Why Should You Put Oneok Inc (NYSE: OKE) On Your Portfolio?

Currently, there are 583.09M common shares owned by the public and among those 582.80M shares have been available to trade.

The company’s stock has a 5-day price change of -0.88% and 26.10% over the past three months. OKE shares are trading 58.82% year to date (YTD), with the 12-month market performance up to 65.66% higher. It has a 12-month low price of $65.49 and touched a high of $118.07 over the same period. OKE has an average intraday trading volume of 2.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.38%, 12.39%, and 30.21% respectively.

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Institutional ownership of Oneok Inc (NYSE: OKE) shares accounts for 71.26% of the company’s 583.09M shares outstanding.

It has a market capitalization of $65.32B and a beta (3y monthly) value of 1.66. The stock’s trailing 12-month PE ratio is 23.35, while the earnings-per-share (ttm) stands at $4.78. The company has a PEG of 3.16 and a Quick Ratio of 0.59 with the debt-to-equity ratio at 1.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.18% over the week and 2.51% over the month.

Earnings per share for the fiscal year are expected to decrease by -6.96%, and 15.69% over the next financial year. EPS should shrink at an annualized rate of 7.39% over the next five years, compared to 14.52% over the past 5-year period.

Looking at the support for the OKE, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on October 17, 2024, with the firm’s price target at $105. Morgan Stanley coverage for the Oneok Inc (OKE) stock in a research note released on September 16, 2024 offered a Overweight rating with a price target of $111. BofA Securities on their part issued Buy rating on December 04, 2023.

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