “neutral” rating to an “outperform” rating and set a $63.00 target price for the company in a research note on Thursday, February 2nd. Citigroup Inc downgraded shares of ONEOK from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 25th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $58.00 target price on shares of ONEOK in a research note on Friday, January 6th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.36.

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.

5 Day Chart for NYSE:OKE

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).

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