Janus Henderson Group PLC Reduces Stake in ONEOK, Inc. (NYSE:OKE)

Janus Henderson Group PLC trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,386,418 shares of the utilities provider's stock after selling 364,754 shares during the period. Janus Henderson Group PLC owned approximately 0.58% of ONEOK worth $339,998,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new position in shares of ONEOK during the 4th quarter valued at about $539,554,000. Wellington Management Group LLP grew its holdings in ONEOK by 433.4% during the fourth quarter. Wellington Management Group LLP now owns 4,206,906 shares of the utilities provider's stock worth $422,373,000 after acquiring an additional 3,418,207 shares during the period. Price T Rowe Associates Inc. MD raised its position in ONEOK by 240.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,790,760 shares of the utilities provider's stock valued at $280,194,000 after acquiring an additional 1,971,147 shares in the last quarter. Raymond James Financial Inc. acquired a new position in ONEOK in the fourth quarter valued at approximately $182,694,000. Finally, ClearBridge Investments Ltd purchased a new stake in ONEOK in the 4th quarter worth approximately $177,045,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on OKE. Barclays decreased their target price on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Wells Fargo & Company dropped their target price on ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Citigroup lowered their price target on ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Finally, Scotiabank cut their price objective on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $105.00.

ONEOK Price Performance

Shares of OKE traded down $0.62 during trading hours on Thursday, hitting $85.99. 3,276,667 shares of the stock were exchanged, compared to its average volume of 3,256,837. The stock's 50-day moving average price is $88.84 and its two-hundred day moving average price is $97.83. ONEOK, Inc. has a 12-month low of $75.48 and a 12-month 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 company has a market cap of $53.71 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 3.77 and a beta of 1.01.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.24). The business had revenue of $6.49 billion for the quarter, compared to analysts' expectations of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period in the previous year, the company earned $1.09 EPS. Research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Monday, May 5th. ONEOK's dividend payout ratio (DPR) is 80.47%.

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.