Tritonpoint Wealth LLC Sells 272 Shares of ONEOK, Inc. (NYSE:OKE)

Tritonpoint Wealth LLC decreased its position in ONEOK, Inc. (NYSE:OKE) by 1.2% during the 4th quarter, Holdings Channel reports. The firm owned 22,762 shares of the utilities provider’s stock after selling 272 shares during the quarter. Tritonpoint Wealth LLC’s holdings in ONEOK were worth $2,285,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in OKE. National Pension Service raised its stake in shares of ONEOK by 1.6% in the third quarter. National Pension Service now owns 763,833 shares of the utilities provider’s stock valued at $69,608,000 after acquiring an additional 12,349 shares during the last quarter. Leavell Investment Management Inc. boosted its stake in ONEOK by 3.8% in the third quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider’s stock worth $12,871,000 after purchasing an additional 5,175 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of ONEOK by 11.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 54,557 shares of the utilities provider’s stock valued at $4,972,000 after buying an additional 5,451 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of ONEOK by 14,279.1% in the fourth quarter. FNY Investment Advisers LLC now owns 22,000 shares of the utilities provider’s stock valued at $2,208,000 after buying an additional 21,847 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its position in ONEOK by 57.9% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider’s stock worth $1,456,000 after buying an additional 5,321 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Down 2.9 %

Shares of NYSE OKE opened at $96.95 on Friday. The firm has a 50 day moving average price of $104.51 and a 200 day moving average price of $97.06. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market cap of $56.64 billion, a P/E ratio of 20.28, a P/E/G ratio of 3.81 and a beta of 1.70. ONEOK, Inc. has a 52-week low of $67.05 and a 52-week high of $118.07.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $1.03 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.25%. This is a boost from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio is currently 82.85%.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of research analyst reports. Scotiabank assumed coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price for the company. UBS Group increased their price objective on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays upped their price target on ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Wells Fargo & Company lowered ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a research report on Wednesday, December 18th. Finally, Bank of America started coverage on shares of ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and an average price target of $102.92.

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.