filings.toolsItem 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed on the NYSE under the trading symbol “OKE.” The corporate name ONEOK is used in stock listings.
At Feb. 17, 2025, there were 15,874 holders of record of our 624,339,588 outstanding shares of common stock.
For information regarding our Employee Stock Award Program and other equity compensation plans, see Note L of the Notes to Consolidated Financial Statements and “Equity Compensation Plan Information” included in Part III, Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters, in this Annual Report.
REPURCHASES OF COMMON STOCK
ISSUER PURCHASES OF EQUITY SECURITIES
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of the Publicly Announced Program (a) | Maximum Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program (Millions of dollars) | ||||||||||||||||||||||
| October 2024 | — | $ | — | — | $ | 2,000 | ||||||||||||||||||||
| November 2024 | 60,000 | $ | 112.96 | 60,000 | $ | 1,993 | ||||||||||||||||||||
| December 2024 (b) | 1,490,000 | $ | 102.27 | 1,490,000 | $ | 1,841 | ||||||||||||||||||||
| Total | 1,550,000 | 1,550,000 |
(a) - In January 2024, our Board of Directors authorized a share repurchase program to buy up to $2.0 billion of our outstanding common stock. The program will terminate upon completion of the repurchases, or on Jan. 1, 2029, whichever occurs first.
(b) - Excludes 125,000 shares that were repurchased in December 2024, and settled in January 2025.
PERFORMANCE GRAPH
The following performance graph compares the performance of our common stock with the S&P 500 Index, the S&P 500 Energy Index and a ONEOK Peer Group during the period beginning on Dec. 31, 2019, and ending on Dec. 31, 2024.
Value of a $100 Investment, Assuming Reinvestment of Distributions/Dividends,
at Dec. 31, 2019, and at the End of Every Year Through Dec. 31, 2024.
| Cumulative Total Return | |||||||||||||||||||||||||||||||||||
| Years ended Dec. 31, | |||||||||||||||||||||||||||||||||||
| 2020 | 2021 | 2022 | 2023 | 2024 | |||||||||||||||||||||||||||||||
| ONEOK, Inc. | $ | 56.64 | $ | 93.37 | $ | 111.01 | $ | 125.62 | $ | 188.65 | |||||||||||||||||||||||||
| S&P 500 Index | $ | 118.40 | $ | 152.39 | $ | 124.79 | $ | 157.59 | $ | 197.02 | |||||||||||||||||||||||||
| S&P 500 Energy Index (a) | $ | 66.32 | $ | 102.56 | $ | 169.96 | $ | 167.71 | $ | 177.30 | |||||||||||||||||||||||||
| ONEOK Peer Group (b) | $ | 75.32 | $ | 103.20 | $ | 132.34 | $ | 156.15 | $ | 234.20 |
(a) - The S&P 500 Energy Index is a subindex of the S&P 500 that includes those companies classified as members of the energy sector.
(b) - The current ONEOK Peer Group is composed of the following companies: Antero Midstream Corp.; Energy Transfer LP; Enterprise Products Partners L.P.; Kinder Morgan, Inc.; Kinetik Holdings Inc.; MPLX LP; Plains All American Pipeline, L.P.; Targa Resources Corp.; Western Midstream Partners, LP; and The Williams Companies, Inc.
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