Atria Wealth Solutions Inc. Buys 20,882 Shares of ONEOK, Inc. (NYSE:OKE)

Atria Wealth Solutions Inc. grew its holdings in ONEOK, Inc. (NYSE:OKE) by 30.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 90,525 shares of the utilities provider’s stock after acquiring an additional 20,882 shares during the period. Atria Wealth Solutions Inc.’s holdings in ONEOK were worth $9,089,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. National Pension Service lifted its position 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 in the last quarter. Leavell Investment Management Inc. lifted its position in shares of ONEOK by 3.8% in the third quarter. Leavell Investment Management Inc. now owns 141,236 shares of the utilities provider’s stock valued at $12,871,000 after acquiring an additional 5,175 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position 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 acquiring an additional 5,451 shares in the last quarter. FNY Investment Advisers LLC lifted its position 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 acquiring an additional 21,847 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its position in shares of ONEOK by 57.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,506 shares of the utilities provider’s stock valued at $1,456,000 after acquiring an additional 5,321 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OKE shares. Truist Financial boosted their price objective on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research report on Tuesday, December 3rd. UBS Group boosted their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Scotiabank initiated coverage on ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price on the stock. Barclays initiated coverage on ONEOK in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 target price on the stock. Finally, Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price on the stock. in a research report on Wednesday, December 18th. 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.92.

ONEOK Trading Up 0.7 %

Shares of OKE stock opened at $98.57 on Wednesday. ONEOK, Inc. has a 1 year low of $71.50 and a 1 year high of $118.07. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock’s 50 day simple moving average is $101.53 and its two-hundred day simple moving average is $98.51. The company has a market cap of $57.58 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 3.67 and a beta of 1.70.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $1.03 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date was Monday, February 3rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.18%. ONEOK’s dividend payout ratio is currently 86.19%.

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.