ONEOK, Inc. Common Stock (NYSE:OKE):
ONEOK Declares Quarterly Dividend.
The company is trading down since yesterday’s close of $48.51.
Additionally ONEOK, Inc. Common Stock recently declared a dividend payable on Monday the 14th of November 2016. The dividend payment will be $0.615 per share for the quarter which comes to $2.46 on an annualized basis. This dividend represents a yeild of $5.00 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Thursday the 27th of October 2016.
Shares last traded at $48.18 which is a tad under the 50 day moving average which is $49.29 and which is just a bit higher than the 200 day moving average of $45.11. The 50 day moving average moved down $-1.11 and the 200 day average was up $3.07.
The company currently has a P/E ratio of 36.64 and the market cap is 10.14B. In the last earnings report the EPS was $1.32 and is expected to be $1.71 for the current year with 210,426,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.47 and the next full year EPS is anticipated to be $1.87.
Several Wall Street analysts have weighed in on OKE. On October 10 the stock rating was upgraded from “Sell” to “Hold” in a report from Deutsche Bank. On October 10 the company was set at “Hold” according to a report up from the previous “” rating.
On October 4 the company was downgraded to “Hold” from “Overweight” and a price target of $43.00 was set in a statement from Morgan Stanley. July 25 investment analysts at Jefferies held the company rating at “Hold” and raised the price expectation from $42.00 to $43.00.
On June 17 the company was downgraded from “Buy” to “Hold” in a report issued by Argus Research. On June 8 the stock rating was downgraded from “Buy” to “Hold” with a current price target of $42.00 by analysts at Jefferies.