Janus Henderson Group PLC Grows Stock Holdings in ONEOK, Inc. (NYSE:OKE)

Janus Henderson Group PLC lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 0.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,751,172 shares of the utilities provider’s stock after buying an additional 11,189 shares during the quarter. Janus Henderson Group PLC owned approximately 0.64% of ONEOK worth $341,844,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its stake in shares of ONEOK by 3.8% during the 3rd quarter. HighTower Advisors LLC now owns 406,984 shares of the utilities provider’s stock valued at $37,080,000 after buying an additional 14,910 shares in the last quarter. Hilltop Holdings Inc. increased its holdings in ONEOK by 36.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 24,538 shares of the utilities provider’s stock valued at $2,236,000 after acquiring an additional 6,584 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in ONEOK by 3,374.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 224,491 shares of the utilities provider’s stock valued at $20,458,000 after acquiring an additional 218,029 shares during the last quarter. Kestra Investment Management LLC bought a new stake in ONEOK in the 3rd quarter valued at $206,000. Finally, Royal Capital Wealth Management LLC bought a new stake in ONEOK in the 3rd quarter valued at $209,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $110.51 on Wednesday. The company has a market capitalization of $64.56 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 5.59 and a beta of 1.69. ONEOK, Inc. has a 12 month low of $65.49 and a 12 month high of $118.07. The firm’s 50-day moving average is $101.36 and its 200 day moving average is $90.52. 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 (NYSE:OKE) last released 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). The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period last year, the firm earned $0.99 earnings per share. Research analysts predict that ONEOK, Inc. will post 5.08 EPS for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were given a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a yield of 3.58%. ONEOK’s dividend payout ratio (DPR) is 82.85%.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Bank of America assumed coverage on shares of ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. Scotiabank lifted their price target on shares of ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a report on Friday, August 30th. Wells Fargo & Company lifted their price target on shares of ONEOK from $100.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Finally, Barclays boosted their target price on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, ONEOK has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

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.