B. Riley Wealth Advisors Inc. Sells 1,017 Shares of ONEOK, Inc. (NYSE:OKE)

B. Riley Wealth Advisors Inc. cut its stake in ONEOK, Inc. (NYSE:OKE) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,920 shares of the utilities provider’s stock after selling 1,017 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in ONEOK were worth $5,331,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in OKE. Loomis Sayles & Co. L P boosted its stake in ONEOK by 605.1% in the third quarter. Loomis Sayles & Co. L P now owns 557 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 478 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in ONEOK by 200.4% in the third quarter. PNC Financial Services Group Inc. now owns 197,248 shares of the utilities provider’s stock valued at $12,511,000 after acquiring an additional 131,584 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of ONEOK by 7.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 109,665 shares of the utilities provider’s stock valued at $7,103,000 after buying an additional 7,764 shares during the last quarter. Johnson Investment Counsel Inc. raised its position in shares of ONEOK by 63.6% in the third quarter. Johnson Investment Counsel Inc. now owns 13,999 shares of the utilities provider’s stock valued at $888,000 after purchasing an additional 5,442 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of ONEOK by 47.4% in the third quarter. Kestra Advisory Services LLC now owns 123,285 shares of the utilities provider’s stock valued at $7,820,000 after purchasing an additional 39,650 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 1.2 %

Shares of NYSE OKE opened at $79.07 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.70 and a debt-to-equity ratio of 1.24. ONEOK, Inc. has a 52-week low of $57.37 and a 52-week high of $83.31. The firm has a market cap of $46.15 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 4.19 and a beta of 1.65. The company’s 50-day simple moving average is $79.77 and its 200-day simple moving average is $75.09.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. The company had revenue of $4.78 billion during the quarter, compared to analysts’ expectations of $5.84 billion. During the same period in the prior year, the business earned $2.34 EPS. Equities analysts predict that ONEOK, Inc. will post 4.94 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $3.96 annualized dividend and a yield of 5.01%. ONEOK’s dividend payout ratio (DPR) is currently 92.09%.

Analyst Ratings Changes

A number of brokerages have weighed in on OKE. Stifel Nicolaus raised their target price on shares of ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. UBS Group raised their price target on shares of ONEOK from $80.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Barclays increased their price target on ONEOK from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Citigroup lifted their target price on ONEOK from $73.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Wells Fargo & Company upped their target price on ONEOK from $81.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $84.25.

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.