Do Institutional Investors Hate Oneok Inc (NYSE:OKE)?

October 11, 2018 - By Mark Babin

ONEOK, Inc. (NYSE:OKE) Logo

Sentiment for Oneok Inc (NYSE:OKE)

Oneok Inc (NYSE:OKE) institutional sentiment decreased to 1.33 in Q2 2018. Its down -0.02, from 1.35 in 2018Q1. The ratio worsened, as 311 institutional investors increased or opened new stock positions, while 234 decreased and sold stock positions in Oneok Inc. The institutional investors in our partner’s database reported: 293.95 million shares, down from 297.11 million shares in 2018Q1. Also, the number of institutional investors holding Oneok Inc in their top 10 stock positions increased from 18 to 27 for an increase of 9. Sold All: 32 Reduced: 202 Increased: 218 New Position: 93.

ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company has market cap of $27.07 billion. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines divisions. It has a 33.97 P/E ratio. It owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

The stock decreased 2.21% or $1.4845 during the last trading session, reaching $65.8255. About 1.07M shares traded. ONEOK, Inc. (NYSE:OKE) has risen 16.08% since October 11, 2017 and is uptrending. It has outperformed by 0.46% the S&P500.

Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on October, 30. They expect $0.68 EPS, up 58.14 % or $0.25 from last year’s $0.43 per share. OKE’s profit will be $279.65M for 24.20 P/E if the $0.68 EPS becomes a reality. After $0.68 actual EPS reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Kayne Anderson Capital Advisors Lp holds 9.21% of its portfolio in ONEOK, Inc. for 10.13 million shares. Walnut Private Equity Partners Llc owns 153,745 shares or 8.26% of their US portfolio. Moreover, C.V. Starr & Co. Inc. Trust has 7.75% invested in the company for 248,220 shares. The Kansas-based Tortoise Capital Advisors L.L.C. has invested 6.21% in the stock. Sasco Capital Inc Ct, a Connecticut-based fund reported 1.94 million shares.

ONEOK, Inc. (NYSE:OKE) Ratings Coverage

Ratings analysis reveals 22% of ONEOK’s analysts are positive. Out of 9 Wall Street analysts rating ONEOK, 2 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $60 while the high is $75. The stock’s average target of $68.13 is 3.50% above today’s ($65.8255) share price. OKE was included in 11 notes of analysts from April 17, 2018. The rating was maintained by Barclays Capital on Tuesday, April 17 with “Overweight”. On Tuesday, June 12 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was downgraded by Jefferies to “Hold” on Wednesday, July 18. Barclays Capital maintained the shares of OKE in report on Wednesday, July 11 with “Overweight” rating. The firm has “Outperform” rating by Wells Fargo given on Thursday, September 13. Stifel Nicolaus maintained ONEOK, Inc. (NYSE:OKE) on Thursday, May 3 with “Hold” rating. Bank of America maintained ONEOK, Inc. (NYSE:OKE) rating on Thursday, August 2. Bank of America has “Neutral” rating and $71 target. On Friday, July 27 the stock rating was maintained by JP Morgan with “Neutral”.

More important recent ONEOK, Inc. (NYSE:OKE) news were published by: Fool.com which released: “Yet Another MLP Is Disappearing (but That’s Excellent News for Dividend Investors)” on October 09, 2018, also Globenewswire.com published article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Ironwood Pharmaceuticals, Erie Indemnity, ONEOK …”, Seekingalpha.com published: “Update From Zombieland” on October 01, 2018. More interesting news about ONEOK, Inc. (NYSE:OKE) was released by: Streetinsider.com and their article: “Goldman Sachs Starts ONEOK Inc (OKE) at Neutral” with publication date: October 09, 2018.

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

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