Oneok Inc (NYSE:OKE) Sentiment Report

October 11, 2018 - By Margaret Guttierez


Sentiment for Oneok Inc (NYSE:OKE)

Oneok Inc (NYSE:OKE) institutional sentiment decreased to 1.33 in 2018 Q2. Its down -0.02, from 1.35 in 2018Q1. The ratio has worsened, as 311 active investment managers opened new or increased positions, while 234 reduced and sold holdings in Oneok Inc. The active investment managers in our partner’s database reported: 293.95 million shares, down from 297.11 million shares in 2018Q1. Also, the number of active investment managers holding Oneok Inc in their top 10 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 $27.04 billion. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines divisions. It has a 33.93 P/E ratio. It owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

The stock decreased 2.32% or $1.56 during the last trading session, reaching $65.75. About 1.07 million 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 earnings per share, up 58.14 % or $0.25 from last year’s $0.43 per share. OKE’s profit will be $279.65M for 24.17 P/E if the $0.68 EPS becomes a reality. After $0.68 actual earnings per share 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 3.62% above today’s ($65.75) share price. OKE was included in 11 notes of analysts from April 17, 2018. The firm has “Outperform” rating given on Thursday, September 13 by Wells Fargo. The stock of ONEOK, Inc. (NYSE:OKE) earned “Overweight” rating by Barclays Capital on Wednesday, July 11. The firm has “Overweight” rating given on Tuesday, April 17 by Barclays Capital. The stock of ONEOK, Inc. (NYSE:OKE) has “Hold” rating given on Wednesday, July 18 by Jefferies. The firm earned “Overweight” rating on Tuesday, June 12 by Barclays Capital. Bank of America maintained ONEOK, Inc. (NYSE:OKE) rating on Thursday, August 2. Bank of America has “Neutral” rating and $71 target. The firm has “Neutral” rating given on Friday, July 27 by JP Morgan. Stifel Nicolaus maintained it with “Hold” rating and $62 target in Thursday, May 3 report.

More important recent ONEOK, Inc. (NYSE:OKE) news were published by: which released: “Update From Zombieland” on October 01, 2018, also published article titled: “Goldman Sachs Starts ONEOK Inc (OKE) at Neutral”, published: “Factors of Influence in 2018, Key Indicators and Opportunity within Ironwood Pharmaceuticals, Erie Indemnity, ONEOK …” on October 11, 2018. More interesting news about ONEOK, Inc. (NYSE:OKE) was released by: and their article: “Yet Another MLP Is Disappearing (but That’s Excellent News for Dividend Investors)” with publication date: October 09, 2018.

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

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