ONEOK, Inc. (NYSE:OKE) Given Average Rating of "Moderate Buy" by Brokerages

Shares of ONEOK, Inc. (NYSE:OKE - Get Free Report) have received an average rating of "Moderate Buy" from the fifteen analysts that are 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 issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $104.69.

Several equities analysts have issued reports on OKE shares. Wells Fargo & Company dropped their price objective on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Barclays cut their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Scotiabank cut their price target on shares of ONEOK from $100.00 to $96.00 and set a "sector outperform" rating for the company in a report on Tuesday, May 20th. Finally, Citigroup cut their price target on shares of ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a report on Tuesday, May 6th.

ONEOK Stock Performance

OKE traded down $0.06 during trading on Wednesday, hitting $80.62. The stock had a trading volume of 8,053,036 shares, compared to its average volume of 3,304,615. 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 firm has a market capitalization of $50.36 billion, a P/E ratio of 16.87, a PEG ratio of 3.77 and a beta of 1.01. The company's 50-day moving average price is $85.25 and its 200 day moving average price is $96.19. ONEOK has a twelve month low of $75.48 and a twelve month high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.24). The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the prior year, the firm posted $1.09 earnings per share. On average, equities research analysts forecast that ONEOK will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $1.03 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 5.11%. ONEOK's payout ratio is 80.47%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. McAdam LLC lifted its holdings in ONEOK by 3.8% in the 4th quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock valued at $262,000 after purchasing an additional 96 shares in the last quarter. Alliance Wealth Advisors LLC lifted its holdings in shares of ONEOK by 0.8% during the 4th quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock worth $1,262,000 after acquiring an additional 100 shares during the period. L.M. Kohn & Company lifted its holdings in shares of ONEOK by 4.5% during the 4th quarter. L.M. Kohn & Company now owns 2,460 shares of the utilities provider's stock worth $247,000 after acquiring an additional 105 shares during the period. Mindset Wealth Management LLC lifted its holdings in shares of ONEOK by 0.7% during the 4th quarter. Mindset Wealth Management LLC now owns 16,114 shares of the utilities provider's stock worth $1,618,000 after acquiring an additional 106 shares during the period. Finally, Marcum Wealth LLC lifted its holdings in shares of ONEOK by 1.1% during the 1st quarter. Marcum Wealth LLC now owns 10,250 shares of the utilities provider's stock worth $1,017,000 after acquiring an additional 108 shares during the period. 69.13% of the stock is currently owned by hedge funds and other 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.