The Latest Breaking News from OKE

Despite ONEOK’s outperformance relative to its industry peers, Wall Street analysts remain cautiously optimistic about the stock’s prospects.

ONEOK has outperformed the broader market over the past year, yet Wall Street analysts remain cautiously optimistic about the stock’s prospects.

March S&P 500 E-Mini futures (ESH24) are down -0.05%, and March Nasdaq 100 E-Mini futures (NQH24) are up +0.01% this morning as market participants looked ahead to remarks from a host of Federal Reserve officials and the release of the Fed’s favorite inflation gauge later in the week.

Thanks to its defensive nature, the utility industry will likely perform well in an increasingly uncertain macroeconomic environment. Moreover, high investment, technological advancements, and the transition to renewable sources to generate power is expected to drive its growth. To that end, it could be wise to buy fundamentally strong utility…

Oneok stock sold off sharply over concerns about diluting shareholders and diversifying into the oil side of the oil & gas business. Time to buy?

Volatility has gripped markets as fears of an imminent recession continue to dent investors’ confidence. Therefore, it could be wise to own fundamentally strong utility stocks ONEOK, Inc. (OKE), Brookfield Infrastructure Corporation (BIPC), and Genie Energy (GNE), which have gained momentum lately, to strengthen your portfolio. Read more….

ONEOK (NYSE:OKE) has outperformed the market over the past 20 years by 1.79% on an annualized basis producing an average annual return of 8.89%. Currently, ONEOK has a market capitalization of $24.72 billion.

ONEOK (NYSE:OKE) has outperformed the market over the past 20 years by 2.28% on an annualized basis producing an average annual return of 9.13%. Currently, ONEOK has a market capitalization of $26.41 billion.

ONEOK (NYSE:OKE) has outperformed the market over the past 20 years by 2.68% on an annualized basis producing an average annual return of 9.91%. Currently, ONEOK has a market capitalization of $29.90 billion.