ONEOK, Inc., a prominent company in the bio-tech market, has been particularly active in the recent period. Various holdings and investment management firms have been buying and selling the company's shares. Significant activity was seen from firms such as
Brighton Jones LLC,
Simon Quick Advisors LLC, and
AEGON ASSET MANAGEMENT UK Plc. A 4% dividend increment was announced by ONEOK along with an acceleration of its
$2B share buyback, involving a repurchase of
$172M. The company has also filed a
Form 8-K with the SEC. While its stock showed slight negative fluctuations, it outperformed some of its competitors. ONEOK also strengthened its financial position and executive leadership, selling interstate pipelines for $1.2B, and announcing the appointments of
Randy Lentz and
Sheridan Swords in leading roles. Moreover, an agreement was made to acquire the remaining publicly-held common units of EnLink Midstream in a tax-free transaction. Anticipation builds around the company's Q4 2024 earnings report, and a further agreement has been reached to sell its interstate gas pipeline systems to
DT Midstream for
$1.2B.
Oneok OKE News Analytics from Tue, 06 Aug 2024 07:00:00 GMT to Sat, 25 Jan 2025 14:00:32 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -4
