Oneok Partners LP Plans Quarterly Dividend of $0.79 (OKS)
Oneok Partners LP (NYSE:OKS) declared a quarterly dividend on Wednesday, October 19th. Stockholders of record on Monday, October 31st will be paid a dividend of 0.79 per share on Monday, November 14th. This represents a $3.16 annualized dividend and a dividend yield of 7.54%.
Shares of Oneok Partners (NYSE:OKS) traded up 0.07% during trading on Wednesday, hitting $41.90. The stock had a trading volume of 372,801 shares. Oneok Partners has a one year low of $21.86 and a one year high of $42.49. The stock has a 50 day moving average price of $39.14 and a 200-day moving average price of $38.49. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of 35.63 and a beta of 0.39.
Oneok Partners (NYSE:OKS) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.14. During the same period last year, the business earned $0.44 earnings per share. On average, equities research analysts predict that Oneok Partners will post $2.26 earnings per share for the current year.
OKS has been the subject of several research reports. Morgan Stanley cut Oneok Partners from an “overweight” rating to an “equal weight” rating and set a $45.00 price target for the company. in a report on Tuesday, October 4th. Stifel Nicolaus upgraded Oneok Partners from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, September 13th. They noted that the move was a valuation call. Deutsche Bank AG upgraded Oneok Partners from a “sell” rating to a “hold” rating and raised their price objective for the stock from $40.00 to $42.00 in a research note on Monday, October 10th. JPMorgan Chase & Co. upgraded Oneok Partners from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $34.00 to $40.00 in a research note on Monday, September 5th. Finally, Zacks Investment Research upgraded Oneok Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Monday, July 11th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. Oneok Partners has an average rating of “Hold” and an average price target of $40.18.
In related news, insider John William Gibson bought 5,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were purchased at an average cost of $38.09 per share, with a total value of $190,450.00. Following the acquisition, the insider now owns 105,000 shares of the company’s stock, valued at $3,999,450. The purchase was disclosed in a filing with the SEC, which is available through this link.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Oneok Partners by 5.9% in the second quarter. BlackRock Inc. now owns 18,506 shares of the company’s stock valued at $741,000 after buying an additional 1,026 shares during the last quarter. US Bancorp DE increased its position in shares of Oneok Partners by 7.6% in the second quarter. US Bancorp DE now owns 39,612 shares of the company’s stock valued at $1,586,000 after buying an additional 2,784 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Oneok Partners by 2.5% in the second quarter. Alliancebernstein L.P. now owns 26,990 shares of the company’s stock valued at $1,081,000 after buying an additional 650 shares during the last quarter. Comerica Bank bought a new position in shares of Oneok Partners during the second quarter valued at approximately $202,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Oneok Partners by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 30,941 shares of the company’s stock valued at $932,000 after buying an additional 114 shares during the last quarter.
About Oneok Partners
ONEOK Partners, L.P. is engaged in gathering, processing, storage and transportation of natural gas in the United States. In addition, the Company owns natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions. The Company’s segments are Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines.
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