Principle Wealth Partners LLC Sells 153 Shares of ONEOK, Inc. (NYSE:OKE)

Principle Wealth Partners LLC reduced its holdings in ONEOK, Inc. (NYSE:OKE) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,500 shares of the utilities provider’s stock after selling 153 shares during the period. Principle Wealth Partners LLC’s holdings in ONEOK were worth $351,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in OKE. Ritholtz Wealth Management bought a new position in ONEOK in the 3rd quarter worth approximately $206,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of ONEOK by 28.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,233 shares of the utilities provider’s stock worth $751,000 after purchasing an additional 1,826 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of ONEOK during the 3rd quarter worth approximately $106,000. CX Institutional grew its holdings in shares of ONEOK by 1.0% during the 3rd quarter. CX Institutional now owns 56,583 shares of the utilities provider’s stock worth $5,156,000 after purchasing an additional 552 shares in the last quarter. Finally, Wesbanco Bank Inc. grew its holdings in shares of ONEOK by 5.1% during the 3rd quarter. Wesbanco Bank Inc. now owns 10,996 shares of the utilities provider’s stock worth $1,002,000 after purchasing an additional 533 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Bank of America assumed coverage on ONEOK in a report on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective on the stock. Royal Bank of Canada lifted their price objective on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 16th. UBS Group lifted their price objective on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Monday. Finally, Truist Financial lifted their price objective on ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.92.

ONEOK Trading Up 0.3 %

OKE stock opened at $98.98 on Wednesday. The company has a market cap of $57.82 billion, a P/E ratio of 20.71, a PEG ratio of 3.67 and a beta of 1.70. ONEOK, Inc. has a twelve month low of $68.65 and a twelve month 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 business has a fifty day moving average of $102.68 and a 200-day moving average of $97.82.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $1.03 per share. The ex-dividend date is Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.16%. This is an increase from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s payout ratio is presently 86.19%.

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.