6% Yield, Strong Q3 Growth, Guidance Raised Again

Natural gas is up ~95% so far in 2021, hovering around $5.08 on 11/19/21, vs. ~$2.60 at the start of 2021. This stock yields 6.05%, with 1.2x trailing coverage. Management raised full-year 2021 guidance again in Q3 '21, and analysts raised price targets. The company has outperformed the midstream industry, the energy sector and the S&P by wide margins in 2021.

ONEOK Inc. (OKE) engages in gathering, processing, storage, and transportation of natural gas in the US. As one of the premier natgas companies, it has benefited greatly from rising natgas prices. When we last covered OKE in late August, it was at $53.46, and has delivered a ~15% return since then. OKE also has outperformed the midstream industry, the broad energy sector, and the S&P 500 over the past year and in 2021 by wide margins, in addition to outperforming them in the past quarter.

Source: Seeking Alpha

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