How Analysts Feel About ONEOK, Inc. (NYSE:OKE)?

September 13, 2017 - By Marie Mckinney

 How Analysts Feel About ONEOK, Inc. (NYSE:OKE)?
Investors sentiment increased to 1.21 in 2016 Q4. Its up 0.01, from 1.2 in 2016Q3. It improved, as 37 investors sold ONEOK, Inc. shares while 165 reduced holdings. 68 funds opened positions while 176 raised stakes. 153.12 million shares or 3.46% more from 148.00 million shares in 2016Q3 were reported.
Proshare Advsrs Lc holds 67,033 shares. Veritable L P owns 8,304 shares. Washington Tru Fincl Bank has 0.03% invested in ONEOK, Inc. (NYSE:OKE) for 2,561 shares. Gabelli Funds Lc stated it has 808,000 shares. Riverhead Mgmt, Delaware-based fund reported 72,688 shares. Manchester Management Ltd Liability Company reported 49 shares. Stone Run Cap Ltd Liability Corporation accumulated 0.22% or 5,950 shares. 28,111 are owned by Cadence Cap. New Jersey Better Educational Savings Tru holds 0.33% or 9,000 shares. California-based Denali Advsrs Limited Liability has invested 0.53% in ONEOK, Inc. (NYSE:OKE). Millennium Mngmt Llc reported 0.01% of its portfolio in ONEOK, Inc. (NYSE:OKE). Cushing Asset Management Lp holds 1.65% in ONEOK, Inc. (NYSE:OKE) or 958,268 shares. New Jersey-based Groesbeck Management Corp Nj has invested 3.2% in ONEOK, Inc. (NYSE:OKE). Timber Hill Ltd has 0% invested in ONEOK, Inc. (NYSE:OKE) for 16,422 shares. 7.38 million were reported by Neuberger Berman Limited Liability.

ONEOK, Inc. (NYSE:OKE) Ratings Coverage

Among 16 analysts covering ONEOK (NYSE:OKE), 4 have Buy rating, 0 Sell and 12 Hold. Therefore 25% are positive. ONEOK had 51 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was initiated by Credit Suisse with “Neutral” on Monday, September 14. The firm earned “Hold” rating on Friday, June 17 by Argus Research. Jefferies maintained ONEOK, Inc. (NYSE:OKE) rating on Friday, June 16. Jefferies has “Hold” rating and $5100 target. Morgan Stanley downgraded the shares of OKE in report on Tuesday, October 4 to “Equal-Weight” rating. On Tuesday, August 15 the stock rating was maintained by BMO Capital Markets with “Buy”. Argus Research maintained the stock with “Buy” rating in Thursday, August 24 report. J.P. Morgan upgraded ONEOK, Inc. (NYSE:OKE) on Monday, September 11 to “Hold” rating. The stock of ONEOK, Inc. (NYSE:OKE) has “Overweight” rating given on Monday, May 9 by Barclays Capital. Citigroup upgraded the stock to “Buy” rating in Tuesday, September 15 report. The rating was upgraded by Argus Research on Wednesday, June 21 to “Buy”. Below is a list of ONEOK, Inc. (NYSE:OKE) latest ratings and price target changes.

11/09/2017 Broker: J.P. Morgan Rating: Hold New Target: $58.0 Upgrade
05/09/2017 Broker: Barclays Capital Rating: Hold New Target: $58.0 Initiate
31/08/2017 Broker: Jefferies Rating: Hold New Target: $52.0 Maintain
27/08/2017 Broker: RBC Capital Markets Rating: Hold New Target: $58.0 Maintain
24/08/2017 Broker: Argus Research Rating: Buy Old Target: $55 New Target: $59 Maintain
15/08/2017 Broker: BMO Capital Markets Rating: Buy New Target: $59.0 Maintain
14/08/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $54.0 Maintain
03/08/2017 Broker: Credit Suisse Rating: Outperform Old Target: $64 New Target: $61 Maintain
01/08/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $48.0000 Maintain
23/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $58.0000 Maintain

About 5.38 million shares traded or 81.14% up from the average. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since September 13, 2016 and is uptrending. It has outperformed by 7.11% the S&P500.

ONEOK, Inc. is an energy midstream service well-known provider in the United States. The company has market cap of $21.46 billion. 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 35.2 P/E ratio. THe Company’s activities 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.

More important recent ONEOK, Inc. (NYSE:OKE) news were published by: Fool.com which released: “4 Things ONEOK, Inc.’s Management Wants You to Know About the Progress It Made …” on August 15, 2017, also Nasdaq.com published article titled: “Kalos Management, Inc. Buys FNB Corp, ONEOK Inc, iShares Core S&P US …”, Streetinsider.com published: “JPMorgan Resumes ONEOK Inc (OKE) at Neutral” on September 11, 2017. More interesting news about ONEOK, Inc. (NYSE:OKE) was released by: Seekingalpha.com and their article: “ONEOK Is Gathering Better Contracts And Processing Better EBITDA” with publication date: September 11, 2017.

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