ONEOK, Inc. (NYSE:OKE) Shares Sold by CreativeOne Wealth LLC

CreativeOne Wealth LLC decreased its position in ONEOK, Inc. (NYSE:OKE) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,118 shares of the utilities provider’s stock after selling 2,923 shares during the quarter. CreativeOne Wealth LLC’s holdings in ONEOK were worth $1,819,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Kieckhefer Group LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at $30,000. Canton Hathaway LLC purchased a new position in ONEOK in the fourth quarter valued at $40,000. J.Safra Asset Management Corp acquired a new stake in ONEOK in the fourth quarter valued at $48,000. VSM Wealth Advisory LLC purchased a new stake in ONEOK during the 4th quarter worth about $50,000. Finally, OFI Invest Asset Management acquired a new position in shares of ONEOK during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 0.8 %

Shares of OKE stock opened at $84.08 on Wednesday. The company has a market capitalization of $52.52 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The business’s 50 day moving average is $94.11 and its two-hundred day moving average is $99.50. ONEOK, Inc. has a twelve month low of $75.48 and a twelve month high of $118.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.11. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. Equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $1.03 per share. This is an increase from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 4.90%. ONEOK’s dividend payout ratio (DPR) is presently 79.69%.

Analyst Ratings Changes

Several research firms recently weighed in on OKE. Morgan Stanley boosted their target price on ONEOK from $111.00 to $133.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Wells Fargo & Company reduced their price objective on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Wolfe Research raised shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Monday, February 10th. Citigroup started coverage on shares of ONEOK in a research report on Friday, February 28th. They issued a “buy” rating and a $110.00 price target for the company. Finally, US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.00.

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.