ONEOK's net leverage ratio was described as lower than most peer companies after the second quarter. Third-party reporting nevertheless identified rising debt as a consideration alongside the company's infrastructure expansion and equity financing plans. The lower relative leverage supports additional growth investment and reduces near-term balance-sheet risk compared with peers.
Key facts
Institutional investors collectively own 69.13% of the company source
PensionDanmark increased its stake by 11.5% in Q2 and now holds 124,460 shares valued at $10.8 million source
NewEdge Advisors increased its stake by 19.2% in Q1 to 202,714 shares valued at $18.3 million source