ONEOK (OKE) has witnessed several financial maneuvers, as noted by stake acquisitions and sell-offs by multiple wealth management firms. For instance, Accel Wealth Management has expanded its stake in ONEOK, while the State of Alaska Department of Revenue sold off some of its shares. Norden Group LLC and Chapin Davis Inc. have also increased their positions, purchasing more ONEOK shares. The firm has also made notable acquisitions, such as the Easton's NGL Pipeline System and key Gulf Coast NGL Pipelines for $280 million. Meanwhile, strategic moves include a quarterly dividend increase and a shareholder returns program. Favorable analyst ratings could boost stock performance, and the company’s ongoing growth and new investments serve as promising indicators for future financial health, despite missing estimated earnings and revenues in Q1 of 2024. The merger with Magellan Midstream Partners, approved and completed recently, has likely bolstered its competitive standing. Additionally, an institutional ownership of 70% signals a strong market sentiment towards ONEOK.
Oneok OKE News Analytics from Thu, 21 Sep 2023 07:00:00 GMT to Sun, 07 Jul 2024 12:43:35 GMT -
Rating 5
- Innovation 1
- Information 5
- Rumor 2
