UPDATE/CORRECTION - UBS Resumes Coverage on ONEOK Inc (OKE) to Buy; Delivering Dividends

UPDATE - UBS resumes coverage on ONEOK Inc (NYSE: OKE) with Buy (from Neutral), price target raised from $55 to $94.

Analyst, Christopher P. Sighinolfi, said, "We are resuming coverage of ONEOK Corp. (OKE) with a Buy rating and $94 price target. OKE operates in three midstream segments: 1) ONEOK Partners, LP via its GP and LP interests; 2) Natural Gas Distribution; and, 3) Energy Services. OKE’s asset profile is concentrated in the Midcontinent region and reflects both a history of strategic acquisitions and successful organic growth initiatives." (Raises FY13 EPS estimate from $3.53 to $3.92.

For an analyst ratings summary and ratings history on ONEOK Inc click here. For more ratings news on ONEOK Inc click here.

Shares of ONEOK Inc closed at $80.94 yesterday.

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