Top-Tier Income: ONEOK's Undervalued 6% Yield

Jul. 22, 2023 10:05 AM ETONEOK, Inc. (OKE) StockOKE64 Comments

Summary

  • ONEOK Inc. is a top high-yield energy stock with a 6% yield, strong balance sheet, and substantial presence in the natural gas space.
  • The company benefits from stable cash flow with over 90% fee-based income, making it appealing to income-focused investors.
  • ONEOK's strategic growth plans, including the potential acquisition of Magellan Midstream Partners, support its long-term performance and dividend growth outlook.
  • Looking for more investing ideas like this one? Get them exclusively at iREIT on Alpha. Learn More »

Money under holed paper

TanyaJoy

Introduction

While I do not own ONEOK, Inc. (NYSE:OKE) personally, it's a holding in a lot of portfolios that I advise, and a lot of friends of mine own it - even the ones who aren't even focused on dividend income.

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This article was written by

42.89K Followers

Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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