Thurston Springer Miller Herd & Titak Inc. Has $26,000 Stake in ONEOK, Inc. $OKE

Thurston Springer Miller Herd & Titak Inc. lowered its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 96.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 359 shares of the utilities provider’s stock after selling 10,396 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in ONEOK were worth $26,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Global Wealth Strategies & Associates bought a new stake in ONEOK during the 3rd quarter worth approximately $29,000. Access Investment Management LLC acquired a new position in shares of ONEOK in the second quarter valued at approximately $33,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of ONEOK during the second quarter worth $34,000. Trust Co. of Toledo NA OH acquired a new position in ONEOK in the 2nd quarter worth $42,000. Finally, MTM Investment Management LLC bought a new position in ONEOK during the 2nd quarter worth about $44,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Down 1.9%

Shares of ONEOK stock opened at $71.66 on Friday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $111.02. The stock has a market cap of $45.09 billion, a P/E ratio of 13.17, a P/E/G ratio of 4.46 and a beta of 0.95. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average is $70.27 and its 200-day moving average is $74.96.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.01. The business had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same period last year, the business earned $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, November 3rd. ONEOK’s dividend payout ratio is presently 75.74%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ONEOK in a research report on Monday. Citigroup cut their target price on ONEOK from $102.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. TD Cowen decreased their price target on shares of ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Scotiabank cut their price objective on shares of ONEOK from $88.00 to $87.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company reduced their target price on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

Insider Transactions at ONEOK

In other news, Director Brian L. Derksen bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of $66.00 per share, for a total transaction of $165,000.00. Following the purchase, the director owned 21,200 shares of the company’s stock, valued at approximately $1,399,200. This trade represents a 13.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

ONEOK 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.