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. Stockholders of record on Monday, August 7th will be given 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 5.85%. 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) issued 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 firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. ONEOK had a net margin of 3.26% and a return on equity of 8.62%. During the same period last year, the company posted $0.40 EPS. 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.

12 brokerages have issued twelve-month target prices for ONEOK's shares. Their predictions range from $48.00 to $63.00. On average, they expect ONEOK's share price to reach $56.45 in the next year. 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 in 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 trading volume of 9,384,317 shares, the days-to-cover ratio is currently 1.7 days. Approximately 4.1% of the shares of the company are sold short.

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), Spectra Energy Partners, LP (SEP), Mplx Lp (MPLX), Pembina Pipeline Corp. (PBA), 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), Phillips 66 Partners LP (PSXP), Enbridge Energy, L.P. (EEP) and Shell Midstream Partners, L.P. (SHLX).

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 number 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 $50.95.