Smith Moore adds ONEOK (OKE) to its portfolio

ONEOK (OKE) : Smith Moore added new position in ONEOK during the most recent quarter end. The investment management firm now holds 26,670 shares of ONEOK which is valued at $1.1 Million , the company said in a statement filed on May 12, 2016 with the SEC.ONEOK makes up approximately 0.48% of Smith Moore’s portfolio.

Other Hedge Funds, Including , Meeder Asset Management Inc added OKE to its portfolio by purchasing 401 company shares during the most recent quarter which is valued at $16,457. Bessemer Group Inc added OKE to its portfolio by purchasing 1,029 company shares during the most recent quarter which is valued at $42,230.Finemark National Bank Trust reduced its stake in OKE by selling 1,977 shares or 79.02% in the most recent quarter. The Hedge Fund company now holds 525 shares of OKE which is valued at $21,546.Bronfman E.l. Rothschild boosted its stake in OKE in the latest quarter, The investment management firm added 715 additional shares and now holds a total of 1,836 shares of ONEOK which is valued at $73,018. ONEOK makes up approx 0.01% of Bronfman E.l. Rothschild’s portfolio.Quadrant Capital Group boosted its stake in OKE in the latest quarter, The investment management firm added 860 additional shares and now holds a total of 1,081 shares of ONEOK which is valued at $39,078. ONEOK makes up approx 0.02% of Quadrant Capital Group’s portfolio.

ONEOK opened for trading at $41.61 and hit $42.07 on the upside on Friday, eventually ending the session at $42.04, with a gain of 1.20% or 0.5 points. The heightened volatility saw the trading volume jump to 20,86,751 shares. Company has a market cap of $8,833 M.

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. Company shares were Upgraded by Barclays on May 9, 2016 to ” Overweight”, Firm has raised the Price Target to $ 49 from a previous price target of $27 .

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.

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