ONEOK Inc. (OKE) Update - Dec 1
Posted: Wed Dec 01, 2021 12:37 pm
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".
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".