ONEOK Inc. (OKE) Valuation Update - Aug 6

[dan_s]

I have increased my valuation of OKE by $0.50 to $88.00/share.

OKE in one of the large-cap midstream companies in our High Yield Income Portfolio.
At the time of this post it was trading for $82.31

OKE's annualize dividends are $3.96/year and I expect them to raise the dividend in 2025. Annual dividend yield is ~4.8%

OKE has an A+ safety rating. Its pipes are full, and it generates a lot of free cash flow.

TipRanks: "In the last 3 months, 9 ranked analysts set 12-month price targets for OKE. The average price target among the analysts is $87.25." < Four analysts have increased their price targets since OKE announced Q2 results to $88, $88, $89 and $93.