ONEOK, Inc. (OKE) has displayed signs of strong growth and stability, even though its valuation appears overstretched. The company announced higher first-quarter 2025 earnings and affirmed its 2025 financial guidance. However, it missed Q1 estimates, triggering adjustments to its stock price target from banks like Citi and Wells Fargo. Multiple asset management entities, including OMERS ADMINISTRATION Corp, Mufg Securities Americas Inc., Jefferies Financial Group, and Ethic Inc., boosted their positions in ONEOK, but some firms like Ameriprise Financial and Cresset Asset Management chose to sell their shares. The company declared quarterly dividends and made a notable acquisition - Medallion Midstream. Q4 outlook revealed key metrics that matched Wall Street estimates. Even though they faced a 12% share price drop in April due to tariffs, the company's stock rose by 6.9% since the last earnings report. Strategic growth and strong performance are boosting the company and its dividend stock is considered socially responsible. Meanwhile, there are concerns about the company's CEO pay packet and selling pressures persist.
Oneok OKE News Analytics from Tue, 10 Sep 2024 07:00:00 GMT to Sat, 17 May 2025 11:20:00 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor -2
