ONEOK, Inc. (NYSE:OKE) Stock Holdings Lifted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,525 shares of the utilities provider's stock after purchasing an additional 20,882 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in ONEOK were worth $9,089,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of ONEOK by 138.6% in the 3rd quarter. Blue Trust Inc. now owns 5,838 shares of the utilities provider's stock worth $532,000 after purchasing an additional 3,391 shares during the last quarter. OLD National Bancorp IN raised its holdings in shares of ONEOK by 5.4% during the third quarter. OLD National Bancorp IN now owns 3,917 shares of the utilities provider's stock valued at $357,000 after buying an additional 200 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in shares of ONEOK by 26.2% during the third quarter. Foundations Investment Advisors LLC now owns 7,660 shares of the utilities provider's stock worth $698,000 after buying an additional 1,592 shares during the period. Sequoia Financial Advisors LLC grew its holdings in ONEOK by 2,459.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 204,181 shares of the utilities provider's stock worth $18,607,000 after buying an additional 196,203 shares in the last quarter. Finally, Signaturefd LLC increased its position in ONEOK by 8.1% in the 3rd quarter. Signaturefd LLC now owns 8,230 shares of the utilities provider's stock valued at $750,000 after acquiring an additional 620 shares during the period. Institutional investors own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OKE. Mizuho upgraded ONEOK to a "hold" rating in a research report on Thursday, November 7th. UBS Group upped their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Wells Fargo & Company cut shares of ONEOK from an "overweight" rating to an "equal weight" rating and set a $107.00 target price on the stock. in a research note on Wednesday, December 18th. Wolfe Research raised shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target for the company in a research note on Monday, February 10th. Finally, Scotiabank began coverage on shares of ONEOK in a report on Friday, January 10th. They issued a "sector outperform" rating and a $109.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $103.92.

ONEOK Trading Down 0.6 %

Shares of OKE stock traded down $0.56 during trading hours on Friday, reaching $98.07. 4,112,736 shares of the stock traded hands, compared to its average volume of 3,920,269. The business has a fifty day moving average price of $101.31 and a 200 day moving average price of $98.51. ONEOK, Inc. has a 1-year low of $72.44 and a 1-year high of $118.07. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $57.29 billion, a PE ratio of 20.52, a PEG ratio of 3.80 and a beta of 1.70.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from ONEOK's previous quarterly dividend of $0.99. ONEOK's dividend payout ratio (DPR) is 86.19%.

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.