Mariner Wealth Advisors LLC cut its stake in shares of ONEOK, Inc. (NYSE:OKE) by 11.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 45,274 shares of the utilities provider’s stock after selling 5,724 shares during the period. Mariner Wealth Advisors LLC’s holdings in ONEOK were worth $2,420,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of OKE. Winslow Evans & Crocker Inc. grew its holdings in shares of ONEOK by 462.9% during the third quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock worth $109,000 after buying an additional 1,620 shares in the last quarter. Mercer Capital Advisers Inc. grew its holdings in shares of ONEOK by 229.8% during the third quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock worth $110,000 after buying an additional 1,379 shares in the last quarter. Enterprise Financial Services Corp grew its holdings in shares of ONEOK by 332.8% during the third quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock worth $126,000 after buying an additional 1,744 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of ONEOK by 562.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,735 shares of the utilities provider’s stock worth $147,000 after buying an additional 2,322 shares in the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new stake in shares of ONEOK during the third quarter worth $150,000. Institutional investors own 66.24% of the company’s stock.
A number of research firms have recently issued reports on OKE. Credit Suisse Group began coverage on shares of ONEOK in a report on Monday, January 8th. They set an “outperform” rating and a $62.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of ONEOK from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Mizuho reissued a “hold” rating and issued a $61.00 price objective on shares of ONEOK in a report on Tuesday, January 23rd. Zacks Investment Research lowered shares of ONEOK from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Wells Fargo & Co raised shares of ONEOK from a “market perform” rating to an “outperform” rating in a report on Thursday, January 11th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.15.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, January 29th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, January 26th. This represents a $3.08 dividend on an annualized basis and a yield of 5.40%. This is a boost from ONEOK’s previous quarterly dividend of $0.75. ONEOK’s dividend payout ratio is presently 192.50%.
ONEOK Company Profile
ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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