ONEOK Company Profile (NYSE:OKE)

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

ONEOK announced a quarterly dividend on Wednesday, July 26th. Investors 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 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend is Thursday, August 3rd. This is a boost from ONEOK's previous quarterly dividend of $0.62. View ONEOK's Dividend History.

ONEOK, Inc. (NYSE:OKE) released its earnings results on Tuesday, August, 1st. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.45 by $0.12. The company earned $2.73 billion during the quarter, compared to analysts' expectations of $2.64 billion. ONEOK had a return on equity of 8.62% and a net margin of 3.26%. During the same quarter last year, the firm earned $0.40 earnings per share. View ONEOK's Earnings History.

ONEOK is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for ONEOK.

13 analysts have issued 12 month price targets for ONEOK's shares. Their predictions range from $48.00 to $63.00. On average, they anticipate ONEOK's share price to reach $57.00 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)

Some companies that are related to ONEOK include Williams Companies, Inc. (The) (WMB), Sunoco Logistics Partners LP (ETP), Magellan Midstream Partners L.P. (MMP), Plains All American Pipeline, L.P. (PAA), Mplx Lp (MPLX), Pembina Pipeline Corp. (PBA), Spectra Energy Partners, LP (SEP), 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), Tesoro Logistics LP (ANDX), Andeavor Logistics LP (ANDX), Shell Midstream Partners, L.P. (SHLX) and Enbridge Energy, L.P. (EEP).

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
• 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
• Brian L. Derksen, Independent Director

ONEOK's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.16%), BlackRock Inc. (6.32%), State Street Corp (4.58%), Neuberger Berman Group LLC (2.39%), Bank of New York Mellon Corp (1.80%) and Tortoise Capital Advisors L.L.C. (0.95%). 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 Renaissance Technologies LLC, Kayne Anderson Capital Advisors LP, Earnest Partners LLC, Jennison Associates LLC, Cornerstone Capital Management Holdings LLC., First Quadrant L P CA, American Century Companies Inc. and First Trust Advisors LP. View Insider Buying and Selling for ONEOK.

ONEOK's stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, BlackRock Inc., Vanguard Group Inc., Janus Henderson Group PLC, Bank of New York Mellon Corp, Vivaldi Asset Management LLC, The Manufacturers Life Insurance Company and Northern Trust 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 $56.09.