Wealth Alliance Advisory Group LLC Has $1.59 Million Position in ONEOK, Inc. (NYSE:OKE)

Wealth Alliance Advisory Group LLC lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 32.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,449 shares of the utilities provider’s stock after purchasing an additional 4,230 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in ONEOK were worth $1,590,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Ferguson Wellman Capital Management Inc. increased its position in shares of ONEOK by 1.4% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 9,202 shares of the utilities provider’s stock worth $839,000 after acquiring an additional 125 shares in the last quarter. Blue Trust Inc. increased its holdings in ONEOK by 138.6% during the 3rd quarter. Blue Trust Inc. now owns 5,838 shares of the utilities provider’s stock worth $532,000 after purchasing an additional 3,391 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in ONEOK by 1.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 269,654 shares of the utilities provider’s stock worth $24,574,000 after purchasing an additional 3,812 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of ONEOK by 2.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 65,534 shares of the utilities provider’s stock valued at $5,972,000 after purchasing an additional 1,385 shares during the period. Finally, OmniStar Financial Group Inc. lifted its holdings in shares of ONEOK by 79.6% in the third quarter. OmniStar Financial Group Inc. now owns 17,362 shares of the utilities provider’s stock valued at $1,585,000 after purchasing an additional 7,694 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OKE has been the topic of a number of recent research reports. Scotiabank lifted their target price on ONEOK from $88.00 to $102.00 and gave the company a “sector outperform” rating in a research report on Friday, August 30th. Royal Bank of Canada increased their target price on shares of ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a report on Wednesday. Wells Fargo & Company lifted their price target on shares of ONEOK from $91.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Mizuho increased their price objective on shares of ONEOK from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Tudor Pickering raised ONEOK to a “hold” rating in a research report on Thursday, July 18th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and a consensus target price of $94.77.

Insiders Place Their Bets

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total transaction of $310,901.79. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

ONEOK Trading Up 0.8 %

Shares of NYSE:OKE opened at $97.23 on Friday. The stock has a market cap of $56.79 billion, a PE ratio of 21.18, a P/E/G ratio of 4.82 and a beta of 1.67. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.22. ONEOK, Inc. has a 12-month low of $63.33 and a 12-month high of $98.01. The business has a 50 day moving average of $91.79 and a 200-day moving average of $84.68.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $5.52 billion. ONEOK had a return on equity of 15.54% and a net margin of 13.41%. During the same period in the previous year, the company posted $1.04 EPS. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.09 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Friday, November 1st. ONEOK’s dividend payout ratio is 86.27%.

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.