ONEOK, Inc. $OKE Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 55.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,686 shares of the utilities provider’s stock after purchasing an additional 31,816 shares during the period. Thrivent Financial for Lutherans’ holdings in ONEOK were worth $7,308,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Access Investment Management LLC acquired a new position in ONEOK in the second quarter worth approximately $33,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of ONEOK during the 2nd quarter worth $34,000. Trust Co. of Toledo NA OH bought a new stake in shares of ONEOK during the 2nd quarter worth $42,000. MTM Investment Management LLC acquired a new position in shares of ONEOK in the 2nd quarter worth $44,000. Finally, CNB Bank acquired a new stake in shares of ONEOK during the second quarter worth $51,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Stifel Nicolaus set a $94.00 price target on ONEOK in a research report on Thursday, October 30th. Citigroup decreased their target price on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a report on Friday, October 31st. Barclays dropped their target price on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 9th. The Goldman Sachs Group restated a “neutral” rating and issued a $72.00 price target on shares of ONEOK in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and an average price target of $88.00.

ONEOK Stock Down 1.9%

OKE opened at $71.66 on Friday. The company has a market capitalization of $45.09 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 4.46 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.75. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $111.02. The business has a 50-day moving average of $70.27 and a 200-day moving average of $74.96.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.49 EPS 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 return on equity of 15.12% and a net margin of 10.58%.During the same quarter in the previous year, the business posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were issued a dividend of $1.03 per share. The ex-dividend date was Monday, November 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.7%. ONEOK’s dividend payout ratio (DPR) is currently 75.74%.

Insider Activity

In other ONEOK news, Director Brian L. Derksen acquired 2,500 shares of ONEOK stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $66.00 per share, with a total value of $165,000.00. Following the purchase, the director owned 21,200 shares in the company, valued at approximately $1,399,200. This trade represents a 13.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.21% of the company’s stock.

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.