The American midstream service provider ONEOK Inc. (NYSE:OKE) has seen various shifts in its stock price, ranging from minor dips to modest rises. The company outperformed competitors despite occasional daily losses. Major holders, including Westwood Holdings Group Inc. and CIBC World Markets Corp., raised their stock positions, while others trimmed theirs.
Interestingly, institutional owners show great favor towards ONEOK, holding about 70% of the company. Strong expectations surround ONEOK's earnings, predictions are for growth. Earning call transcripts for Q1 2024 and Q4 2023 are available.
For the shareholders, ONEOK's dividend policies have been attractive, as it declared a 3.7% dividend hike. An adrenaline rush for dividend investors, as the yield is 4.9%. Moreover, the company's fee-based earning and midstream assets have shown positive impacts in rides.
ONEOK's latest acquisition is the Magellan Midstream Partners which increases their stake in mid-stream assets. Intrinsic value estimates suggest ONEOK shares could be undervalued by 21%.
Oneok OKE News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Sun, 09 Jun 2024 17:09:25 GMT - Rating 5 - Innovation 2 - Information 8 - Rumor -4
