Assenagon Asset Management S.A. Sells 48,468 Shares of ONEOK, Inc. (NYSE:OKE)

Assenagon Asset Management S.A. lessened its position in shares of ONEOK, Inc. (NYSE:OKE) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 540,333 shares of the utilities provider’s stock after selling 48,468 shares during the period. Assenagon Asset Management S.A. owned 0.09% of ONEOK worth $54,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. HM Payson & Co. grew its holdings in shares of ONEOK by 6.3% in the third quarter. HM Payson & Co. now owns 1,764 shares of the utilities provider’s stock valued at $161,000 after acquiring an additional 105 shares in the last quarter. Claro Advisors LLC increased its position in shares of ONEOK by 1.6% during the 3rd quarter. Claro Advisors LLC now owns 7,132 shares of the utilities provider’s stock valued at $650,000 after purchasing an additional 115 shares during the last quarter. Haverford Trust Co raised its stake in shares of ONEOK by 1.2% during the 3rd quarter. Haverford Trust Co now owns 10,067 shares of the utilities provider’s stock worth $917,000 after purchasing an additional 117 shares during the period. Brighton Jones LLC boosted its holdings in shares of ONEOK by 1.1% in the 2nd quarter. Brighton Jones LLC now owns 11,462 shares of the utilities provider’s stock worth $935,000 after buying an additional 122 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its position in ONEOK by 1.4% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 9,202 shares of the utilities provider’s stock valued at $839,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Up 0.7 %

Shares of NYSE OKE opened at $106.83 on Thursday. The firm has a fifty day simple moving average of $105.95 and a two-hundred day simple moving average of $95.28. The firm has a market capitalization of $62.41 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 5.24 and a beta of 1.70. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a 12 month low of $67.05 and a 12 month high of $118.07.

ONEOK (NYSE:OKE) last announced its earnings results 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 return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the prior year, the company posted $0.99 EPS. Equities analysts expect that ONEOK, Inc. will post 5.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of research analyst reports. Scotiabank initiated coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price on the stock. Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th. US Capital Advisors raised ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. UBS Group upped their price target on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $101.54.

ONEOK 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.