ONEOK (OKE) : Cadence Capital Management reduced its stake in ONEOK by 0.31% during the most recent quarter end. The investment management company now holds a total of 506,793 shares of ONEOK which is valued at $20,155,158 after selling 1,579 shares in ONEOK , the firm said in a disclosure report filed with the SEC on May 2, 2016.ONEOK makes up approximately 1.41% of Cadence Capital Management’s portfolio.
ONEOK opened for trading at $38.63 and hit $39.96 on the upside on Friday, eventually ending the session at $39.77, with a gain of 2.08% or 0.81 points. The heightened volatility saw the trading volume jump to 24,09,083 shares. Company has a market cap of $8,356 M.
Other Hedge Funds, Including , Parkwood reduced its stake in OKE by selling 4,153 shares or 17.99% in the most recent quarter. The Hedge Fund company now holds 18,937 shares of OKE which is valued at $753,124. ONEOK makes up approx 0.13% of Parkwood’s portfolio.Ingalls Snyder boosted its stake in OKE in the latest quarter, The investment management firm added 11,302 additional shares and now holds a total of 123,183 shares of ONEOK which is valued at $4,453,065. ONEOK makes up approx 0.27% of Ingalls Snyder’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in OKE in the latest quarter, The investment management firm added 471 additional shares and now holds a total of 49,213 shares of ONEOK which is valued at $1,779,050. ONEOK makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.Trillium Asset Management boosted its stake in OKE in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 12,665 shares of ONEOK which is valued at $453,534. ONEOK makes up approx 0.03% of Trillium Asset Management’s portfolio.
On the company’s financial health, ONEOK reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.42.Analysts expectations of $ 2117.86.During the same quarter in the previous year, the company posted $0.29 EPS.
Many Wall Street Analysts have commented on ONEOK. Shares were Downgraded by Robert W. Baird on Feb 8, 2016 to ” Neutral” and Lowered the Price Target to $ 24 from a previous price target of $28 .
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 segments: Natural Gas Gathering and Processing Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather fractionate treat and distribute natural gas liquids (NGLs) and store NGL products primarily in Oklahoma Kansas Texas New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.