Oneok INC New (OKE) Shareholder Salient Capital Advisors LLC Cut Its Holding as Shares Rose

July 14, 2018 - By Paula Hilliard

ONEOK, Inc. (NYSE:OKE) LogoInvestors sentiment increased to 1.35 in 2018 Q1. Its up 0.17, from 1.18 in 2017Q4. It improved, as 52 investors sold OKE shares while 174 reduced holdings. 82 funds opened positions while 223 raised stakes. 297.11 million shares or 9.86% more from 270.44 million shares in 2017Q4 were reported. Atlantic Ltd reported 1.33M shares or 0.33% of all its holdings. Carnegie Asset Mgmt Limited Liability Co holds 0.06% or 11,057 shares. Macquarie Group has 0.01% invested in ONEOK, Inc. (NYSE:OKE). Moreover, Fincl Bank Of America De has 0.01% invested in ONEOK, Inc. (NYSE:OKE). Harvest Fund Advisors Limited Liability Corporation stated it has 6.50 million shares or 4.3% of all its holdings. Intersect Cap Limited Co holds 5,288 shares. Geode Capital Limited Company holds 0.08% in ONEOK, Inc. (NYSE:OKE) or 4.41 million shares. Massmutual Fsb Adv owns 1,600 shares. Prudential Fincl stated it has 535,375 shares or 0.05% of all its holdings. Lifeplan Financial Gru Inc has invested 0.24% in ONEOK, Inc. (NYSE:OKE). Ny State Common Retirement Fund holds 0.06% or 888,300 shares in its portfolio. Delta Asset Ltd Liability Corp Tn holds 0% in ONEOK, Inc. (NYSE:OKE) or 300 shares. California-based Tarbox Family Office has invested 0% in ONEOK, Inc. (NYSE:OKE). Landscape Cap Mgmt Limited Liability Corporation holds 0.08% or 20,000 shares in its portfolio. Webster Comml Bank N A has invested 0.03% in ONEOK, Inc. (NYSE:OKE).

Salient Capital Advisors Llc decreased its stake in Oneok Inc New (OKE) by 6.54% based on its latest 2018Q1 regulatory filing with the SEC. Salient Capital Advisors Llc sold 342,352 shares as the company’s stock rose 14.65% while stock markets declined. The institutional investor held 4.89 million shares of the public utilities company at the end of 2018Q1, valued at $278.49M, down from 5.24M at the end of the previous reported quarter. Salient Capital Advisors Llc who had been investing in Oneok Inc New for a number of months, seems to be less bullish one the $29.35 billion market cap company. The stock increased 0.76% or $0.54 during the last trading session, reaching $71.4. About 2.75 million shares traded or 27.63% up from the average. ONEOK, Inc. (NYSE:OKE) has risen 27.55% since July 14, 2017 and is uptrending. It has outperformed by 14.98% the S&P500.

Salient Capital Advisors Llc, which manages about $5.02 billion and $4.05 billion US Long portfolio, upped its stake in Williams Partners LP New (ACMP) by 162,894 shares to 3.09 million shares, valued at $106.46M in 2018Q1, according to the filing. It also increased its holding in Mplx Lp (NYSE:MPLX) by 477,976 shares in the quarter, for a total of 4.64 million shares, and has risen its stake in Pembina Pipeline Corp (NYSE:PBA).

Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on August, 7. They expect $0.66 earnings per share, up 100.00 % or $0.33 from last year’s $0.33 per share. OKE’s profit will be $271.31 million for 27.05 P/E if the $0.66 EPS becomes a reality. After $0.64 actual earnings per share reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 3.13 % EPS growth.

ONEOK, Inc. (NYSE:OKE) Ratings Coverage

Among 11 analysts covering ONEOK (NYSE:OKE), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. ONEOK has $73 highest and $55.0 lowest target. $64.50’s average target is -9.66% below currents $71.4 stock price. ONEOK had 17 analyst reports since January 16, 2018 according to SRatingsIntel. On Thursday, May 3 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of ONEOK, Inc. (NYSE:OKE) has “Buy” rating given on Monday, February 12 by RBC Capital Markets. As per Thursday, March 8, the company rating was maintained by BMO Capital Markets. BMO Capital Markets maintained it with “Buy” rating and $64.0 target in Monday, January 15 report. The firm earned “Overweight” rating on Wednesday, July 11 by Barclays Capital. The stock has “Overweight” rating by Barclays Capital on Tuesday, June 12. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, February 28 report. JP Morgan maintained the stock with “Neutral” rating in Monday, February 12 report. The firm has “Overweight” rating given on Wednesday, January 17 by Barclays Capital. Mizuho maintained ONEOK, Inc. (NYSE:OKE) rating on Tuesday, January 23. Mizuho has “Hold” rating and $61.0 target.

ONEOK, Inc. (NYSE:OKE) Institutional Positions Chart

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