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

B. Riley Wealth Advisors Inc. lowered its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 20.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 53,579 shares of the utilities provider’s stock after selling 13,366 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in ONEOK were worth $4,931,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of ONEOK during the second quarter valued at about $28,000. Matrix Trust Co purchased a new stake in ONEOK during the 3rd quarter valued at about $29,000. Ridgewood Investments LLC bought a new position in ONEOK during the 2nd quarter worth approximately $31,000. Access Investment Management LLC purchased a new position in ONEOK in the 3rd quarter worth approximately $37,000. Finally, Values First Advisors Inc. bought a new stake in ONEOK in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Trading Down 0.4 %

OKE opened at $104.03 on Friday. The stock has a market cap of $60.77 billion, a PE ratio of 21.76, a PEG ratio of 5.26 and a beta of 1.69. The business has a 50 day moving average of $103.54 and a 200-day moving average of $91.85. ONEOK, Inc. has a 52 week low of $67.05 and a 52 week 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.

ONEOK (NYSE:OKE) last announced its earnings results 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 business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter last year, the firm posted $0.99 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.1 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK’s dividend payout ratio is 82.85%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of ONEOK from $100.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Truist Financial raised their price target on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Scotiabank upped their price objective on shares of ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research note on Friday, August 30th. Barclays raised their target price on ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, UBS Group upped their price target on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and an average target price of $101.00.

About ONEOK

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.