ONEOK, Inc. (OKE) demonstrated a series of financial and market reports presented positive forecasts for the company. The company's stock holdings were uplifted by Victory Capital Management Inc. and Natixis Advisors L.P. purchased 40,928 shares. The OKE stock outpaced Oil-Energy peers this year while having seen a higher fourth quarter and an overall increment in 2023 annual earnings. Despite experiencing losses in the past weeks, a market trend reversal is anticipated. ONEOK declared its quarterly dividends and is set to reward shareholders with a 3.7% dividend hike. Moreover,
OKE's Q1 2024 earnings exhibited growth potential, though the company's revenues fell shy of the estimates.
Acquisition of Magellan Midstream Partners has reportedly been completed by the company. Despite occasional market dips, OKE stock gains were reported, attracting the attention of institutional investors. Savant Capital LLC holds a $422,000 stake in ONEOK. Retirement Systems of Alabama, Truist Financial Corp, and Swiss National Bank sold significant OKE shares. Director Wayne Smith acquired OKE shares, while others foresee growth stock potential for the company. The intrinsic value of the OKE stock was calculated to be higher than its current price. ONEOK scheduled its 2024 annual shareholders meeting, received approval for its merger, and is expected to beat earnings estimates. The company plans to participate in the J.P. Morgan Utilities & Midstream Forum and will be releasing its Q1 earnings soon. OKE's financial reports for 2024 are presumed to be promising.
Oneok OKE News Analytics from Tue, 25 Jul 2023 07:00:00 GMT to Wed, 08 May 2024 10:22:31 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -1