ONEOK, Inc. (NYSE:OKE) declared a quarterly dividend on Thursday, January 21st, Market Beat Ratings reports. Stockholders of record on Monday, February 1st will be given a dividend of 0.615 per share on Friday, February 12th. This represents a $2.46 annualized dividend and a dividend yield of 10.12%. The ex-dividend date of this dividend is Thursday, January 28th.

Shares of ONEOK (NYSE:OKE) opened at 24.30 on Wednesday. ONEOK has a 1-year low of $18.84 and a 1-year high of $51.53. The firm has a 50-day moving average price of $22.57 and a 200 day moving average price of $31.77. The company has a market cap of $5.09 billion and a PE ratio of 16.27.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, November 3rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. During the same period in the prior year, the company earned $0.40 earnings per share. On average, equities analysts anticipate that ONEOK will post $1.51 earnings per share for the current year.

In related news, EVP Walter S. Hulse III acquired 15,000 shares of the stock in a transaction dated Thursday, December 24th. The stock was bought at an average cost of $23.98 per share, for a total transaction of $359,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Several equities analysts have recently issued reports on the company. Credit Suisse restated a “hold” rating on shares of ONEOK in a research report on Tuesday, December 22nd. Zacks Investment Research lowered ONEOK from a “buy” rating to a “hold” rating in a research report on Monday, November 23rd. Oppenheimer lowered ONEOK from an “outperform” rating to a “market perform” rating in a research report on Friday, January 22nd. Argus upgraded ONEOK from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Monday, January 11th. Finally, Deutsche Bank reiterated a “sell” rating and issued a $26.00 price objective (down from $36.00) on shares of ONEOK in a research report on Monday, November 16th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $35.08.

ONEOK, Inc. is the sole general partner of ONEOK Partners, L.P. (NYSE:OKE), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides nondiscretionary services to producers, including gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities.

12 Month Chart for NYSE:OKE

Receive News & Ratings for ONEOK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONEOK Inc. and related companies with MarketBeat.com's FREE daily email newsletter.