Analysts Set ONEOK, Inc. (NYSE:OKE) PT at $101.00

Shares of ONEOK, Inc. (NYSE:OKE) have been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $101.00.

Several brokerages have commented on OKE. Mizuho raised shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. Truist Financial lifted their price objective on ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada boosted their target price on ONEOK from $89.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 16th. Bank of America assumed coverage on ONEOK in a report on Thursday, October 17th. They issued a “buy” rating and a $105.00 price target on the stock. Finally, UBS Group boosted their price objective on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 15th.

Hedge Funds Weigh In On ONEOK

Several institutional investors and hedge funds have recently bought and sold shares of OKE. Quest Partners LLC bought a new position in shares of ONEOK in the second quarter worth approximately $28,000. Matrix Trust Co bought a new stake in ONEOK in the 3rd quarter worth $29,000. Access Investment Management LLC purchased a new position in shares of ONEOK in the third quarter valued at about $37,000. Values First Advisors Inc. bought a new position in shares of ONEOK during the third quarter valued at about $44,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of ONEOK by 37.4% during the third quarter. Fortitude Family Office LLC now owns 496 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 135 shares during the period. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Performance

NYSE:OKE opened at $102.90 on Friday. The business’s fifty day moving average is $104.99 and its 200 day moving average is $94.00. The firm has a market cap of $60.11 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 5.24 and a beta of 1.69. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK has a 52-week low of $67.05 and a 52-week high of $118.07.

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

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Friday, November 1st. ONEOK’s dividend payout ratio (DPR) is presently 82.85%.

ONEOK Company Profile

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.