At&T (T) Position Has Boosted by Weatherly Asset Management; As Oneok New (OKE) Share Price Rose, Evanson Asset Management Has Trimmed by $479,544 Its Stake

April 26, 2018 - By Steve Bissell

AT&T Inc. (NYSE:T) Logo

Weatherly Asset Management increased its stake in At&T Inc (T) by 5.42% based on its latest 2017Q4 regulatory filing with the SEC. Weatherly Asset Management bought 11,690 shares as the company’s stock declined 10.37% with the market. The institutional investor held 227,201 shares of the telecommunications equipment company at the end of 2017Q4, valued at $8.83M, up from 215,511 at the end of the previous reported quarter. Weatherly Asset Management who had been investing in At&T Inc for a number of months, seems to be bullish on the $216.94B market cap company. The stock decreased 5.11% or $1.8001 during the last trading session, reaching $33.3999. About 106.51 million shares traded or 295.07% up from the average. AT&T Inc. (NYSE:T) has declined 15.88% since April 26, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Evanson Asset Management Llc decreased its stake in Oneok Inc New (OKE) by 13.9% based on its latest 2017Q4 regulatory filing with the SEC. Evanson Asset Management Llc sold 9,048 shares as the company’s stock rose 7.05% while stock markets declined. The institutional investor held 56,042 shares of the public utilities company at the end of 2017Q4, valued at $3.00 million, down from 65,090 at the end of the previous reported quarter. Evanson Asset Management Llc who had been investing in Oneok Inc New for a number of months, seems to be less bullish one the $24.71 billion market cap company. The stock increased 0.86% or $0.51 during the last trading session, reaching $60.11. About 1.41 million shares traded. ONEOK, Inc. (NYSE:OKE) has risen 7.29% since April 26, 2017 and is uptrending. It has underperformed by 4.26% the S&P500.

Evanson Asset Management Llc, which manages about $3.18B and $493.05M US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 6,696 shares to 479,418 shares, valued at $84.60M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (SCZ) by 6,188 shares in the quarter, for a total of 34,505 shares, and has risen its stake in Exxon Mobil Corp (NYSE:XOM).

Among 21 analysts covering ONEOK (NYSE:OKE), 9 have Buy rating, 0 Sell and 12 Hold. Therefore 43% are positive. ONEOK had 76 analyst reports since August 11, 2015 according to SRatingsIntel. The company was maintained on Sunday, July 23 by RBC Capital Markets. The rating was upgraded by Deutsche Bank on Monday, October 10 to “Hold”. Mizuho maintained the shares of OKE in report on Tuesday, January 23 with “Hold” rating. The stock of ONEOK, Inc. (NYSE:OKE) earned “Buy” rating by BMO Capital Markets on Tuesday, October 17. The firm has “Hold” rating given on Wednesday, June 8 by Jefferies. The stock has “Buy” rating by BMO Capital Markets on Monday, September 25. Barclays Capital maintained ONEOK, Inc. (NYSE:OKE) rating on Tuesday, April 17. Barclays Capital has “Overweight” rating and $66 target. The stock of ONEOK, Inc. (NYSE:OKE) has “Neutral” rating given on Monday, February 8 by Robert W. Baird. The firm has “Outperform” rating given on Thursday, August 3 by Credit Suisse. The firm has “Hold” rating given on Thursday, February 23 by Jefferies.

Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on May, 1 after the close. They expect $0.64 earnings per share, up 56.10% or $0.23 from last year’s $0.41 per share. OKE’s profit will be $263.08M for 23.48 P/E if the $0.64 EPS becomes a reality. After $0.52 actual earnings per share reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

Investors sentiment decreased to 1.18 in Q4 2017. Its down 1.64, from 2.82 in 2017Q3. It fall, as 49 investors sold OKE shares while 194 reduced holdings. 76 funds opened positions while 211 raised stakes. 270.44 million shares or 2.16% more from 264.73 million shares in 2017Q3 were reported. 29.80 million were accumulated by Blackrock. Robertson Opportunity Capital Ltd Liability Corporation reported 97,074 shares or 3.04% of all its holdings. 338,510 were reported by Chevy Chase Tru. Hardman Johnston Advsrs stated it has 15,833 shares. 15.50 million were reported by Tortoise Cap Advsrs Limited Liability Com. Teacher Retirement Sys Of Texas reported 102,737 shares. Rampart Invest Mgmt Limited Company has 4,659 shares. Moreover, L & S Advsr has 0.04% invested in ONEOK, Inc. (NYSE:OKE). Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 0.04% invested in ONEOK, Inc. (NYSE:OKE) for 18,194 shares. The New York-based Yorkville Management Limited Com has invested 2.71% in ONEOK, Inc. (NYSE:OKE). New Amsterdam Prtnrs Lc Ny stated it has 0.1% in ONEOK, Inc. (NYSE:OKE). New Jersey Better Educational Savings Tru accumulated 8,000 shares. Walleye Trading Limited Company invested in 0% or 1,842 shares. Moreover, Fiduciary Of The Southwest Incorporated Tx has 0.08% invested in ONEOK, Inc. (NYSE:OKE) for 5,090 shares. Miller Howard Invests Incorporated Ny owns 1.77 million shares or 2.06% of their US portfolio.

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

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