ONEOK, Inc. (OKE) Shares Bought by Walnut Private Equity Partners LLC

Walnut Private Equity Partners LLC grew its stake in ONEOK, Inc. (NYSE:OKE) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 154,150 shares of the utilities provider’s stock after purchasing an additional 405 shares during the period. ONEOK makes up approximately 7.4% of Walnut Private Equity Partners LLC’s holdings, making the stock its 7th biggest holding. Walnut Private Equity Partners LLC’s holdings in ONEOK were worth $8,316,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JNBA Financial Advisors raised its stake in ONEOK by 827.4% during the third quarter. JNBA Financial Advisors now owns 2,031 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 1,812 shares during the period. TRUE Private Wealth Advisors acquired a new stake in ONEOK during the third quarter worth about $140,000. Sound Income Strategies LLC raised its stake in ONEOK by 1,391.8% during the fourth quarter. Sound Income Strategies LLC now owns 2,745 shares of the utilities provider’s stock worth $148,000 after acquiring an additional 2,561 shares during the period. Rehmann Capital Advisory Group raised its stake in ONEOK by 205.6% during the second quarter. Rehmann Capital Advisory Group now owns 2,442 shares of the utilities provider’s stock worth $171,000 after acquiring an additional 1,643 shares during the period. Finally, Palo Capital Inc. acquired a new stake in ONEOK during the third quarter worth about $175,000. Hedge funds and other institutional investors own 73.14% of the company’s stock.

Shares of NYSE:OKE traded down $0.25 during mid-day trading on Friday, hitting $59.79. The stock had a trading volume of 200,404 shares, compared to its average volume of 2,919,162. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.51 and a current ratio of 0.74. The company has a market cap of $24.57 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. ONEOK, Inc. has a 12-month low of $50.26 and a 12-month high of $71.99.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, October 30th. The utilities provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.04. ONEOK had a net margin of 6.96% and a return on equity of 16.32%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, equities analysts predict that ONEOK, Inc. will post 2.82 earnings per share for the current year.

Several research firms have commented on OKE. Raymond James began coverage on shares of ONEOK in a research report on Thursday. They issued a “strong-buy” rating and a $72.00 target price for the company. Zacks Investment Research upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Friday, October 19th. Wells Fargo & Co upped their target price on shares of ONEOK from $75.00 to $76.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. ValuEngine cut shares of ONEOK from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Goldman Sachs Group assumed coverage on shares of ONEOK in a report on Monday, October 8th. They issued a “neutral” rating and a $68.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $70.47.

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About ONEOK

ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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