ONEOK, Inc. (NYSE:OKE) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 119.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 588,801 shares of the utilities provider’s stock after acquiring an additional 320,967 shares during the period. Assenagon Asset Management S.A.’s holdings in ONEOK were worth $53,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Matrix Trust Co acquired a new position in ONEOK during the 3rd quarter worth approximately $29,000. Quest Partners LLC purchased a new stake in ONEOK during the 2nd quarter worth about $28,000. Ridgewood Investments LLC acquired a new position in shares of ONEOK during the 2nd quarter worth about $31,000. Manchester Capital Management LLC raised its position in shares of ONEOK by 66.4% during the 1st quarter. Manchester Capital Management LLC now owns 456 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. Finally, Bangor Savings Bank purchased a new stake in ONEOK during the third quarter worth approximately $51,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $103.00 to $111.00 in a research report on Monday, September 16th. Scotiabank increased their price objective on ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a report on Friday, August 30th. Tudor Pickering upgraded shares of ONEOK to a “hold” rating in a research note on Thursday, July 18th. Royal Bank of Canada raised their price target on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. Finally, Citigroup increased their price target on ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.77.

ONEOK Trading Up 0.7 %

ONEOK stock opened at $97.45 on Friday. The stock has a 50-day moving average price of $92.46 and a 200 day moving average price of $85.04. ONEOK, Inc. has a 52 week low of $63.33 and a 52 week high of $98.43. The stock has a market cap of $56.92 billion, a PE ratio of 21.23, a P/E/G ratio of 4.31 and a beta of 1.67. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.22.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Equities research analysts predict that ONEOK, Inc. will post 4.98 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, November 1st. ONEOK’s dividend payout ratio is currently 86.27%.

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.