The Ameriprise Financial Inc. Sells 10,483 Shares of Oneok Partners LP (OKS)

The Ameriprise Financial Inc. Sells 10,483 Shares of Oneok Partners LP (OKS)

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Oneok Partners by 5.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,006,840 shares of the pipeline company’s stock worth $54,359,000 after buying an additional 54,509 shares during the period. Mosaic Family Wealth LLC increased its position in Oneok Partners by 0.3% in the first quarter. Mosaic Family Wealth LLC now owns 17,553 shares of the pipeline company’s stock worth $948,000 after buying an additional 53 shares during the period. HITE Hedge Asset Management LLC increased its position in Oneok Partners by 1.1% in the first quarter. HITE Hedge Asset Management LLC now owns 165,692 shares of the pipeline company’s stock worth $8,946,000 after buying an additional 1,798 shares during the period. Gabelli Funds LLC bought a new position in Oneok Partners during the first quarter worth $540,000. Finally, TCI Wealth Advisors Inc. increased its position in Oneok Partners by 0.4% in the first quarter. TCI Wealth Advisors Inc. now owns 3,400 shares of the pipeline company’s stock worth $184,000 after buying an additional 14 shares during the period. 41.23% of the stock is currently owned by institutional investors.

Ameriprise Financial Inc. reduced its position in shares of Oneok Partners LP (NYSE:OKS) by 28.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,973 shares of the pipeline company’s stock after selling 10,483 shares during the period. Ameriprise Financial Inc.’s holdings in Oneok Partners were worth $1,456,000 at the end of the most recent quarter.

Oneok Partners LP (NYSE OKS) traded up 0.63% during trading on Wednesday, reaching $51.07. The company’s stock had a trading volume of 5,018,915 shares. Oneok Partners LP has a 12 month low of $36.13 and a 12 month high of $57.41. The stock’s 50-day moving average is $49.23 and its 200 day moving average is $49.70.

A number of analysts recently commented on the stock. BidaskClub cut shares of Oneok Partners from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Royal Bank Of Canada restated a “hold” rating and issued a $57.00 price objective on shares of Oneok Partners in a research report on Friday, May 12th. Jefferies Group LLC set a $50.00 price objective on shares of Oneok Partners and gave the company a “hold” rating in a research report on Friday, June 16th. Guggenheim assumed coverage on shares of Oneok Partners in a research report on Monday, April 17th. They issued a “neutral” rating and a $53.00 price objective for the company. Finally, BMO Capital Markets set a $53.00 price objective on shares of Oneok Partners and gave the company a “hold” rating in a research report on Tuesday, May 2nd. Fourteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.85.

Oneok Partners Company Profile

ONEOK Partners, L.P. is engaged in 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 segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.

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