ONEOK INC /NEW/
No SEC Form 4 filings for $OKE in the last 30 days.
Jim Cramer expressed his disinterest in AT&T stock due to concerns about growth and increasing competition in rural areas from Starlink and Amazon's Leo. He advised investors seeking growth and income to consider master limited partnerships like Enterprise Products or ONEOK instead of AT&T. Cramer highlighted that while AT&T offers income, its growth potential is lacking.
Freedom Broker downgraded ONEOK, Inc. (OKE) from Buy to Hold, despite increasing its price target to $102 from $100. The downgrade is attributed to valuation concerns following a mixed Q1 report. Analysts also cited less certainty in the outlook due to commodity price volatility and potential narrowing of spread within the energy sector, even as ONEOK reported strong Q1 results.
ONEOK Inc. has integrated the Magellan Midstream Partners acquisition, reshaping the US midstream energy market. The company's latest quarterly results and guidance reflect the ongoing merger digestion, focusing on maintaining its dividend and funding a larger capital program through fee-based models. ONEOK's expanded portfolio now includes natural gas, NGL, refined products, and crude oil pipelines, aiming for stable cash flows despite volatile energy markets.
