Shares of ONEOK, Inc. (NYSE:OKE) have received a consensus rating of “Hold” from the twenty ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $74.53.

OKE has been the subject of several recent research reports. Goldman Sachs Group raised ONEOK from a “neutral” rating to a “buy” rating and increased their price target for the company from $73.00 to $81.00 in a research note on Sunday, November 3rd. Barclays set a $79.00 price objective on ONEOK and gave the stock a “hold” rating in a research report on Tuesday, October 15th. ValuEngine lowered ONEOK from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Raymond James reduced their target price on ONEOK from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Tudor Pickering initiated coverage on shares of ONEOK in a research report on Friday, November 8th. They set a “buy” rating and a $74.00 target price for the company.

Shares of ONEOK stock opened at $71.59 on Friday. The stock has a market cap of $29.57 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 2.17 and a beta of 1.16. ONEOK has a twelve month low of $50.26 and a twelve month high of $77.21. The company’s fifty day moving average is $70.79 and its 200 day moving average is $69.74. The company has a quick ratio of 0.95, a current ratio of 1.26 and a debt-to-equity ratio of 2.01.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.74. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.36 billion. ONEOK had a return on equity of 19.56% and a net margin of 11.76%. During the same period last year, the company earned $0.75 EPS. As a group, equities analysts anticipate that ONEOK will post 3.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a dividend of $0.915 per share. The ex-dividend date was Friday, November 1st. This represents a $3.66 annualized dividend and a yield of 5.11%. This is a positive change from ONEOK’s previous quarterly dividend of $0.89. ONEOK’s dividend payout ratio is presently 131.65%.

In related news, CAO Mary M. Spears sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $71.85, for a total transaction of $143,700.00. Following the completion of the sale, the chief accounting officer now owns 10,263 shares in the company, valued at $737,396.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its holdings in ONEOK by 237.2% during the third quarter. Voya Investment Management LLC now owns 1,162,753 shares of the utilities provider’s stock valued at $85,683,000 after purchasing an additional 817,877 shares during the period. State of Tennessee Treasury Department increased its stake in shares of ONEOK by 313.3% in the third quarter. State of Tennessee Treasury Department now owns 981,378 shares of the utilities provider’s stock worth $72,318,000 after purchasing an additional 743,900 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of ONEOK in the second quarter valued at approximately $51,047,000. Vanguard Group Inc. raised its position in shares of ONEOK by 1.6% in the second quarter. Vanguard Group Inc. now owns 46,629,850 shares of the utilities provider’s stock valued at $3,208,599,000 after purchasing an additional 739,353 shares during the period. Finally, Scout Investments Inc. purchased a new stake in shares of ONEOK during the 3rd quarter valued at approximately $44,621,000. 73.27% of the stock is owned by hedge funds and other institutional investors.


ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

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Analyst Recommendations for ONEOK (NYSE:OKE)

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