BlackRock Amends ONEOK Stake Filing (15th Time)
Ticker: OKE · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1039684
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns ONEOK, showing long-term confidence.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 25, 2024, indicating its ownership of ONEOK INC /NEW/ common stock as of December 31, 2023. This is the 15th amendment to their filing, showing a continued significant, but passive, investment in ONEOK. This matters to investors because BlackRock is a major institutional investor, and their sustained position suggests confidence in ONEOK's long-term prospects, even if their exact percentage ownership isn't detailed in this snippet.
Why It Matters
This filing confirms BlackRock's ongoing substantial, passive investment in ONEOK, signaling institutional confidence in the natural gas transmission and distribution company.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate risks or significant changes in strategy.
Analyst Insight
Investors should view this as a routine update from a large institutional holder, confirming their continued, passive interest in ONEOK. It doesn't signal an immediate buy or sell, but rather a stable institutional presence.
Key Numbers
- 15 — Amendment Number (Indicates this is the fifteenth update to BlackRock's Schedule 13G filing for ONEOK INC /NEW/.)
- 682680103 — CUSIP Number (Identifies the specific class of securities (Common Stock) of ONEOK INC /NEW/.)
- 20231231 — Date of Event (The effective date for the ownership information reported in the filing.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- ONEOK INC /NEW/ (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- 15 (number) — the amendment number for this Schedule 13G filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in ONEOK for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 15, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as clearly identified under 'Names of reporting persons' on the cover page of the Schedule 13G.
What is the subject company whose securities are being reported?
The subject company is ONEOK INC /NEW/, as stated under 'Name of Issuer' in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, according to the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), indicated by the 'X' next to '[X] Rule 13d-1(b)' on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding ONEOK INC /NEW/ (OKE).