ONEOK, Inc. (NYSE:OKE) Receives $103.92 Average Price Target from Brokerages

ONEOK, Inc. (NYSE:OKE) has been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $103.92.

A number of analysts have recently issued reports on OKE shares. Mizuho raised shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a research report on Wednesday, December 18th. 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. Truist Financial upped their target price on shares of ONEOK from $99.00 to $107.00 and gave the stock a “hold” rating in a research report on Tuesday, December 3rd. Finally, UBS Group upped their target price on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

ONEOK Stock Performance

Shares of NYSE OKE opened at $99.02 on Monday. The firm has a fifty day moving average price of $101.42 and a 200-day moving average price of $98.51. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a market cap of $57.85 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 3.74 and a beta of 1.70. ONEOK has a 1 year low of $71.50 and a 1 year high of $118.07.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $4.12 annualized dividend and a yield of 4.16%. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is 86.19%.

Institutional Investors Weigh In On ONEOK

Several institutional investors have recently made changes to their positions in the company. WCG Wealth Advisors LLC lifted its holdings in shares of ONEOK by 13.5% in the 4th quarter. WCG Wealth Advisors LLC now owns 49,655 shares of the utilities provider’s stock worth $4,985,000 after acquiring an additional 5,901 shares during the last quarter. Helium Advisors LLC bought a new stake in shares of ONEOK in the 4th quarter worth about $240,000. Fourth Dimension Wealth LLC bought a new stake in shares of ONEOK in the 4th quarter worth about $106,000. Breed s Hill Capital LLC lifted its holdings in shares of ONEOK by 16.4% in the 4th quarter. Breed s Hill Capital LLC now owns 3,106 shares of the utilities provider’s stock worth $312,000 after acquiring an additional 438 shares during the last quarter. Finally, Vise Technologies Inc. lifted its holdings in shares of ONEOK by 68.3% in the 4th quarter. Vise Technologies Inc. now owns 13,682 shares of the utilities provider’s stock worth $1,374,000 after acquiring an additional 5,554 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

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.