Investment management companies have increased their holdings in
ONEOK, Inc. (OKE) amidst mixed market performance. Despite some shares falling by 4.97% in September and others declining more steeply than the broader market, OKE shares have risen higher than the market on several occasions and have even advanced while the market declined.
Financial results for Q3 2024 and a call and webcast are scheduled. OKE announced a $7.0 billion notes offering and expansion plans, including a pipeline to connect Denver and
acquisitions, such as Easton's NGL Pipeline System and stakes in EnLink and Medallion. OKE has experienced decent returns in the past three years and is favored by institutional owners who hold 70% of the company. Nonetheless, some concerns about its promising earnings exist. Despite missing Q1 earnings and revenue estimates and potential risks in processing margins, OKE has strong prospects, with a raised stock rating by Morgan Stanley, a dividend yield of 4.9%, and new corporate sustainability report. OKE's stock outperformed competitors on a strong trading day. Looking forward, OKE announces
Q2 2024 results next week amidst high market expectations.
Oneok OKE News Analytics from Wed, 21 Feb 2024 08:00:00 GMT to Sun, 29 Sep 2024 10:59:49 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor 2
