State Street Corp. Maintains Passive Stake in ONEOK INC /NEW/
Ticker: OKE · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1039684
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street still owns ONEOK shares, showing continued institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of ONEOK INC /NEW/ common stock as of December 31, 2023. This filing indicates that State Street continues to hold a significant, though passive, stake in ONEOK, a natural gas transmission and distribution company. For investors, this matters because it shows a large institutional investor maintains confidence in ONEOK, but any changes in State Street's holdings in future filings could signal shifts in institutional sentiment.
Why It Matters
This filing confirms a major institutional investor, State Street Corporation, holds a significant, passive stake in ONEOK, signaling continued institutional interest in the natural gas company.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note that a major institution like State Street continues to hold ONEOK, suggesting stability, but this filing doesn't indicate any new aggressive moves or significant changes in ownership that would warrant immediate action.
Key Numbers
- 682680103 — CUSIP Number (identifies ONEOK INC /NEW/ common stock)
- 04-2456637 — IRS Identification Number (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- ONEOK INC /NEW/ (company) — the subject company, a natural gas transmission & distribution firm
- 0000093751-24-000350 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- State Street Corporation will likely maintain a passive investment strategy in ONEOK INC /NEW/ for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-01-29
- ONEOK INC /NEW/ will continue to attract institutional investment due to its stable industry. (ONEOK INC /NEW/) — medium confidence, target: 2024-12-31
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive institutional investors who own more than 5% but less than 20% of a company's stock. The '/A' indicates it's an amendment to a previously filed statement, updating their holdings or other relevant information, as seen in this filing by State Street Corporation regarding ONEOK INC /NEW/.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' in this specific SC 13G/A filing is STATE STREET CORPORATION, identified with IRS Identification No. 04-2456637 and located at 1 Congress Street, Boston, MA.
What is the 'Subject Company' of this filing?
The 'Subject Company' of this filing is ONEOK INC /NEW/, a company primarily involved in natural gas transmission & distribution, with its business address at 100 West 5th St, Tulsa, OK.
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, indicating the snapshot date for the ownership information being reported by State Street Corporation.
Under which rule was this Schedule 13G filed?
This Schedule 13G/A was filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box on the cover page of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding ONEOK INC /NEW/ (OKE).