Oneok (OKE) has been on a beneficial trajectory with a 3.5% growth since its last earnings report. The Q4 2023 earnings call revealed a rise, and there's anticipation for its Q2 earnings release. An overall positive picture was seen even though Stifel Financial Corp, the State of North Carolina, and Hsbc Holdings PLC increased their stake in OKE. The company also announced a restructuring of its contracts, which led to an increase in fee rates. Acquisitions were mentioned, and the dividend was hiked by 3.7%. Declines were reported in Q1 2024 earnings as well as Q1 revenues. However, shares saw more purchases by Director Wayne Smith, Corient Private Wealth LLC, and Orion Portfolio Solutions LLC. In more recent updates, investors were informed about curated growth in fee-based earnings & investments. The company's Q1 2024 earnings call happened recently, and they are about to go ex-dividend. On the downside, the stock did dip in the market, but not without gaining some shareholder attention. Directors bought shares worth US$2.00m, indicating their faith in the company's future. Lastly, OKE finished the acquisition of Magellan Midstream Partners.
Oneok OKE News Analytics from Mon, 25 Sep 2023 07:00:00 GMT to Sun, 02 Jun 2024 17:30:58 GMT -
Rating 7
- Innovation -3
- Information 8
- Rumor -4
