Diversified LLC Sells 257 Shares of ONEOK, Inc. (NYSE:OKE)

Diversified LLC lessened its position in shares of ONEOK, Inc. (NYSE:OKE) by 7.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,976 shares of the utilities provider’s stock after selling 257 shares during the period. Diversified LLC’s holdings in ONEOK were worth $271,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. 1832 Asset Management L.P. acquired a new position in ONEOK during the first quarter valued at approximately $2,445,000. Price T Rowe Associates Inc. MD boosted its position in ONEOK by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 792,631 shares of the utilities provider’s stock valued at $63,546,000 after acquiring an additional 11,982 shares during the last quarter. SVB Wealth LLC boosted its position in ONEOK by 3.2% during the first quarter. SVB Wealth LLC now owns 21,693 shares of the utilities provider’s stock valued at $1,739,000 after acquiring an additional 674 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in ONEOK by 1.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 76,937 shares of the utilities provider’s stock valued at $6,168,000 after acquiring an additional 1,017 shares during the last quarter. Finally, Innova Wealth Partners bought a new position in shares of ONEOK during the 1st quarter worth about $200,000. 69.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ONEOK

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of ONEOK stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

OKE has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. UBS Group raised their price target on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays raised their price objective on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Royal Bank of Canada boosted their price target on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $103.00 to $111.00 in a research report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.38.

ONEOK Trading Up 0.6 %

NYSE:OKE opened at $117.81 on Monday. ONEOK, Inc. has a 52 week low of $65.49 and a 52 week 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 company’s 50 day moving average price is $98.87 and its 200-day moving average price is $89.00. The stock has a market cap of $68.82 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 5.84 and a beta of 1.66.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the previous year, the business posted $0.99 earnings per share. On average, equities research analysts forecast that ONEOK, Inc. will post 5.15 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Friday, November 1st were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.96 dividend on an annualized basis and a yield of 3.36%. ONEOK’s dividend payout ratio is currently 82.85%.

ONEOK 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.