ONEOK, Inc. (NYSE:OKE) Receives $102.92 Consensus PT from Brokerages

Shares of ONEOK, Inc. (NYSE:OKE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $102.92.

Several research analysts have recently weighed in on OKE shares. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target on the stock. in a research note on Wednesday, December 18th. Barclays lifted their price target on shares of ONEOK from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. UBS Group lifted 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. Scotiabank started coverage on shares of ONEOK in a research note on Friday, January 10th. They set a “sector outperform” rating and a $109.00 price target on the stock. Finally, US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 26th.

Institutional Trading of ONEOK

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Dallas Securities Inc. increased its holdings in ONEOK by 0.3% in the 4th quarter. First Dallas Securities Inc. now owns 63,403 shares of the utilities provider’s stock valued at $6,366,000 after acquiring an additional 221 shares during the last quarter. Columbus Macro LLC bought a new stake in shares of ONEOK in the 4th quarter worth about $7,852,000. Alliance Wealth Advisors LLC UT increased its holdings in shares of ONEOK by 1.1% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 39,912 shares of the utilities provider’s stock worth $4,007,000 after buying an additional 418 shares during the last quarter. Hodges Capital Management Inc. increased its holdings in shares of ONEOK by 1.5% in the 4th quarter. Hodges Capital Management Inc. now owns 149,128 shares of the utilities provider’s stock worth $14,973,000 after buying an additional 2,221 shares during the last quarter. Finally, Catalina Capital Group LLC increased its holdings in shares of ONEOK by 4.9% in the 4th quarter. Catalina Capital Group LLC now owns 4,080 shares of the utilities provider’s stock worth $410,000 after buying an additional 190 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Down 0.5 %

Shares of ONEOK stock opened at $104.42 on Thursday. The company has a market cap of $61.00 billion, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 4.03 and a beta of 1.70. The company’s 50 day moving average is $106.00 and its 200 day moving average is $96.50. ONEOK has a twelve month low of $67.05 and a twelve month 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.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same quarter last year, the company earned $0.99 EPS. Research analysts anticipate that ONEOK will post 5.1 EPS for the current year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a $1.03 dividend. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Monday, February 3rd. ONEOK’s payout ratio is currently 82.85%.

About ONEOK

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.