ONEOK, Inc. (NYSE:OKE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of ONEOK, Inc. (NYSE:OKE) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $103.92.

OKE has been the subject of several research reports. Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Monday, February 10th. Scotiabank initiated coverage on shares of ONEOK in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Barclays initiated coverage on shares of ONEOK in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price target for the company. Finally, Wells Fargo & Company downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target for the company. in a research report on Wednesday, December 18th.

ONEOK Stock Down 0.6 %

OKE stock opened at $98.07 on Monday. The company has a fifty day moving average price of $101.19 and a 200 day moving average price of $98.87. ONEOK has a 12 month low of $72.44 and a 12 month high of $118.07. The company has a market cap of $57.29 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.20%. ONEOK’s dividend payout ratio is 86.19%.

Hedge Funds Weigh In On ONEOK

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kieckhefer Group LLC acquired a new position in shares of ONEOK during the 4th quarter worth $30,000. Greenline Partners LLC acquired a new position in shares of ONEOK during the 4th quarter worth $32,000. Vermillion Wealth Management Inc. acquired a new stake in ONEOK in the 4th quarter valued at about $37,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in ONEOK in the 4th quarter valued at about $39,000. Finally, Canton Hathaway LLC acquired a new stake in ONEOK in the 4th quarter valued at about $40,000. 69.13% of the stock is owned by institutional investors and hedge funds.

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.