ONEOK Company Profile (NYSE:OKE)

ONEOK trades on the New York Stock Exchange (NYSE) under the ticker symbol "OKE."

ONEOK declared a quarterly dividend on Wednesday, July 26th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.745 per share on Monday, August 14th. This represents a $2.98 annualized dividend and a yield of 5.26%. The ex-dividend date is Thursday, August 3rd. This is an increase from ONEOK's previous quarterly dividend of $0.62. View ONEOK's Dividend History.

ONEOK, Inc. (NYSE:OKE) announced its quarterly earnings results on Tuesday, May, 2nd. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.82 billion. ONEOK had a return on equity of 10.33% and a net margin of 3.60%. View ONEOK's Earnings History.

12 brokerages have issued 1-year price targets for ONEOK's stock. Their predictions range from $48.00 to $63.00. On average, they expect ONEOK's stock price to reach $56.64 in the next twelve months. View Analyst Ratings for ONEOK.

Here are some recent quotes from research analysts about ONEOK stock:

• 1. According to Zacks Investment Research, "ONEOK Inc. is poised to gain from increased drilling activities in the basin where this company has well placed assets. The increase in fee-based earnings, merger transaction with ONEOK Partners, capital-growth projects and increasing drilling activities from the producers will further boost the performance of this company. Shares of ONEOK Inc. have gained more than the broader industry in the last one year. However, strict regulations and intensifying competition in midstream energy services are the major concerns for the company. Further, rising debt levels amid the rising interest environment pose risks to the company." (7/14/2017)
• 2. Jefferies Group LLC analysts commented, "We have updated our OKE model to reflect the pending OKS acquisition; the deal will create a ~$14B basis step-up, shielding OKE from Fed cash taxes through ~2021 & permitting accelerated dividend growth. These have positive valuation effects & shares have lagged the AMZ by ~10% since our Jan downgrade so we lift our PT to $51 & upgrade to Hold; however, we note OKE's lofty EBITDA multiple & remain below the mid-point of mgmt's 2017 guidance." (2/23/2017)

ONEOK saw a decrease in short interest during the month of July. As of July 14th, there was short interest totalling 15,622,422 shares, a decrease of 35.9% from the June 30th total of 24,364,024 shares. Based on an average daily trading volume, of 9,384,317 shares, the days-to-cover ratio is presently 1.7 days. Currently, 4.1% of the company's stock are short sold.

Some companies that are related to ONEOK include Plains All American Pipeline, L.P. (PAA), Magellan Midstream Partners L.P. (MMP), Spectra Energy Partners, LP (SEP), Pembina Pipeline Corp. (PBA), Mplx Lp (MPLX), Sunoco Logistics Partners LP (ETP), Cheniere Energy Partners LP (CQP), Cheniere Energy Partners LP (CQP), Targa Resources (TRGP), Buckeye Partners L.P. (BPL), Enable Midstream Partners, LP (ENBL), EQT Midstream Partners, LP (EQM), EnLink Midstream Partners, LP (ENLK), Enbridge Energy, L.P. (EEP), Tesoro Logistics LP (TLLP), Phillips 66 Partners LP (PSXP), Shell Midstream Partners, L.P. (SHLX) and Plains Group Holdings, L.P. (PAGP).

ONEOK's management team includes the folowing people:

• Terry K. Spencer, President, Chief Executive Officer, Director of the Company and Oneok Partners
• Walter S. Hulse III, Chief Financial Officer, Executive Vice President - Strategic Planning and Corporate Affairs
• Kevin L. Burdick, Chief Operating Officer, Executive Vice President
• Robert F. Martinovich, Executive Vice President, Chief Administrative Officer
• Derek S. Reiners CPA, Senior Vice President - Finance, Treasurer
• Stephen W. Lake, Senior Vice President, General Counsel, Assistant Secretary of the Company and Oneok Partners
• Michael A. Fitzgibbons, Senior Vice President - Natural Gas Gathering and Processing
• Sheppard F. Miers III, Chief Accounting Officer, Vice President of the Company and Oneok Partners
• John William Gibson, Non-Executive Chairman of the Board
• James W. Mogg, Lead Independent Director

ONEOK's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Eagle Global Advisors LLC (1.03%), Miller Howard Investments Inc. NY (0.42%), Russell Investments Group Ltd. (0.33%), Bank of Montreal Can (0.26%), Viking Fund Management LLC (0.12%) and APG Asset Management N.V. (0.10%). Company insiders that own ONEOK stock include Brian L Derksen, Eduardo A Rodriguez, Sheppard F Miers III and Walter S Hulse III. View Institutional Ownership Trends for ONEOK.

ONEOK's stock was sold by a variety of institutional investors in the last quarter, including First Quadrant L P CA, NN Investment Partners Holdings N.V., Gateway Investment Advisers LLC, Oregon Public Employees Retirement Fund, Nisa Investment Advisors LLC, Miller Howard Investments Inc. NY, Visionary Asset Management Inc. and Exxonmobil Investment Management Inc. TX. View Insider Buying and Selling for ONEOK.

ONEOK's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Bank of Montreal Can, Forsta AP Fonden, Chevy Chase Trust Holdings Inc., Bollard Group LLC, Great West Life Assurance Co. Can, Viking Fund Management LLC and Personal Capital Advisors Corp. Company insiders that have bought ONEOK stock in the last two years include Brian L Derksen and Walter S Hulse III. View Insider Buying and Selling for ONEOK.

Shares of ONEOK can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of ONEOK stock can currently be purchased for approximately $56.62.