ONEOK: 7% Yield, Guidance Up, 15%-20% Growth In 2021, No K-1
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We started covering ONEOK (OKE) back in late October 2020. It was still down in the high $20s. Since then, it has had a great run, delivering a total return of 94.42%, including its quarterly distributions:
OKE has outperformed the S&P by a wide margin so far in 2021, riding the coattails of the resurgent Energy Sector, which is up 46%. OKE has outperformed the Alerian Midstream ETF in 2021 and over the past year, but has lagged AMLP over the past quarter…
