Fintel stories that on May 23, 2023, Citigroup maintained protection of Oneok (NYSE:OKE) with a Buy advice.
Analyst Price Forecast Suggests 27.85% Upside
As of May 11, 2023, the typical one-year worth goal for Oneok is 74.27. The forecasts vary from a low of 62.62 to a excessive of $85.05. The common worth goal represents a rise of 27.85% from its newest reported closing worth of 58.09.
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The projected annual income for Oneok is 24,159MM, a rise of 12.56%. The projected annual non-GAAP EPS is 4.46.
Oneok Declares $0.96 Dividend
On April 20, 2023 the corporate declared a common quarterly dividend of $0.96 per share ($3.82 annualized). Shareholders of document as of May 1, 2023 obtained the fee on May 15, 2023. Previously, the corporate paid $0.96 per share.
At the present share worth of $58.09 / share, the inventory’s dividend yield is 6.58%.
Looking again 5 years and taking a pattern each week, the typical dividend yield has been 7.01%, the bottom has been 4.46%, and the very best has been 19.08%. The normal deviation of yields is 2.84 (n=237).
The present dividend yield is 0.15 normal deviations under the historic common.
Additionally, the corporate’s dividend payout ratio is 0.72. The payout ratio tells us how a lot of an organization’s revenue is paid out in dividends. A payout ratio of 1 (1.0) means 100% of the corporate’s revenue is paid in a dividend. A payout ratio larger than one means the corporate is dipping into financial savings as a way to preserve its dividend – not a wholesome scenario. Companies with few progress prospects are anticipated to pay out most of their revenue in dividends, which usually means a payout ratio between 0.5 and 1.0. Companies with good progress prospects are anticipated to retain some earnings as a way to put money into these progress prospects, which interprets to a payout ratio of zero to 0.5.
The firm’s 3-Year dividend progress fee is 0.02%, demonstrating that it has elevated its dividend over time.
What is the Fund Sentiment?
There are 1789 funds or establishments reporting positions in Oneok. This is a lower of 8 proprietor(s) or 0.45% within the final quarter. Average portfolio weight of all funds devoted to OKE is 0.40%, a rise of 10.63%. Total shares owned by establishments decreased within the final three months by 2.42% to 335,103K shares. The put/name ratio of OKE is 0.69, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 13,585K shares representing 3.04% possession of the corporate. In it is prior submitting, the agency reported proudly owning 13,322K shares, representing a rise of 1.93%. The agency elevated its portfolio allocation in OKE by 20.75% over the past quarter.
XLE – The Energy Select Sector SPDR Fund holds 12,938K shares representing 2.89% possession of the corporate. In it is prior submitting, the agency reported proudly owning 13,055K shares, representing a lower of 0.91%. The agency elevated its portfolio allocation in OKE by 4.58% over the past quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 10,404K shares representing 2.33% possession of the corporate. In it is prior submitting, the agency reported proudly owning 10,314K shares, representing a rise of 0.87%. The agency elevated its portfolio allocation in OKE by 18.80% over the past quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 10,332K shares representing 2.31% possession of the corporate. In it is prior submitting, the agency reported proudly owning 10,130K shares, representing a rise of 1.96%. The agency elevated its portfolio allocation in OKE by 20.48% over the past quarter.
Deutsche Bank Ag holds 9,843K shares representing 2.20% possession of the corporate. In it is prior submitting, the agency reported proudly owning 8,000K shares, representing a rise of 18.72%. The agency decreased its portfolio allocation in OKE by 85.95% over the past quarter.
Oneok Background Information
(This description is offered by the corporate.)
ONEOK, Inc. (pronounced ONE-OAK) is a number one midstream service supplier and proprietor of one of many nation’s premier pure gasoline liquids (NGL) techniques, connecting NGL provide within the Rocky Mountain, Mid-Continent and Permian areas with key market facilities and an intensive community of pure gasoline gathering, processing, storage and transportation belongings.
Key filings for this firm:
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