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Does The Data Make ONEOK, Inc. (NYSE:OKE) An Attractive Investment?

Simply Wall St

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I've been keeping an eye on ONEOK, Inc. (NYSE:OKE) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe OKE has a lot to offer. Basically, it is a notable dividend-paying company with a a strong track record of delivering benchmark-beating performance. Below, I've touched on some key aspects you should know on a high level. For those interested in digger a bit deeper into my commentary, read the full report on ONEOK here.

Solid track record average dividend payer

In the past couple of years, OKE has ramped up its bottom line by over 100%, with its latest earnings level surpassing its average level over the last five years. Not only did OKE outperformed its past performance, its growth also exceeded the Oil and Gas industry expansion, which generated a 30% earnings growth. This is an optimistic signal for the future.

NYSE:OKE Income Statement, June 14th 2019

OKE’s reputation for being one of the best dividend payers in the market is supported by the fact that it has been steadily growing its dividend payments over the past ten years and currently is one of the top yielding companies on the markets, at 5.3%.

NYSE:OKE Historical Dividend Yield, June 14th 2019

Next Steps:

For ONEOK, there are three important aspects you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for OKE’s future growth? Take a look at our free research report of analyst consensus for OKE’s outlook.
  2. Financial Health: Are OKE’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of OKE? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.