B. Riley Wealth Advisors Inc. Sells 13,366 Shares of ONEOK, Inc. (NYSE:OKE)

B. Riley Wealth Advisors Inc. decreased its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 20.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,579 shares of the utilities provider's stock after selling 13,366 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in ONEOK were worth $4,931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OKE. Envestnet Portfolio Solutions Inc. grew its position in ONEOK by 10.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,240 shares of the utilities provider's stock worth $427,000 after buying an additional 488 shares in the last quarter. Blue Trust Inc. increased its position in shares of ONEOK by 26.3% during the second quarter. Blue Trust Inc. now owns 2,447 shares of the utilities provider's stock valued at $196,000 after purchasing an additional 510 shares during the period. Gradient Investments LLC raised its stake in shares of ONEOK by 267.2% in the second quarter. Gradient Investments LLC now owns 1,704 shares of the utilities provider's stock valued at $139,000 after purchasing an additional 1,240 shares in the last quarter. Dakota Wealth Management lifted its position in ONEOK by 3.7% in the second quarter. Dakota Wealth Management now owns 12,923 shares of the utilities provider's stock worth $1,054,000 after purchasing an additional 457 shares during the period. Finally, Sanibel Captiva Trust Company Inc. increased its stake in ONEOK by 33.0% in the second quarter. Sanibel Captiva Trust Company Inc. now owns 7,166 shares of the utilities provider's stock valued at $584,000 after acquiring an additional 1,778 shares during the period. Institutional investors own 69.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on OKE shares. Mizuho upgraded shares of ONEOK to a "hold" rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price target on ONEOK from $89.00 to $98.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 16th. US Capital Advisors upgraded ONEOK from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Citigroup boosted their target price on shares of ONEOK from $85.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Finally, Truist Financial increased their target price on shares of ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a research report on Tuesday, December 3rd. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, ONEOK currently has a consensus rating of "Moderate Buy" and an average price target of $101.00.

ONEOK Trading Down 0.4 %

Shares of NYSE OKE traded down $0.44 during midday trading on Friday, hitting $104.03. The stock had a trading volume of 1,801,787 shares, compared to its average volume of 2,801,106. The firm has a market cap of $60.77 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 5.26 and a beta of 1.69. ONEOK, Inc. has a fifty-two week low of $67.05 and a fifty-two week high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The company's 50-day simple moving average is $103.54 and its 200 day simple moving average is $91.85.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.05). The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the previous year, the business earned $0.99 earnings per share. Research analysts anticipate that ONEOK, Inc. will post 5.1 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 annualized dividend and a yield of 3.81%. ONEOK's dividend payout ratio is currently 82.85%.

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.