Wed Sep 25 10:02:47 UTC 2024: ## Bank of Montreal Can Cuts Stake in ONEOK, Inc.
**NEW YORK, NY – October 26, 2023** – Bank of Montreal Can has reduced its holdings in ONEOK, Inc. (NYSE: OKE), a leading utility provider, by 2.6% in the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC).
The firm sold 21,803 shares of ONEOK during the quarter, bringing its total ownership to 823,323 shares. This move comes as part of the bank’s investment portfolio adjustments.
While the specific reasons for the reduction remain undisclosed, the move suggests a potential shift in investment strategy for Bank of Montreal Can. The bank’s overall holdings in ONEOK still represent a significant stake in the company, and the reduction is relatively small.
Analysts continue to monitor the situation closely, seeking further insight into the bank’s investment decisions and their potential implications for ONEOK’s future.
First Piper 