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

ONEOK, Inc. (NYSE:OKE) declared 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 4.25%. The ex-dividend date of this dividend 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 62.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ONEOK to earn $6.00 per share next year, which means the company should continue to be able to cover its $4.12 annual dividend with an expected future payout ratio of 68.7%.

ONEOK Trading Down 2.9 %

Shares of OKE opened at $96.95 on Friday. ONEOK has a fifty-two week low of $67.05 and a fifty-two week high of $118.07. The firm has a market cap of $56.64 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 3.81 and a beta of 1.70. The firm has a 50 day moving average price of $104.51 and a 200-day moving average price of $97.06. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period in the prior year, the firm earned $0.99 earnings per share. As a group, equities research analysts forecast that ONEOK will post 5.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

OKE has been the topic of several recent research reports. US Capital Advisors upgraded ONEOK from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Mizuho upgraded shares of ONEOK to a “hold” rating in a report on Thursday, November 7th. UBS Group increased their price target on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada boosted 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, Barclays upped their price objective on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.