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  • Jul. 25, 2013, 2:58 PM
    ONEOK (OKE +22.4%) is soaring in reaction to plans to spin off its natural gas distribution business into a stand-alone publicly traded company. Morgan Stanley sees still more upside ahead, upgrading shares to Overweight with a $64 price target; it believes OKE will pay a materially higher dividend with growth potential of 20% through 2015.
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  • Jul. 25, 2013, 9:15 AM
    Premarket gainers: FB +31%. BIDU +18%. TQNT +14%. TRIP +14%. LOGI +13%. OKE +10%. MEET +9%. CDTI +9%. BSX +9%. IMAX +8%. SPR +7%. FFIV +7%. UA +7%. YNDX +6%. ZNGA +6%. RENN +5%.
    Losers: SQNM -36%. CROX -24%. PHM -7%. SI -7%. WDC -5%.
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  • Jul. 25, 2013, 8:46 AM
    ONEOK (OKE) plans to spin off its natural-gas distribution business into a standalone publicly traded company called ONE Gas, which will be headquartered in Tulsa, Oklahoma, and consist of Oklahoma Natural Gas Company, Kansas Gas Service and Texas Gas Service. Shareholders will receive an as yet unspecified number of shares in ONE Gas in a transaction that is expected to be tax-free. The new company will trade on the NYSE under the OGS ticker symbol. Shares +7.4%. (PR)
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  • Feb. 26, 2013, 12:21 PM
    ONEOK Partners (OKS -4.4%) drops sharply after Credit Suisse downgrades OKS to Neutral and cut its target price to $58 from $67. OKS will have $4B-plus of fee-based projects placed in service over the next three years, but CS says it is a victim of weak natural gas liquids prices and collapsing spreads, undercutting prospects. Distribution growth/unit was cut by 850bp, to 2.8%, for 2013.
  • Feb. 27, 2012, 5:45 PM
    Oneok Partners (OKS), which made a new closing high today, falls 3.6% AH after announcing public and private stock offerings of 7M shares apiece, good for proceeds of $856.8M based on today's close. Oneok (OKE), which currently owns 42.8% of OKS, will be the sole buyer for the private offering. Oneok Partners says it will partly use the offering proceeds to pay down debt.
  • Feb. 15, 2012, 6:15 PM
    ONEOK (OKE) rises 0.7% AH after announcing a 2-for-1 stock split, effective June 1. The natural gas firm's shares closed today at $80.45.
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  • Nov. 15, 2011, 2:07 PM
    ONEOK (OKE +1.4%) trades higher on a Morgan Stanley upgrade to Overweight, citing the company's volume growth from its Bakken and Mid-Continent reserves, plus its effort to redisribute capital to shareholders.
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  • Oct. 7, 2011, 3:41 PM
    Oneok (OKE +1.6%) gains after Citigroup upgrades the shares to buy. Citi says the company is well positioned for midstream growth in its North American operations, and considers it "high growth/high yield hybrid."
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Company Description
ONEOK Inc is a diversified energy company. Its business segments includes ONEOK Partners; Natural Gas Distribution; and Energy Services.
Sector: Utilities
Industry: Gas Utilities
Country: United States