ONEOK, Inc. (NYSE:OKE) Receives $84.25 Average PT from Analysts

Shares of ONEOK, Inc. (NYSE:OKEGet Free Report) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $84.25.

A number of brokerages have recently commented on OKE. Mizuho boosted their price objective on ONEOK from $75.00 to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. Wells Fargo & Company raised their price objective on shares of ONEOK from $81.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Truist Financial boosted their target price on shares of ONEOK from $71.00 to $81.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Citigroup raised their price target on ONEOK from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Stifel Nicolaus upped their price objective on ONEOK from $81.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th.

View Our Latest Report on OKE

ONEOK Price Performance

ONEOK stock opened at $80.06 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.70 and a debt-to-equity ratio of 1.24. ONEOK has a 52-week low of $57.37 and a 52-week high of $83.31. The firm has a market cap of $46.73 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 4.19 and a beta of 1.65. The company’s 50 day moving average is $79.78 and its two-hundred day moving average is $75.16.

ONEOK (NYSE:OKEGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. ONEOK had a return on equity of 15.94% and a net margin of 12.54%. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same quarter in the prior year, the company earned $2.34 earnings per share. On average, research analysts expect that ONEOK will post 4.94 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $3.96 annualized dividend and a dividend yield of 4.95%. ONEOK’s dividend payout ratio (DPR) is currently 92.09%.

Institutional Trading of ONEOK

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in ONEOK by 21.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,554 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 272 shares during the period. DekaBank Deutsche Girozentrale increased its position in ONEOK by 1.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 124,244 shares of the utilities provider’s stock worth $9,864,000 after purchasing an additional 2,028 shares during the period. Aurora Investment Counsel raised its stake in shares of ONEOK by 11.8% during the 1st quarter. Aurora Investment Counsel now owns 25,591 shares of the utilities provider’s stock worth $2,052,000 after buying an additional 2,701 shares in the last quarter. Granite Group Advisors LLC lifted its holdings in shares of ONEOK by 4.0% in the 1st quarter. Granite Group Advisors LLC now owns 5,664 shares of the utilities provider’s stock valued at $454,000 after buying an additional 220 shares during the period. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of ONEOK in the first quarter valued at approximately $4,842,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

About ONEOK

(Get Free Report

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.

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Analyst Recommendations for ONEOK (NYSE:OKE)

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