B. Riley Wealth Advisors Inc. Lowers Stock Position in ONEOK, Inc. (NYSE:OKE)

B. Riley Wealth Advisors Inc. reduced its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,914 shares of the utilities provider's stock after selling 4,665 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in ONEOK were worth $4,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in OKE. McAdam LLC increased its holdings in ONEOK by 3.8% in the 4th quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock worth $262,000 after acquiring an additional 96 shares in the last quarter. Alliance Wealth Advisors LLC grew its holdings in shares of ONEOK by 0.8% in the fourth quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock valued at $1,262,000 after purchasing an additional 100 shares during the period. Mutual Advisors LLC grew its holdings in shares of ONEOK by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider's stock valued at $965,000 after purchasing an additional 103 shares during the period. L.M. Kohn & Company grew its holdings in shares of ONEOK by 4.5% in the fourth quarter. L.M. Kohn & Company now owns 2,460 shares of the utilities provider's stock valued at $247,000 after purchasing an additional 105 shares during the period. Finally, Mindset Wealth Management LLC grew its holdings in shares of ONEOK by 0.7% in the fourth quarter. Mindset Wealth Management LLC now owns 16,114 shares of the utilities provider's stock valued at $1,618,000 after purchasing an additional 106 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Down 0.1%

NYSE:OKE traded down $0.06 during mid-day trading on Friday, hitting $80.62. The stock had a trading volume of 8,053,036 shares, compared to its average volume of 3,304,615. The stock has a 50-day simple moving average of $85.25 and a two-hundred day simple moving average of $96.27. The company has a market capitalization of $50.36 billion, a PE ratio of 16.87, a PEG ratio of 3.77 and a beta of 1.01. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59.

ONEOK (NYSE:OKE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.24). The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period last year, the business earned $1.09 EPS. On average, equities research analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 5.11%. ONEOK's dividend payout ratio is currently 80.47%.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of recent analyst reports. Barclays decreased their target price on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Citigroup decreased their target price on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company decreased their target price on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Scotiabank decreased their target price on shares of ONEOK from $100.00 to $96.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, May 20th. Finally, Morgan Stanley upped their target price on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research report on Tuesday, March 25th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ONEOK has a consensus rating of "Moderate Buy" and a consensus target price of $104.69.

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.