The bull market we are witnessing is fueled by AI. In particular, AI-related capex. Amid fears of circular accounting while a bubble is underway and ready to pop, we could consider stocks that are, so to speak, AI-resistant. By this, I don't mean that they are immuneI’m a long-term investor focused on U.S. and European equities, with a dual emphasis on undervalued growth stocks and high-quality dividend growers. Through years of experience, I’ve learned that sustained profitability—evident in strong margins ...

The bull market we are witnessing is fueled by AI. In particular, AI-related capex. Amid fears of circular accounting while a bubble is underway and ready to pop, we could consider stocks that are, so to speak, AI-resistant. By this, I don't mean that they are immuneI’m a long-term investor focused on U.S. and European equities, with a dual emphasis on undervalued growth stocks and high-quality dividend growers. Through years of experience, I’ve learned that sustained profitability—evident in strong margins ...

Core Viewpoint - ONEOK Inc. is considered one of the best infrastructure stocks to buy, with significant upside potential despite recent price target reductions by analysts [1][2]. Group 1: Analyst Ratings and Price Targets - Barclays analyst Theresa Chen lowered the price target for ONEOK to $78 from $83, maintaining an Equal Weight rating, indicating that the Q3 2025 financial report will be crucial for assessing the company's synergy targets and earnings growth capabilities [1]. - Earlier, BofA also reduced its price target for ONEOK to $100 from $109 while keeping a Buy rating, reflecting a broader update on price targets for Integrated, Refining, and Midstream stocks [2]. Group 2: Company Overview - ONEOK Inc. operates as a midstream service provider in the U.S., offering services such as gathering, processing, fractionation, transportation, storage, and marine export [3]. - The company is segmented into four main areas: Natural Gas Gathering & Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products & Crude [3].

Core Viewpoint - ONEOK, Inc. (NYSE:OKE) is identified as a strong investment opportunity despite current market challenges, with a maintained "Buy" rating from Morgan Stanley and a price target of $110.00, indicating a potential dislocation in valuation relative to fundamentals [1][2]. Group 1: Analyst Ratings and Market Sentiment - Morgan Stanley's analyst Robert Kad supports a "Buy" rating for ONEOK, citing its potential for healthy performance in the midstream sector despite negative oil macro risks [1]. - The positive investor sentiment is attributed to ONEOK's current valuation, cash flow resilience, and management's effective execution track record [2]. - The company's strategy of counter-cyclical share repurchases over accelerated deleveraging is viewed as a favorable approach [2]. Group 2: Performance and Market Challenges - ONEOK was noted as one of the largest detractors in ClearBridge Investments' Q2 2025 investor letter, primarily due to the OPEC+ decision to increase production, which negatively impacted oil price outlook [3]. - The company is recognized as one of the largest diversified energy infrastructure firms in the U.S., operating a vast network of natural gas liquids, natural gas, refined products, and crude oil assets [3].

Core Insights - ONEOK, Inc. is a midstream energy company with a market cap of approximately $42.9 billion, involved in various operations including gathering, processing, and transportation of natural gas and crude oil [1] Earnings Expectations - Analysts anticipate ONEOK to report an EPS of $1.48 for the upcoming third quarter, reflecting a 25.4% increase from $1.18 in the same quarter last year [2] - For the full fiscal year 2025, the expected EPS is $5.44, which is a 5.2% increase from $5.17 in fiscal 2024, and a further increase to $6.19 per share is projected for fiscal 2026, representing a 13.8% year-over-year growth [3] Stock Performance - ONEOK's stock has declined by 29.5% over the past 52 weeks, underperforming the S&P 500 Index, which gained 14.8%, and the Energy Select Sector SPDR Fund, which saw a 3.8% dip [4] Factors Influencing Stock Price - The recent weakness in ONEOK's share price is attributed to modest earnings growth, increased interest expenses, and a valuation reset following acquisitions, compounded by broader macroeconomic pressures [5] - The company's cash flows, while stable, are sensitive to changes in interest rates and energy prices, and its recovery may hinge on the successful integration of recent acquisitions and improved market sentiment [5] Analyst Ratings - The stock holds a consensus "Moderate Buy" rating, with 11 out of 19 analysts recommending a "Strong Buy," one a "Moderate Buy," and seven advising a "Hold." The mean price target is $93.44, indicating a 36.3% upside potential from current levels [6]

These companies have been very reliable dividend payers over the past couple of decades.A stable income stream is the cornerstone of a worry-free retirement. By receiving reliable payments, retirees can focus on enjoying life rather than stressing over expenses. The right investments are crucial in making this possible.Investing in high-quality dividend stocks can be a great source of reliable retirement income. Realty Income (O 1.12%) and Oneok (OKE 0.63%) have each demonstrated the durability of their div ...

Core Insights - Oneok Inc. (OKE) closed at $68.09, reflecting a +1.29% increase from the previous day, outperforming the S&P 500's gain of 0.53% [1] - The stock has experienced an 8.64% decline over the past month, underperforming the Oils-Energy sector's loss of 3% and the S&P 500's gain of 0.71% [1] Earnings Performance - Oneok Inc. is expected to report earnings of $1.48 per share on October 28, 2025, indicating a year-over-year growth of 25.42% [2] - The consensus revenue estimate for the upcoming earnings report is $9.42 billion, representing an 87.52% increase compared to the same quarter last year [2] - Full-year estimates project earnings of $5.46 per share and revenue of $35.86 billion, reflecting year-over-year changes of +5.61% and +65.28%, respectively [3] Analyst Estimates and Stock Performance - Recent changes in analyst estimates for Oneok Inc. are crucial for investors, as positive revisions often signal a favorable business outlook [3][4] - The Zacks Consensus EPS estimate has decreased by 0.36% over the past month, and Oneok Inc. currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Oneok Inc. has a Forward P/E ratio of 12.31, which is higher than the industry average of 11.22, indicating that the company is trading at a premium [6] - The company's PEG ratio stands at 1.64, compared to the industry average of 1.31, suggesting a higher valuation relative to projected earnings growth [7] Industry Ranking - The Oil and Gas - Production Pipeline - MLB industry, to which Oneok Inc. belongs, ranks in the bottom 32% of all industries, with a Zacks Industry Rank of 168 [7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - The article introduces ARC Resources (ARC:CA) and highlights its significance in the market, suggesting that it has been a topic of interest for readers over the past few months [1] Group 1 - ARC Resources is positioned as a notable company within its sector, indicating a potential investment opportunity for stakeholders [1]

Core Insights - ONEOK has recently completed acquisitions and is now being evaluated as an integrated company after two quarters of performance [1] Company Performance - The article discusses the performance of ONEOK as an integrated entity following its recent acquisitions, indicating a focus on how these changes have impacted its operations and financial results [1] Investment Perspective - The author emphasizes a value investing approach, suggesting that the company is expected to produce high returns over a 3-8 year horizon, particularly as value returns to other sectors [1]

Group 1: Investment Activity - Benson Investment Management Company, Inc. initiated a new position in ONEOK with an estimated transaction value of $5.4 million, representing 1.8% of the fund's $292.7 million in reportable U.S. equity holdings [2][3]. Group 2: Company Performance - ONEOK's shares were priced at $69.09, reflecting a one-year decline of 29%, significantly underperforming the S&P 500's 12% gain during the same period [3]. - The company reported a trailing twelve months (TTM) revenue of $28 billion and a net income of $3.1 billion, with a dividend yield of 6% [4]. - In the second quarter of 2025, ONEOK achieved a net income of $853 million, a 9% year-over-year increase, and a 22% rise in adjusted EBITDA to approximately $2 billion, driven by higher production volumes [10]. Group 3: Company Overview - ONEOK, Inc. is a leading midstream energy company with over 17,500 miles of gathering pipelines and significant storage facilities, focusing on natural gas and NGL infrastructure [6]. - The company provides natural gas gathering, processing, storage, and transportation services, leveraging extensive midstream infrastructure to serve various customers, including energy producers and industrial end users [9]. Group 4: Strategic Positioning - Benson's investment in ONEOK adds exposure to energy infrastructure within a portfolio primarily focused on technology and metals, indicating a diversification strategy [7][11].