29 May, 2017
For now, ONEOK, Inc.is the toast of Wall Street as its ABR stands at 2.90 with 1 out of 15 analysts rating the stock a buy. They now have a $57.00 price objective on the pipeline company's stock. Oneok Partners had 35 analyst reports since August 6, 2015 according to SRatingsIntel. As per Wednesday, May 4, the company rating was upgraded by Piper Jaffray. Citigroup had a markedly different take on 25/01/2017, proposing that ONEOK, Inc.is now considered Neutral versus prior Buy rating. TheStreet upgraded shares of ONEOK from a "c+" rating to a "b-" rating in a research note on Monday, March 6th. Finally, US Capital Advisors lowered Oneok Partners from an "overweight" rating to a "hold" rating in a research report on Wednesday, March 15th. They issued a "buy" rating and a $62.00 price objective on the stock.
More notable recent Oneok Partners LP (NYSE:OKS) news were published by: Nasdaq.com which released: "ONEOK Partners (OKS) Misses Q1 Earnings, Revenues Up Y/Y" on May 03, 2017, also Nasdaq.com with their article: "ONEOK Partners Stock Getting Very Oversold" published on May 04, 2017, Nasdaq.com published: "ONEOK Partners, LP (OKS) Ex-Dividend Date Scheduled for April 27, 2017" on April 26, 2017.
About 263,983 shares traded.
Hite Hedge Asset Management Llc decreased Nustar Gp Holdings Llc (NYSE:NSH) stake by 159,393 shares to 58,312 valued at $1.69 million in 2016Q4.
The stock's 50 day moving average is 52.10 and its 200 day moving average is 47.92. ONEOK, Inc. has a 12 month low of $40.67 and a 12 month high of $59.47. Kayne Anderson Capital Advisors Lp who had been investing in Oneok Partners Lp for a number of months, seems to be bullish on the $14.85B market cap company.
Last time, the company failed Wall Street by reporting EPS of $0.41, smashing the consensus of $0.43 per share. ONEOK had a return on equity of 9.99% and a net margin of 3.50%. The company had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.82 billion. During the same period in the previous year, the firm earned ($0.33) EPS.
By historical standards, ONEOK, Inc. remains a cheap stock. Stockholders of record on Monday, May 1st were paid a dividend of $0.615 per share. The ex-dividend date was Thursday, April 27th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 4.78%. ONEOK's dividend payout ratio (DPR) is presently 182.22%. Royal Bank of Canada reaffirmed a "hold" rating and set a $57.00 price target on shares of Oneok Partners in a report on Friday, May 12th. The legal version of this report can be accessed at https://transcriptdaily.com/2017/05/22/oneok-partners-lp-oks-position-maintained-by-whittier-trust-co-updated-updated.html.
Janney Montgomery Scott LLC boosted its stake in shares of ONEOK, Inc. The Hite Hedge Asset Management Llc holds 163,894 shares with $7.05M value, up from 9,070 last quarter. Arlington Capital Management Inc. boosted its position in ONEOK by 2.9% in the third quarter. LLC bought a new position in ONEOK during the third quarter worth $206,000. Can now owns 366,632 shares of the utilities provider's stock worth $18,852,000 after buying an additional 91,771 shares during the last quarter.
OLD Second National Bank of Aurora raised its stake in shares of ONEOK, Inc. Advantus Capital Management Inc now owns 20,634 shares of the utilities provider's stock valued at $1,060,000 after buying an additional 216 shares during the last quarter.
Other institutional investors have also made changes to their positions in the company.
ONEOK, Inc.is the sole general partner of ONEOK Partners, L.P., a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. In addition, the Company owns natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions. It operates through three divisions: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
