Ownership Change Worth Mentioning: Oneok (OKE) Shareholder Cambridge Financial Group INC Decreased Position as Valuation Rose

Ownership Change Worth Mentioning: Oneok (OKE) Shareholder Cambridge Financial Group INC Decreased Position as Valuation Rose

Cambridge Financial Group Inc decreased its stake in Oneok (OKE) by 39.56% based on its latest 2016Q3 regulatory filing with the SEC. Cambridge Financial Group Inc sold 73,501 shares as the company’s stock rose 8.03% with the market. The institutional investor held 112,272 shares of the public utilities company at the end of 2016Q3, valued at $5.77 million, down from 185,773 at the end of the previous reported quarter. Cambridge Financial Group Inc who had been investing in Oneok for a number of months, seems to be less bullish one the $11.51B market cap company. The stock closed at $56.07 during the last session. It is down 22.53% since June 7, 2016 and is uptrending. It has outperformed by 15.11% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 1.2 in Q3 2016. Its down 0.01, from 1.21 in 2016Q2. The ratio fall, as 34 funds sold all OKE shares owned while 159 reduced positions. 77 funds bought stakes while 155 increased positions. They now own 148.00 million shares or 0.86% less from 149.28 million shares in 2016Q2. Airain Limited accumulated 0.09% or 29,138 shares. Aviva Plc has invested 0.04% of its portfolio in ONEOK, Inc. (NYSE:OKE). Sterling Cap Mgmt Ltd Com holds 48,170 shares or 0.02% of its portfolio. X Limited reported 422,030 shares or 0.96% of all its holdings. Lord Abbett & Commerce Lc, a New Jersey-based fund reported 413,600 shares. Kanaly reported 32,600 shares or 0.35% of all its holdings. Endurance Wealth last reported 0% of its portfolio in the stock. Teachers Retirement Of The State Of Kentucky holds 0.02% or 28,400 shares in its portfolio. Energy Income Partners Ltd Llc, a Connecticut-based fund reported 1.05M shares. Moreover, Wespac Advsr Lc has 0.66% invested in ONEOK, Inc. (NYSE:OKE) for 11,306 shares. Thompson Davis And Communication Inc accumulated 411 shares or 0.04% of the stock. Connable Office reported 6,104 shares or 0.07% of all its holdings. First Trust Advisors Lp accumulated 767,177 shares or 0.12% of the stock. Northwestern Mutual Wealth Management has 3,750 shares for 0% of their US portfolio. Amalgamated Bankshares holds 0.05% or 5,459 shares in its portfolio.

Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on February, 27. They expect $0.47 EPS, up 4.44% or $0.02 from last year’s $0.45 per share. OKE’s profit will be $96.48M for 29.82 P/E if the $0.47 EPS becomes a reality. After $0.44 actual EPS reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 6.82% EPS growth.

Another recent and important ONEOK, Inc. (NYSE:OKE) news was published by Equitiesfocus.com which published an article titled: “ONEOK, Inc. (NYSE:OKE) Dividend At $0.615 A Share” on January 10, 2017.

According to Zacks Investment Research, “ONEOK, Inc. is engaged in several aspects of the energy business. The company purchases, gathers, compresses, transports, stores, and distributes natural gas. It also leases pipeline capacity to others. The company drills for and produces oil and gas, extracts and sells natural gas liquids, and is engaged in the gas marketing business.”

ONEOK, Inc. (NYSE:OKE) Ratings Coverage

Out of 12 analysts covering ONEOK (NYSE:OKE), 1 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 8% are positive. ONEOK has been the topic of 28 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of ONEOK, Inc. (NYSE:OKE) earned “Outperform” rating by Oppenheimer on Wednesday, December 23. As per Thursday, December 31, the company rating was upgraded by Credit Suisse. The stock has “Buy” rating given by Citigroup on Tuesday, April 19. On Tuesday, December 13 the stock rating was downgraded by Barclays Capital to “Equal Weight”. Jefferies downgraded the shares of OKE in a report on Wednesday, June 8 to “Hold” rating. The rating was upgraded by Citigroup on Tuesday, September 15 to “Buy”. As per Monday, January 11, the company rating was upgraded by Argus Research. The stock of ONEOK, Inc. (NYSE:OKE) has “Equal Weight” rating given on Wednesday, December 16 by Barclays Capital. Morgan Stanley upgraded the stock to “Overweight” rating in Wednesday, January 20 report. The firm has “Neutral” rating given on Monday, September 14 by Credit Suisse.

OKE Company Profile

ONEOK, Inc., incorporated on May 16, 1997, 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 Firm operates through three business divisions: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers that include gathering and processing of natural gas produced from natural gas and crude oil 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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