ONEOK, Inc. (OKE) To Go Ex-Dividend on February 3rd

ONEOK, Inc. (NYSE:OKE) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Monday, February 3rd will be paid a dividend of 1.03 per share by the utilities provider on Friday, February 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99.

ONEOK has increased its dividend by an average of 1.9% annually over the last three years. ONEOK has a payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect ONEOK to earn $6.01 per share next year, which means the company should continue to be able to cover its $3.96 annual dividend with an expected future payout ratio of 65.9%.

ONEOK Stock Performance

Shares of ONEOK stock opened at $104.91 on Friday. The stock has a market capitalization of $61.29 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 4.03 and a beta of 1.70. The firm’s fifty day simple moving average is $106.17 and its 200-day simple moving average is $96.28. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59. ONEOK has a 12 month low of $67.05 and a 12 month high of $118.07.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.05). ONEOK had a net margin of 14.05% and a return on equity of 16.84%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the previous year, the company posted $0.99 earnings per share. As a group, equities analysts forecast that ONEOK will post 5.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. US Capital Advisors upgraded shares of ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Truist Financial lifted their target price on shares of ONEOK from $99.00 to $107.00 and gave the company a “hold” rating in a report on Tuesday, December 3rd. Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target on the stock. in a research note on Wednesday, December 18th. Royal Bank of Canada raised their price objective on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Finally, UBS Group boosted their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $102.92.

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.