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

Walnut Private Equity Partners LLC grew its position in ONEOK, Inc. (NYSE:OKE) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,995 shares of the utilities provider’s stock after acquiring an additional 6,000 shares during the quarter. ONEOK comprises 6.4% of Walnut Private Equity Partners LLC’s holdings, making the stock its 7th largest position. Walnut Private Equity Partners LLC’s holdings in ONEOK were worth $7,771,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ropes Wealth Advisors LLC purchased a new position in shares of ONEOK in the second quarter valued at approximately $103,000. Winslow Evans & Crocker Inc. lifted its position in shares of ONEOK by 462.9% in the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,620 shares in the last quarter. Mercer Capital Advisers Inc. lifted its position in shares of ONEOK by 229.8% in the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock valued at $110,000 after acquiring an additional 1,379 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in shares of ONEOK by 332.8% in the third quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 1,744 shares during the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of ONEOK in the third quarter valued at approximately $150,000. Institutional investors and hedge funds own 70.89% of the company’s stock.

In other ONEOK news, Director Brian L. Derksen purchased 1,800 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $51.00 per share, with a total value of $91,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

ONEOK, Inc. (NYSE:OKE) traded up $1.62 during mid-day trading on Friday, reaching $58.36. The company’s stock had a trading volume of 3,359,400 shares, compared to its average volume of 3,701,400. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.55. The firm has a market capitalization of $22,520.00, a PE ratio of 36.48, a price-to-earnings-growth ratio of 2.88 and a beta of 1.26. ONEOK, Inc. has a one year low of $47.14 and a one year high of $59.30.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). ONEOK had a net margin of 3.76% and a return on equity of 9.25%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. analysts predict that ONEOK, Inc. will post 1.79 EPS for the current fiscal year.

Several equities research analysts recently commented on the company. Credit Suisse Group assumed coverage on ONEOK in a report on Monday. They issued an “outperform” rating and a $62.00 price target for the company. Wells Fargo & Co raised ONEOK from a “market perform” rating to an “outperform” rating in a report on Thursday. Bank of America assumed coverage on ONEOK in a report on Tuesday. They issued a “neutral” rating for the company. BMO Capital Markets set a $62.00 price target on ONEOK and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $55.00 price target on shares of ONEOK in a report on Friday, November 3rd. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $59.14.

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ONEOK Profile

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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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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