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ONEOK Inc. strengthens financial position with billion-dollar pipeline sale

January 02, 2025
ONEOK Inc., a leading energy midstream company, has recently announced the successful sale of three pipeline systems to DT Midstream for a staggering 1.2 billion dollars. This strategic move aims to strengthen ONEOK's financial position and unlock new growth opportunities.

With a high institutional ownership, as evident from its performance on the NYSE, ONEOK Inc.'s stock continues to impress, showing a 4.6% increase over the past week. This remarkable growth further highlights the confidence and trust that investors have in the company.

The sale of the pipeline systems signifies ONEOK's commitment to optimizing its portfolio and divesting non-core assets. By focusing on its core operations, the company aims to enhance its efficiency and profitability. This strategic sale is expected to provide a significant boost to ONEOK's financial health and future growth prospects.

As an intelligent investment decision, it is recommended to consult professionals from Stocks Prognosis to get insights into the forecasted movement of ONEOK Inc.'s stock. Their expertise and analysis can assist investors in making informed decisions regarding their investment in this prominent energy midstream company.

Investors can take advantage of ONEOK Inc.'s strengthened position and positive market sentiment by diving deeper into the potential opportunities it offers. With its forward-looking approach, ONEOK Inc. continues to pave the way for a successful future in the energy sector.
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OKEJuly 19, 2025ONEOK Inc. OKE Registers a Bigger Fall Than the Market: Important Facts to Note  ~1 min.

Despite a larger decline than the overall market, ONEOK Inc. remains a strong investment option due to its consistent quarterly dividends and recent stock purchases by Xponance Inc. ELCO Management Co....

OKEJune 29, 2025Oneok Inc. OKE Outperforms Broader Market: What You Need to Know  ~1 min.

Oneok Inc. (NYSE:OKE) has been exceeding expectations in the market recently, showing strong performance compared to the broader market....

OKEApril 4, 2025QuantWave Achieves 19.66% Profit Target Forecast Success for ONEOK, INC.  ~1 min.

On March 20, 2025, QuantWave, the automated forecasting platform, successfully predicted a short direction for the stock of ONEOK, INC. with a price target of $79.85....

OKEApril 4, 2025ONEOK, INC. Hits Price Target Forecast with 16.15% Profit Margin  ~1 min.

QuantWave's forecast for ONEOK, INC. proved accurate as the stock reached the predicted short target on April 4, 2025. The forecast signal date of March 14, 2025, saw the stock priced at 95.23 $....

OKEApril 4, 2025ONEOK, INC. Hits Price Target Forecast with 18.6% Profit: QuantWave Analysis  ~1 min.

ONEOK, INC. (NYSE: OKE) recently achieved a significant price target forecast, yielding a profit of 18.6% for investors who followed QuantWave's automated prediction....

OKEApril 4, 2025Profit Alert: ONEOK, INC. Hits Price Target Forecast with 17.5% Gain  ~1 min.

ONEOK, INC. has successfully reached the price target forecast set by QuantWave on April 4, 2025. The forecast, which indicated a short position with a target price of 79....

OKEMarch 22, 2025Oneok Inc. Reports Strong Third Quarter Performance Despite Market Downturn  ~2 min.

Oneok Inc., a leading energy company, has announced impressive financial results for the third quarter of 2021, defying the market downtick that has affected many other companies....

OKEMarch 21, 2025Growth in ONEOK Inc. as Multiple Companies Acquire Shares  ~1 min.

Great Lakes Advisors LLC recently purchased 3,924 shares of ONEOK Inc., further strengthening its position in the company. This move indicates growing confidence in ONEOK's future prospects....

OKEMarch 20, 2025Oneok Inc. Defies Market Dip, Gains Momentum as Projections Remain Positive  ~2 min.

Despite a slight dip in the overall market, Oneok Inc. (OKE) managed to gain traction and show promising growth today....

OKEMarch 19, 2025Why the Market Dipped But Oneok Inc. OKE Gained Today  ~1 min.

Despite the recent market dip, Oneok Inc. (OKE) managed to gain today, thanks to its strong financial performance and strategic initiatives....

OKEJanuary 1, 2025ONEOK Inc. Strengthens Financial Position with Sale of Pipeline Systems  ~1 min.

ONEOK Inc. (NYSE:OKE), a leading energy company, has recently announced the sale of three of its pipeline systems to DT Midstream for a whopping $1.2 billion....

OKEJanuary 2, 2025ONEOK Inc. Sells Three Pipeline Systems to DT Midstream, Boosts Financial Position  ~2 min.

ONEOK Inc., a prominent energy company, has announced the sale of three pipeline systems to DT Midstream for a staggering $1.2 billion....

OKEJanuary 2, 2025ONEOK Inc. Strengthens Financial Position with Sale of Three Pipeline Systems  ~2 min.

ONEOK Inc., a leading natural gas pipeline company, has announced the successful sale of three pipeline systems to DT Midstream for a total of $1.2 billion....

PEPNovember 22, 2024PepsiCo Inc. Acquires Full Ownership of Sabra and Obela  ~1 min.

PepsiCo Inc., a leading food and beverage company, has announced its acquisition of full ownership of Sabra and Obela....

PSXJanuary 10, 2025Phillips 66 PSX Announces 2.2 Billion Acquisition of EPIC Y-Grade Holdings  ~1 min.

Phillips 66, a leading energy manufacturing and logistics company, has recently revealed its plans to acquire EPIC Y-Grade Holdings for a staggering $2.2 billion....