BMO Capital Markets set a $68.00 price objective on ONEOK (NYSE:OKE) in a research note issued to investors on Thursday. The brokerage currently has a buy rating on the utilities provider’s stock.

Several other research analysts also recently commented on OKE. Stifel Nicolaus reissued a hold rating and issued a $61.00 target price (up from $55.00) on shares of ONEOK in a report on Wednesday, February 28th. UBS Group reissued a buy rating and issued a $72.00 target price (up from $70.00) on shares of ONEOK in a report on Friday, March 2nd. Robert W. Baird set a $55.00 target price on ONEOK and gave the stock a hold rating in a report on Wednesday, February 28th. TheStreet downgraded ONEOK from a b rating to a c+ rating in a report on Monday, February 26th. Finally, Mizuho restated a hold rating and issued a $61.00 price objective on shares of ONEOK in a research report on Tuesday, January 23rd. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. ONEOK currently has a consensus rating of Hold and an average price target of $61.29.

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ONEOK (OKE) opened at $57.31 on Thursday. The company has a market capitalization of $23,360.00, a P/E ratio of 59.08, a PEG ratio of 2.89 and a beta of 1.26. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 1.42. ONEOK has a 1-year low of $47.14 and a 1-year high of $61.36.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, February 26th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The business had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $4.10 billion. ONEOK had a return on equity of 10.46% and a net margin of 3.19%. During the same period in the previous year, the business earned $0.43 EPS. research analysts anticipate that ONEOK will post 2.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, January 29th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Friday, January 26th. This is a boost from ONEOK’s previous quarterly dividend of $0.75. ONEOK’s payout ratio is 317.53%.

In other ONEOK news, VP Sheppard F. Miers III sold 2,200 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $56.70, for a total transaction of $124,740.00. Following the completion of the sale, the vice president now owns 31,244 shares in the company, valued at approximately $1,771,534.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund raised its position in shares of ONEOK by 1.6% during the 3rd quarter. New York State Common Retirement Fund now owns 552,700 shares of the utilities provider’s stock valued at $30,625,000 after acquiring an additional 8,800 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of ONEOK by 3.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 9,398,693 shares of the utilities provider’s stock valued at $520,782,000 after buying an additional 300,031 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of ONEOK by 13.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,724,860 shares of the utilities provider’s stock valued at $428,034,000 after buying an additional 899,502 shares during the period. Retirement Systems of Alabama grew its holdings in shares of ONEOK by 3.3% in the 3rd quarter. Retirement Systems of Alabama now owns 184,309 shares of the utilities provider’s stock valued at $10,213,000 after buying an additional 5,964 shares during the period. Finally, Cohen & Steers Inc. grew its holdings in shares of ONEOK by 91.3% in the 3rd quarter. Cohen & Steers Inc. now owns 2,570,282 shares of the utilities provider’s stock valued at $142,419,000 after buying an additional 1,226,876 shares during the period. Institutional investors own 67.76% of the company’s stock.

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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.

Analyst Recommendations for ONEOK (NYSE:OKE)

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