Assenagon Asset Management S.A. Lowers Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Assenagon Asset Management S.A. lowered its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 540,333 shares of the utilities provider's stock after selling 48,468 shares during the period. Assenagon Asset Management S.A. owned about 0.09% of ONEOK worth $54,249,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in OKE. Quest Partners LLC bought a new stake in shares of ONEOK in the 2nd quarter valued at about $28,000. Matrix Trust Co bought a new position in ONEOK in the third quarter worth approximately $29,000. Kieckhefer Group LLC bought a new stake in ONEOK during the 4th quarter valued at $30,000. Access Investment Management LLC purchased a new position in shares of ONEOK in the 3rd quarter valued at $37,000. Finally, Values First Advisors Inc. bought a new position in shares of ONEOK in the 3rd quarter worth $44,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on OKE shares. Wells Fargo & Company lowered ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 target price on the stock. in a research note on Wednesday, December 18th. Truist Financial raised their target price on shares of ONEOK from $99.00 to $107.00 and gave the company a "hold" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upped their price target on ONEOK from $89.00 to $98.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 16th. Mizuho raised ONEOK to a "hold" rating in a research report on Thursday, November 7th. Finally, US Capital Advisors raised ONEOK from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, ONEOK has an average rating of "Moderate Buy" and an average target price of $101.54.

ONEOK Stock Performance

NYSE OKE traded up $1.71 on Thursday, reaching $108.59. 2,850,902 shares of the company's stock traded hands, compared to its average volume of 2,754,039. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The firm has a market cap of $63.43 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 4.35 and a beta of 1.70. The stock has a 50 day moving average price of $106.04 and a 200-day moving average price of $95.36.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same period last year, the firm earned $0.99 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.1 EPS for the current fiscal year.

ONEOK Company Profile

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.