Sageworth Trust Co and several other asset management firms reported considerable stock holdings in
ONEOK, Inc. The completion of
ONEOK's strategic
EnLink Midstream Acquisition was announced, which led to a market decline despite general improvements.
ONEOK's collaboration with
MPLX to increase NGL export capacity through a joint venture and pipeline forms part of their strategic $1.4B Gulf Coast Expansion. Shares of
ONEOK were purchased by
Sumitomo Mitsui Trust Group Inc and several others, while some companies reduced their stake in the company.
US Capital Advisors upgraded
ONEOK to a 'Strong-Buy'.
ONEOK unveiled a leadership change and financial reorganization. The company's upcoming dividend was reported to be larger than the previous year's, coupled with a dividend increase of 4% and an accelerated $2B share buyback.
ONEOK also closed a sale of three pipeline systems to
DT Midstream for $1.2 billion, strengthening its financial position. Other announcements include approval of the acquisition of
EnLink Midstream, new executive appointments, increased third quarter 2024 earnings, and elevated financial guidance for 2024.
Oneok OKE News Analytics from Wed, 16 Oct 2024 07:00:00 GMT to Sat, 08 Feb 2025 10:57:40 GMT -
Rating 8
- Innovation 0
- Information 8
- Rumor -8
