11,104 Shares in ONEOK, Inc. $OKE Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. bought a new stake in ONEOK, Inc. (NYSE:OKE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,104 shares of the utilities provider’s stock, valued at approximately $906,000.

Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC boosted its position in ONEOK by 36.1% in the second quarter. Advisory Services Network LLC now owns 41,020 shares of the utilities provider’s stock valued at $3,368,000 after buying an additional 10,879 shares in the last quarter. Nomura Holdings Inc. lifted its stake in ONEOK by 93.3% in the second quarter. Nomura Holdings Inc. now owns 12,092 shares of the utilities provider’s stock valued at $987,000 after buying an additional 5,837 shares during the period. Tactive Advisors LLC bought a new position in shares of ONEOK during the 2nd quarter worth about $342,000. Geneos Wealth Management Inc. increased its position in shares of ONEOK by 12.3% during the second quarter. Geneos Wealth Management Inc. now owns 49,533 shares of the utilities provider’s stock worth $4,043,000 after acquiring an additional 5,418 shares in the last quarter. Finally, Kestra Investment Management LLC lifted its holdings in shares of ONEOK by 39.0% in the second quarter. Kestra Investment Management LLC now owns 3,384 shares of the utilities provider’s stock valued at $276,000 after purchasing an additional 949 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Brian L. Derksen bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average cost of $66.00 per share, for a total transaction of $165,000.00. Following the acquisition, the director directly owned 21,200 shares of the company’s stock, valued at $1,399,200. This trade represents a 13.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

OKE has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Morgan Stanley reduced their price target on ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 8th. Citigroup lowered their target price on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $72.00 price objective on shares of ONEOK in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $88.00.

ONEOK Trading Down 1.0%

Shares of ONEOK stock opened at $72.87 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $111.02. The firm has a 50-day simple moving average of $70.27 and a two-hundred day simple moving average of $75.06. The company has a market cap of $45.85 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 4.51 and a beta of 0.95.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.49 EPS for the quarter, topping the consensus estimate of $1.48 by $0.01. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same quarter in the previous year, the company posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, equities analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $4.12 annualized dividend and a yield of 5.7%. ONEOK’s payout ratio is presently 75.74%.

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.