ONEOK (OKE) : Lifeplan Financial Group Inc added new position in ONEOK during the most recent quarter end. The investment management firm now holds 5,735 shares of ONEOK which is valued at $284,341 , the company said in a statement filed on Oct 5, 2016 with the SEC.ONEOK makes up approximately 0.20% of Lifeplan Financial Group Inc’s portfolio.
Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in OKE by selling 3,889 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 182,194 shares of OKE which is valued at $9,033,179. ONEOK makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in OKE in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 2,007 shares of ONEOK which is valued at $99,507. ONEOK makes up approx 0.02% of Washington Trust Bank’s portfolio.Eqis Capital Management reduced its stake in OKE by selling 2,050 shares or 28.33% in the most recent quarter. The Hedge Fund company now holds 5,187 shares of OKE which is valued at $257,171. ONEOK makes up approx 0.02% of Eqis Capital Management’s portfolio.
ONEOK closed down -1.57 points or -3.07% at $49.54 with 19,59,026 shares getting traded on Tuesday. Post opening the session at $50.48, the shares hit an intraday low of $49.05 and an intraday high of $50.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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 Aug 2, 2016. Analyst had a consensus of $0.42.Analysts expectations of $ 2112.75.During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on ONEOK. ONEOK was Downgraded by Morgan Stanley to ” Equal-Weight” on Oct 4, 2016. Company shares were Reiterated by RBC Capital Mkts on Aug 16, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 46 from a previous price target of $39 .
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.