ONEOK (NYSE:OKE), an energy company with significant activity in the stock market, has been a focal point for Institutional and investor interests. OKE has been stepping up its financial game by significant moves such as increasing their quarterly dividends by 4% with the acceleration of their $2B share buyback and repurchasing $172M. Recently, one of their more prominent actions includes acquiring all publicly held common units in EnLink Midstream, finalizing a massive strategic merger with EnLink's Permian assets and is said to strengthen ONEOK's position in the midstream market. More strategic moves include the sale of three pipeline systems worth $1.2 billion to DT Midstream. On another note, the company's performance on a larger scale showed an above-average earning in Q3 2024 and has hence increased its financial guidance for 2024. These string of beneficial actions and changes have seemingly established ONEOK as a strong market player, which analysts have improved its rating to outperform.
Oneok OKE News Analytics from Mon, 14 Oct 2024 07:00:00 GMT to Sat, 22 Feb 2025 21:06:00 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor 3
