On Monday, ONEOK, Inc. (NYSE:OKE)’s shares inclined 4.20% to $41.20.
ONEOK, Inc. (OKE) declared that its Oklahoma Natural Gas division filed a request with the Oklahoma Corporation Commission (OCC) for an enhance in base rates, reflecting system investments and operating costs necessary to maintain the safety and reliability of its natural gas distribution system.
Oklahoma Natural Gas is the state’s largest natural gas utility, serving more than 850,000 customers across three-quarters of the state of Oklahoma.
Oklahoma Natural Gas’ request, if approved, represents an enhance of $50.4 million in base rates and would result in a typical residential customer paying $4.98 per month more for the utility’s natural gas delivery service.
ONEOK, Inc. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.
HCP, Inc. (NYSE:HCP)’s shares gained 0.40% to $37.94.
HCP (HCP) will report its second quarter 2015 financial results on Tuesday, August 4, 2015, before the open of trading on the New York Stock Exchange. HCP will also host a conference call and webcast at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) that same day in order to review its financial performance and operating results for the quarter ended June 30, 2015.
HCP, Inc. is an independent hybrid real estate investment trust. The fund invests in real estate markets of the United States. It primarily invests in properties serving the healthcare industry counting sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing.
At the end of Monday’s trade, Allergan PLC (NYSE:AGN)‘s shares surged 1.99% to $318.35.
American Capital Agency Corp. (AGNC) declared that its Board of Directors has declared a cash dividend on its 8.000% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) (AGNCP) of $0.50 per share for the second quarter 2015. The dividend is payable on July 15, 2015 to preferred shareholders of record as of July 1, 2015, with an ex-dividend date of June 29, 2015.
In addition, AGNC’s Board of Directors has declared a cash dividend on its 7.750% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”) underlying its outstanding depositary shares (AGNCB), equivalent to $0.484375 per depositary share for the second quarter 2015. Each depositary share represents a 1/1,000th interest in a share of the Series B Preferred Stock. The dividend is payable on July 15, 2015 to preferred shareholders of record as of July 1, 2015, with an ex-dividend date of June 29, 2015.
American Capital Agency Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency. It funds its investments primarily through short-term borrowings structured as repurchase agreements.
BB&T Corporation (NYSE:BBT), ended its Monday’s trading session with 0.96% gain, and closed at $41.09.
BB&T (BBT) declared it has accomplished its acquisition of The Bank of Kentucky Financial Corporation. Systems were converted during the weekend and branches in northern Kentucky and Cincinnati opened recently under the BB&T name.
The acquisition, which was declared in September 2014, comprises 32 retail branches in northern Kentucky and Cincinnati. The merger comprises $1.6 billion in deposits, $1.3 billion in loans and total assets of $1.9 billion based on March 31, 2015, balances. BB&T received the required regulatory approvals for the acquisition earlier this year.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services. The company’s deposit products comprise noninterest-bearing checking accounts, interest-bearing checking accounts, savings accounts, money market deposit accounts, certificates of deposit, and individual retirement accounts.
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