ONEOK, Inc. (NYSE:OKE) Holdings Raised by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. increased its stake in ONEOK, Inc. (NYSE:OKE) by 28.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,233 shares of the utilities provider’s stock after purchasing an additional 1,826 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in ONEOK were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in ONEOK during the 1st quarter worth about $25,000. Quest Partners LLC acquired a new stake in ONEOK during the second quarter valued at $28,000. Matrix Trust Co purchased a new position in ONEOK in the third quarter valued at about $29,000. Ridgewood Investments LLC acquired a new position in ONEOK in the 2nd quarter worth about $31,000. Finally, American National Bank purchased a new stake in shares of ONEOK during the 1st quarter worth about $32,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OKE. Scotiabank boosted their price target on ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price target on ONEOK from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Truist Financial boosted their price objective on ONEOK from $81.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Royal Bank of Canada increased their target price on ONEOK from $84.00 to $89.00 and gave the company a “sector perform” rating in a research note on Thursday, August 22nd. Finally, Citigroup lifted their price target on ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $92.38.

ONEOK Price Performance

NYSE:OKE opened at $97.50 on Tuesday. The company has a market capitalization of $56.91 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 4.68 and a beta of 1.67. The company has a 50-day moving average of $90.81 and a 200-day moving average of $84.26. ONEOK, Inc. has a 52 week low of $63.33 and a 52 week high of $98.01. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.41 and a current ratio of 0.62.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same quarter last year, the company earned $1.04 earnings per share. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.09 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.96 annualized dividend and a yield of 4.06%. ONEOK’s dividend payout ratio is currently 92.09%.

Insider Buying and Selling at ONEOK

In other news, Director Pattye L. Moore sold 3,379 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

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.