ONEOK (OKE) has demonstrated strong performance over the past few years, providing shareholders with significant returns. The company's
fee-based earnings, primarily from its
midstream assets, are key contributors to this success. However, the company wasn’t immune to selling interests, with both
Calamos Advisors LLC and
Apollon Wealth Management LLC shedding shares. Notwithstanding, more shares were acquired by institutions like
Envestnet Portfolio Solutions Inc. and
Blue Trust Inc. Jim Cramer hailed OKE as both
terrific and
sensational, a sentiment seemingly shared by
Seaport Res Ptn as they forecast FY2024 earnings per share to reach $5.09.
Royal Bank of Canada also lifted their price target for ONEOK to $89.00. ONEOK's strategic initiatives, such as the acquisition of
Easton's NGL pipeline system for $280M, signal growth. Simultaneously, they have maintained financial stability, evidenced by their consistent dividend payout. While there are some speculated issues, positive performances shine through. Lastly,
institutional ownership of OKE is remarkable with 70% concentration highlighting its strong standing among heavy-weight investors.
Oneok OKE News Analytics from Thu, 18 Jan 2024 08:00:00 GMT to Mon, 26 Aug 2024 00:10:52 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor 8
