Assenagon Asset Management S.A. Has $42.87 Million Stake in ONEOK, Inc. $OKE

Assenagon Asset Management S.A. lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 51.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 587,451 shares of the utilities provider’s stock after selling 617,057 shares during the quarter. Assenagon Asset Management S.A. owned 0.09% of ONEOK worth $42,866,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of ONEOK by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 76,510,971 shares of the utilities provider’s stock valued at $6,245,591,000 after buying an additional 1,314,002 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in ONEOK by 2.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 21,570,904 shares of the utilities provider’s stock valued at $1,760,833,000 after purchasing an additional 613,674 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of ONEOK by 2.3% in the second quarter. Geode Capital Management LLC now owns 15,800,797 shares of the utilities provider’s stock worth $1,284,303,000 after purchasing an additional 355,751 shares during the last quarter. Invesco Ltd. raised its stake in ONEOK by 0.6% in the second quarter. Invesco Ltd. now owns 8,386,831 shares of the utilities provider’s stock worth $684,617,000 after buying an additional 46,892 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. boosted its stake in ONEOK by 17.1% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 7,171,795 shares of the utilities provider’s stock worth $711,586,000 after acquiring an additional 1,047,810 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

OKE has been the subject of a number of recent research reports. Citigroup cut their price target on ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a research note on Monday. Stifel Nicolaus set a $94.00 target price on shares of ONEOK in a research report on Thursday, October 30th. Argus raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Thursday, November 6th. Finally, Barclays cut their price target on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

ONEOK Trading Down 1.9%

NYSE OKE opened at $71.66 on Friday. The firm has a market cap of $45.09 billion, a PE ratio of 13.17, a P/E/G ratio of 4.46 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. ONEOK, Inc. has a one year low of $64.02 and a one year high of $111.02. The firm’s fifty day moving average is $70.27 and its two-hundred day moving average is $74.96.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.01. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same period last year, the business posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, November 3rd. ONEOK’s payout ratio is presently 75.74%.

Insider Transactions at ONEOK

In other news, Director Brian L. Derksen acquired 2,500 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $66.00 per share, for a total transaction of $165,000.00. Following the completion of the purchase, the director directly owned 21,200 shares of the company’s stock, valued at $1,399,200. This represents a 13.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by corporate insiders.

About ONEOK

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.