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OKE has yet to be featured as an InvestorGuide.com Stock of the Day. But read about these related stocks from the Utilities Sector:

The Shareholders are Favoring Exelon
Excerpt from the InvestorGuide.com Stock of the Day on 2/26/2009

It seems that shareholders of NRG Energy (NRG: Charts, News, Offers) are in favor of a merger with Exelon. Announced this morning, they were able to garner a majority of the common stock outstanding in a hostile bid for the New Jersey-based power generation company. The current offer followed two proposals that were rejected by NRG's management team. At that time, CEO David Crane said that the deal favored Exelon's shareholders. Given today's turn of events, it seems shareholders feel otherwise. Will this third attempt be the one that pays off, or will it be strike three for the company?

All things considered, it will probably result in a payoff, even though this deal is no different than the previous one that was rejected by NRG's management. It still offers a fixed 0.485 shares of Exelon for every one of NRG's, regardless of what happens to stock prices. This values the acquisition at $5.8 billion, down from $6.1 billion back in November when it was originally declined. The main difference here is that the Chicago-based power generation company took the offer straight to stockholders. As a result, they have tendered 125.4 million shares or 51 percent of common stock. Earlier in January when the first tender offer deadline was reached, this figure was only at 45.6 percent. While executives of both companies ended up meeting as a result of this figure, no agreement was made. Since then, the deadline was extended until February 25. However, Exelon has decided to prolong things further by extending the offer through June 26. They are also fighting to have the number of board members for NRG increased. Specifically, they are aiming for 19 individuals on the target company's board. They even publicly nominated 9 people to fulfill some of those positions. There are only 12 members serving right now. More >


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NRG Looking to Bag Calpine But Can It?
Excerpt from the InvestorGuide.com Stock of the Day on 5/22/2008

NRG Energy is taking the most direct route possible in order to double its production capacity - its looking to buy a major competitor. The New Jersey based company, which is one of the largest producers of electricity made an unsolicited bid last week for Calpine Corp., another major player in the space. The proposed transaction would see NRG offer 0.534 share in it for each Calpine share. It's an all-stock transaction which values Calpine at $9.56 billion and the combined company at $22 billion. The combined entity would become the largest independent power generator in the country. So the next question becomes is Calpine willing to play ball? More >

Dominion Getting Out of the Gas Business
Excerpt from the InvestorGuide.com Stock of the Day on 6/4/2007

In what appears to be a win-win-win situation, Dominion Resources announced deals this morning that will allow the company to shift focus to higher growth areas amongst their various branches. The Richmond, Virginia-based power and utility company has found buyers for its natural gas exploration and production divisions, which went on the market back in November. Two companies have agreed to purchase Dominion's assets in separate arrangements totaling $6.5 billion. Now that Loews Corp (LTR: Charts, News, Offers) and XTO Energy (XTO: Charts, News, Offers) are taking this portion of the business off of Dominion's hands, what plans are in store for future operations? More >

Big Tax Credits Boost Duke Energy
Excerpt from the InvestorGuide.com Stock of the Day on 12/1/2006

Charlotte-based Duke Energy received $258m in tax credits for the construction of two separate power plants Thursday. The company primarily provides services in the Carolinas, but has recently expanded to Midwestern states after the finalization of its Cinergy Corporation purchase earlier this year. Duke Energy also has interests in Latin America, as well as Canada through its Union Gas arm. It operates a variety of energy terminals, from nuclear power and coal-fired plants, to hydroelectric and natural gas turbines. What do tax credits mean for the company's future and what will the growing fuss over cleaner energy policies do to the energy industry? More >

ONEOK (OKE) Upgrades

Date
Analyst
Old Rating
New Rating
08/27/2008
Lehman Bros.
Equalweight
Overweight
08/05/2007
Citigroup
Hold
Buy
08/04/2007
Citigroup
Hold
Buy
08/03/2007
Citigroup
Hold
Buy
03/07/2007
Wachovia
Outperform
Market Perform
09/25/2006
UBS
Neutral
Reduce

ONEOK (OKE) Downgrades

Date
Analyst
Old Rating
New Rating
10/27/2009
Citi
Buy
Hold Price target
03/20/2007
Credit Suisse
Neutral
Outperform
11/06/2006
Citigroup
Hold
Buy
05/05/2006
Lehman Brothers
Equal Weight
Overweight

ONEOK (OKE) New Coverage

Date
Analyst
Rating
11/11/2009
Morgan Stanley
Underweight
06/27/2008
BMO
Market Perform
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