ONEOK Inc. has experienced notable market activity spotlighted by several investment firms adjusting their positions. ONEOK's shares have been bought by institutions such as Asset Management One Co. Ltd., and Tectonic Advisors LLC, while others like New York State Common Retirement Fund, M&G Plc, Cwm LLC, and LexAurum Advisors LLC offloaded stakes. The company has outperformed competitors on a robust trading day, with its stock reaching a new 52-week high following an analyst upgrade. Key acquisitions like Medallion Midstream and EnLink Midstream have fortified its position in the market. Its Q3 2024 demonstrated
record volumes and strategic acquisitions. However, despite increased financial guidance, ONEOK fell short of analyst revenue estimates and Q3 earnings expectations. Yet, analysts anticipate strong price appreciation, with
Bank of America initiating a buy rating while Barclays and Wells Fargo express bullish sentiments. Benefits from its pipeline and
fee-based earnings were reported alongside declaration of consistent quarterly dividends, signalling a promising yield. Despite some challenges, ONEOK’s underlying strength is undeniable and seems to be propelling its overvaluation.
Oneok OKE News Analytics from Thu, 11 Jul 2024 07:00:00 GMT to Sat, 09 Nov 2024 14:32:24 GMT -
Rating 5
- Innovation 4
- Information 7
- Rumor -5
