ONEOK Inc. (OKE) Update - Dec 1

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dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

ONEOK Inc. (OKE) Update - Dec 1

Post by dan_s »

I have updated my forecast/valuation model for OKE and posted it to the EPG website.

ONEOK is a solid midstream company in our High Yield Income Portfolio that is benefiting from increasing volumes of natural gas and NGLs being transported, processed and stored by their extensive systems.

OKE currently pays dividends of $0.935/quarter for annualized yield of ~6.2%. Based on my forecast, they should be increasing dividends in 2022. The company's stated goal is to increase dividends by 8% per year.

TipRanks: "In the last 3 months, 12 ranked analysts set 12-month price targets for OKE. The average price target among the analysts is $64.75".
Dan Steffens
Energy Prospectus Group
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