ONEOK, Inc. (NYSE:OKE – Get Free Report) shares traded up 1.3% on Monday . The stock traded as high as $80.96 and last traded at $80.92. 260,847 shares were traded during mid-day trading, a decline of 91% from the average session volume of 2,849,241 shares. The stock had previously closed at $79.88.
Analysts Set New Price Targets
A number of equities analysts recently commented on OKE shares. Stifel Nicolaus lifted their price target on shares of ONEOK from $81.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on ONEOK from $88.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. US Capital Advisors lowered ONEOK from an “overweight” rating to a “hold” rating in a research note on Wednesday, March 20th. Barclays upped their price objective on ONEOK from $73.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Finally, Morgan Stanley lifted their target price on ONEOK from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $84.25.
ONEOK Stock Up 1.3 %
The company has a current ratio of 0.70, a quick ratio of 0.48 and a debt-to-equity ratio of 1.24. The firm has a market cap of $47.21 billion, a PE ratio of 18.82, a P/E/G ratio of 4.35 and a beta of 1.65. The business’s 50-day simple moving average is $79.86 and its 200 day simple moving average is $75.39.
ONEOK (NYSE:OKE – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The company had revenue of $4.78 billion for the quarter, compared to analyst estimates of $5.84 billion. ONEOK had a net margin of 12.54% and a return on equity of 15.94%. During the same period last year, the company posted $2.34 earnings per share. As a group, equities research analysts expect that ONEOK, Inc. will post 4.94 earnings per share for the current year.
ONEOK Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were issued a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $3.96 dividend on an annualized basis and a yield of 4.90%. ONEOK’s dividend payout ratio is presently 92.09%.
Institutional Trading of ONEOK
A number of institutional investors have recently modified their holdings of OKE. Rise Advisors LLC purchased a new position in ONEOK during the 1st quarter worth $25,000. LifeSteps Financial Inc. purchased a new stake in shares of ONEOK during the first quarter worth about $26,000. Beacon Capital Management LLC increased its holdings in shares of ONEOK by 90.7% during the fourth quarter. Beacon Capital Management LLC now owns 408 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 194 shares in the last quarter. HHM Wealth Advisors LLC purchased a new position in shares of ONEOK in the 4th quarter valued at approximately $32,000. Finally, American National Bank acquired a new stake in ONEOK in the 1st quarter worth approximately $32,000. 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.