ONEOK, Inc. (NYSE:OKE) has witnessed considerable activity recently, with enterprises such as
Corient Private Wealth LLC and
Intech Investment Management LLC augmenting their stake in the company. However,
Envestnet Portfolio Solutions Inc. and
Bard Financial Services Inc. trimmed their holdings.
Director Wayne Smith also acquired company shares. Despite some revenue and earnings misses, the firm announced a
quarterly dividend increase and a
share repurchase program. Its shares recently reached a new 1-year high of $83.09.
ONEOK continues to ride on its high fee-based earnings & investments. The business has been outpacing both its
Oils-Energy and
Utilities peers this year. However, the company's shares have seen more steep dips than the broader market.
ONEOK completed the acquisition of the
Magellan Midstream Partners and plans to buy a
Gulf Coast Liquids Pipeline System in a $280M deal. Despite some setbacks, the company's future prospects look favorable, with the potential to offer investors stable yield.
Oneok OKE News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Sun, 26 May 2024 15:12:29 GMT -
Rating 2
- Innovation -1
- Information 8
- Rumor -2
