A new portfolio of stocks I started building September 8, at a one stock per week pace for the next year, is named Vista.  I will select its fourth stock this coming weekend. Vista is the sixth portfolio I've built (at a one dividend dog per-week pace) since 2014. Six portfolios = VI for Vista!

Vista is planned to Look Ahead for Outstanding, Proven, Dividend Winners. (Like Aristocrats)

Today we'll review the fifth of five energy sector stock candidates vying to be that fourth selection for the Vista portfolio.

My subject today is a large-cap gas midstream company named, ONEOK Inc. Its trading ticker symbol is OKE. This is my first ever report on ONEOK Inc for any of my six dogs of the week portfolios.  

ONEOK Inc provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. 

It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions.

It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; propane distributors; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution companies, electric generation facilities, industrial companies, municipalities, producers, processors, and marketing companies.

The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.

I use three key data points to gauge dividend equities or funds like ONEOK Inc:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether a company has made, is making, and will make money. 

OKE Price

ONEOK's price per share closed at $25.24 yesterday. A year ago its price was $71.63. Price fell $46.39 or just over 64.67% last year.

If ONEOK's stock trades in the range of $15 to $45 this next year, its recent $25.24 price might rise by $4.76 to reach $30.00 by October 2, 2021. 

OKE Dividends

ONEOK's most recently declared quarterly dividend was $.935 paid August 14th. It will total $3.74 annually and yield 14.82% at yesterday's $25.24 closing price.

OKE Gains?

Adding the $3.74 annual anticipated dividend to my $4.76 optimistic estimate of OKE's price upside shows an $8.20 potential gross gain, per share, to be reduced by any costs to trade the shares.  

If we put little over $1,000.00 today in ONEOK Inc at $25.24, we would buy 40 shares of OKE stock.

A $10 broker fee paid half at purchase and half at sale could cost us  $0.25 per share.

Subtract that $0.25 brokerage cost from my estimated $8.20 gross gain per share results in a net gain of $7.95 X 40 shares = $318.00 for a 31.8% net gain on a $1,009.60 investment.

So it goes that ONEOK Inc shows a possible 31.8% net gain including a 14.82% dividend yield. It could be more, it could be less. 

All of the estimates above are speculation based on the past history of ONEOK Inc. Only time and money invested in this stock will determine its worth.