ONEOK (OKE +22.4%) is soaring in reaction to plans to spin off its natural gas distribution...

|By:, SA News Editor

ONEOK (OKE +22.4%) is soaring in reaction to plans to spin off its natural gas distribution business into a stand-alone publicly traded company. Morgan Stanley sees still more upside ahead, upgrading shares to Overweight with a $64 price target; it believes OKE will pay a materially higher dividend with growth potential of 20% through 2015.