ONEOK, Inc. (NYSE:OKE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of ONEOK, Inc. (NYSE:OKE) have been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $103.92.

Several equities analysts have commented on the company. UBS Group upped their price target on ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 15th. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Barclays assumed coverage on ONEOK in a report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price target for the company. Scotiabank assumed coverage on ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price target for the company. Finally, Mizuho raised ONEOK to a “hold” rating in a report on Thursday, November 7th.

ONEOK Price Performance

NYSE OKE opened at $98.07 on Monday. ONEOK has a twelve month low of $72.44 and a twelve month high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market capitalization of $57.29 billion, a PE ratio of 20.52, a P/E/G ratio of 3.80 and a beta of 1.70. The stock has a 50-day simple moving average of $101.19 and a 200 day simple moving average of $98.65.

ONEOK Increases Dividend

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

Institutional Investors Weigh In On ONEOK

Large investors have recently bought and sold shares of the business. Kieckhefer Group LLC bought a new stake in ONEOK during the 4th quarter worth approximately $30,000. Greenline Partners LLC bought a new stake in ONEOK during the 4th quarter worth approximately $32,000. Access Investment Management LLC bought a new stake in ONEOK during the 3rd quarter worth approximately $37,000. Vermillion Wealth Management Inc. bought a new stake in ONEOK during the 4th quarter worth approximately $37,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in ONEOK during the 4th quarter worth approximately $39,000. 69.13% of the stock is currently owned by institutional investors.

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.