JP Morgan Chase & Co Reiterates Neutral Rating for ONEOK, Inc. (OKE)

Lloyd Doyle
September 17, 2017

The value of the company's investment in ONEOK, Inc. increased from $1,769,000 to $9,681,000 a change of 447.3% quarter to quarter. 68 funds opened positions while 176 raised stakes.

As of the end of the quarter Arlington Capital Management, Inc. had disposed of 5,220 shares trimming its position 3.1%.

Advisors Asset Management Inc decreased Oneok Inc New (OKE) stake by 16.57% reported in 2016Q4 SEC filing. (NYSE:OKE). Voya Invest Mngmt Ltd Liability Corp holds 142,012 shares. Apriem Advsr has 45 shares. Moors & Cabot holds 4,409 shares or 0.04% of its portfolio. Fincl Architects holds 0.02% or 1,415 shares in its portfolio. Sl Advisors, LLC added to its investment by buying 6,080 shares an increase of 3.9%. Brown Advisory Incorporated reported 300,228 shares stake. Oneok Inc New now has $21.65 billion valuation. During the same period in the prior year, the company earned $0.40 earnings per share.

The company is now up since yesterday's close of 56.48. Dnb Asset As holds 0% of its portfolio in ONEOK, Inc.

COPYRIGHT VIOLATION WARNING: "ONEOK, Inc". Stephens Inc. AR now owns 15,430 shares of the utilities provider's stock valued at $805,000 after buying an additional 58 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in ONEOK by 0.7% during the 1st quarter. (NYSE:OKE). Bush Odonnell Inv Advsr reported 3,905 shares. Currently, 381.7 million total shares are owned by the public and among those 377.47 million shares have been available to trade.


Looking forward, the company's quarterly earnings are expected to come at $0.46 in the three months through September 2017 and $0.49 in the quarter ending December 2017, reflecting 4.55% and 13.95% growth, respectively. Neuberger Berman Group LLC now owns 8,572,212 shares of the utilities provider's stock valued at $475,243,000 after acquiring an additional 1,190,284 shares in the last quarter. Argus restated a "buy" rating and set a $59.00 price target (up from $55.00) on shares of ONEOK in a research note on Thursday, August 24th. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $56.41 on company shares. Therefore 14% are positive.

OKE has been the subject of a number of research reports. Jefferies upgraded ONEOK, Inc. On June 26, 2017 Stifel Nicolaus began coverage of OKE giving it an initial rating of "Hold". (NYSE:OKE) traded down 1.29% during trading on Wednesday, reaching $53.52. Zacks Investment Research lowered shares of ONEOK from a hold rating to a sell rating in a research note on Tuesday, June 27th. The rating was downgraded by Citigroup to "Neutral" on Wednesday, January 25. On Tuesday, August 11 the stock rating was maintained by Oppenheimer with "Outperform". Barclays Capital has "Equal Weight" rating and $58.0 target. As per Monday, September 11, the company rating was upgraded by J.P. Morgan. (NYSE:OKE). Tradewinds Capital Management Ltd Liability Corporation reported 0.1% of its portfolio in ONEOK, Inc. The firm has "Outperform" rating given on Thursday, February 2 by Credit Suisse. The rating was maintained by RBC Capital Markets with "Hold" on Monday, June 19. Short interest decreased from 14,275,327 to 12,120,858 over that period. The current 14-day ATR for ONEOK Inc (OKE) is now sitting at 0.91. It has outperformed by 7.11% the S&P500. ONEOK, Inc. (NYSE:OKE)'s short interest is 12.71 million shares, or 6.08% of the float. (NYSE:OKE) to report earnings on November, 7. OKE's profit will be $174.84M for 30.96 P/E if the $0.46 EPS becomes a reality. After $0.33 actual EPS reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 39.39% EPS growth.

ONEOK, Inc is an energy midstream service provider in the United States. The Firm owns and operates natural gas liquids systems, and is engaged in the gathering, processing, storage and transportation of natural gas. It has a 20.45 P/E ratio. 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. (NYSE:OKE). The Arizona-based Tci Wealth Advsr has invested 0% in ONEOK, Inc.

Viking Fund Management Llc decreased Carrizo Oil & Gas Inc (NASDAQ:CRZO) stake by 60,000 shares to 310,000 valued at $11.58 million in 2016Q4.

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