ONEOK, Inc. (NYSE:OKE) Receives Average Recommendation of "Moderate Buy" from Brokerages

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

OKE has been the topic of several research analyst reports. Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 target price on the stock in a research note on Monday, February 10th. Mizuho upgraded shares of ONEOK to a "hold" rating in a research report on Thursday, November 7th. Wells Fargo & Company downgraded 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. UBS Group increased 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. Finally, Truist Financial lifted their price objective on ONEOK from $99.00 to $107.00 and gave the stock a "hold" rating in a report on Tuesday, December 3rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Kieckhefer Group LLC purchased a new position in shares of ONEOK in the fourth quarter worth $30,000. Greenline Partners LLC purchased a new stake in ONEOK in the 4th quarter worth $32,000. Access Investment Management LLC purchased a new stake in ONEOK in the 3rd quarter worth $37,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of ONEOK during the 4th quarter valued at about $39,000. Finally, Canton Hathaway LLC purchased a new position in shares of ONEOK during the fourth quarter valued at about $40,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Down 0.6 %

Shares of ONEOK stock traded down $0.55 on Monday, reaching $98.65. The company's stock had a trading volume of 2,985,220 shares, compared to its average volume of 3,913,637. The company has a market capitalization of $57.63 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 3.77 and a beta of 1.70. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK has a 52 week low of $71.85 and a 52 week high of $118.07. The firm's fifty day simple moving average is $101.42 and its two-hundred day simple moving average is $98.51.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors 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 dividend yield of 4.18%. This is a boost from ONEOK's previous quarterly dividend of $0.99. ONEOK's dividend payout ratio (DPR) is currently 86.19%.

About ONEOK

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.