Jennison Associates LLC Has $27.85 Million Position in ONEOK, Inc. (NYSE:OKE)

Jennison Associates LLC reduced its position in shares of ONEOK, Inc. (NYSE:OKEGet Rating) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,952 shares of the utilities provider’s stock after selling 15,552 shares during the period. Jennison Associates LLC owned about 0.11% of ONEOK worth $27,849,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of ONEOK by 3.8% during the third quarter. Geode Capital Management LLC now owns 8,301,385 shares of the utilities provider’s stock worth $480,174,000 after buying an additional 301,765 shares during the period. Northern Trust Corp boosted its position in ONEOK by 1.1% during the fourth quarter. Northern Trust Corp now owns 5,020,687 shares of the utilities provider’s stock valued at $295,015,000 after purchasing an additional 53,481 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in ONEOK by 9.8% during the third quarter. Goldman Sachs Group Inc. now owns 4,679,846 shares of the utilities provider’s stock valued at $271,384,000 after purchasing an additional 419,358 shares during the last quarter. Deutsche Bank AG boosted its position in ONEOK by 163.2% during the third quarter. Deutsche Bank AG now owns 4,396,709 shares of the utilities provider’s stock valued at $254,965,000 after purchasing an additional 2,726,075 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in ONEOK by 9.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,316,273 shares of the utilities provider’s stock valued at $192,333,000 after purchasing an additional 293,315 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

In other ONEOK news, Director Mark W. Helderman sold 30,000 shares of the firm’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $67.27, for a total transaction of $2,018,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.63% of the stock is owned by company insiders.

ONEOK stock traded down $2.62 during mid-day trading on Friday, reaching $63.33. 2,719,097 shares of the company were exchanged, compared to its average volume of 2,310,387. The company has a fifty day simple moving average of $68.17 and a 200-day simple moving average of $64.11. ONEOK, Inc. has a 12 month low of $48.51 and a 12 month high of $75.07. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.75 and a quick ratio of 0.56. The firm has a market cap of $28.28 billion, a PE ratio of 18.85, a PEG ratio of 2.04 and a beta of 1.80.

ONEOK (NYSE:OKEGet Rating) last posted its quarterly earnings data on Monday, February 28th. The utilities provider reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.03). ONEOK had a return on equity of 25.14% and a net margin of 9.07%. The company had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the business earned $0.69 EPS. Sell-side analysts anticipate that ONEOK, Inc. will post 3.84 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Monday, May 2nd will be paid a dividend of $0.935 per share. The ex-dividend date is Friday, April 29th. This represents a $3.74 dividend on an annualized basis and a yield of 5.91%. ONEOK’s dividend payout ratio (DPR) is presently 111.31%.

Several research analysts recently commented on the company. Wells Fargo & Company increased their price target on ONEOK from $66.00 to $69.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 8th. StockNews.com assumed coverage on ONEOK in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Barclays cut their price objective on ONEOK from $66.00 to $65.00 in a research report on Thursday, January 20th. Morgan Stanley raised their price objective on ONEOK from $70.00 to $81.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Truist Financial raised their price objective on ONEOK from $72.00 to $78.00 in a research report on Thursday, March 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, ONEOK currently has an average rating of “Hold” and an average target price of $67.14.

ONEOK Profile (Get Rating)

ONEOK, Inc, together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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