Mesirow Financial Investment Management Inc. Sells 2,228 Shares of ONEOK, Inc. $OKE

Mesirow Financial Investment Management Inc. decreased its stake in ONEOK, Inc. (NYSE:OKE) by 4.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 51,219 shares of the utilities provider’s stock after selling 2,228 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in ONEOK were worth $4,181,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Bogart Wealth LLC raised its position in ONEOK by 3.1% in the second quarter. Bogart Wealth LLC now owns 4,031 shares of the utilities provider’s stock worth $329,000 after acquiring an additional 122 shares during the period. Presima Securities ULC raised its position in ONEOK by 1.4% in the first quarter. Presima Securities ULC now owns 9,477 shares of the utilities provider’s stock worth $940,000 after acquiring an additional 127 shares during the period. Clearstead Trust LLC raised its position in ONEOK by 5.0% in the first quarter. Clearstead Trust LLC now owns 2,792 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 133 shares during the period. Capital Investment Advisory Services LLC raised its position in shares of ONEOK by 4.5% in the first quarter. Capital Investment Advisory Services LLC now owns 3,132 shares of the utilities provider’s stock valued at $311,000 after purchasing an additional 134 shares during the period. Finally, Empowered Funds LLC raised its position in shares of ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

ONEOK stock opened at $67.09 on Friday. The firm’s 50 day simple moving average is $71.81 and its 200 day simple moving average is $77.89. The company has a current ratio of 0.90, a quick ratio of 0.46 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $42.25 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 2.62 and a beta of 1.01. ONEOK, Inc. has a 1-year low of $65.89 and a 1-year high of $118.07.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. The business had revenue of $9.17 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same quarter in the prior year, the firm posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s payout ratio is currently 75.74%.

Wall Street Analyst Weigh In

OKE has been the topic of several research reports. Raymond James Financial reissued an “outperform” rating and issued a $82.00 price target (down previously from $100.00) on shares of ONEOK in a research report on Friday, October 24th. Morgan Stanley lowered their price target on shares of ONEOK from $122.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 26th. Wells Fargo & Company lowered their price target on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Thursday. Stifel Nicolaus set a $94.00 price target on shares of ONEOK in a research report on Thursday. Finally, Mizuho lowered their price target on shares of ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and an average target price of $93.33.

ONEOK Company Profile

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.