ING Groep NV cut its stake in ONEOK, Inc. (NYSE:OKE) by 47.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,642 shares of the utilities provider’s stock after selling 5,173 shares during the quarter. ING Groep NV’s holdings in ONEOK were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Starr International Co. Inc. bought a new stake in shares of ONEOK in the third quarter worth approximately $8,089,000. New York State Common Retirement Fund grew its stake in shares of ONEOK by 1.6% in the third quarter. New York State Common Retirement Fund now owns 552,700 shares of the utilities provider’s stock worth $30,625,000 after acquiring an additional 8,800 shares during the period. Neuberger Berman Group LLC grew its stake in shares of ONEOK by 3.3% in the third quarter. Neuberger Berman Group LLC now owns 9,398,693 shares of the utilities provider’s stock worth $520,782,000 after acquiring an additional 300,031 shares during the period. Shell Asset Management Co. grew its stake in shares of ONEOK by 240.1% in the third quarter. Shell Asset Management Co. now owns 47,465 shares of the utilities provider’s stock worth $3,111,000 after acquiring an additional 33,507 shares during the period. Finally, Lincoln National Corp bought a new stake in shares of ONEOK in the third quarter worth approximately $374,000. Hedge funds and other institutional investors own 66.24% of the company’s stock.
ONEOK, Inc. (NYSE:OKE) opened at $57.02 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.47. The stock has a market cap of $23,240.00, a P/E ratio of 35.64, a P/E/G ratio of 1.77 and a beta of 1.26. ONEOK, Inc. has a 1-year low of $47.14 and a 1-year high of $61.36.
OKE has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of ONEOK from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. UBS Group lifted their price target on shares of ONEOK from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $55.00 price target on shares of ONEOK in a research note on Friday, November 3rd. Credit Suisse Group initiated coverage on shares of ONEOK in a research note on Monday, January 8th. They issued an “outperform” rating and a $62.00 price target for the company. Finally, Bank of America initiated coverage on shares of ONEOK in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $60.15.
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ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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