Kentucky Retirement Systems Maintains Holding in Oneok New (OKE); Broderick Brian C Maintains Holding in United Technologies (UTX)

February 15, 2018 - By David Stenberg

Kentucky Retirement Systems increased its stake in Oneok Inc New (OKE) by 72.47% based on its latest 2017Q3 regulatory filing with the SEC. Kentucky Retirement Systems bought 9,801 shares as the company’s stock declined 4.12% while stock markets rallied. The institutional investor held 23,326 shares of the public utilities company at the end of 2017Q3, valued at $1.29M, up from 13,525 at the end of the previous reported quarter. Kentucky Retirement Systems who had been investing in Oneok Inc New for a number of months, seems to be bullish on the $23.59B market cap company. The stock increased 1.11% or $0.63 during the last trading session, reaching $57.47. About 3.42M shares traded or 15.29% up from the average. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since February 15, 2017 and is uptrending. It has outperformed by 7.11% the S&P500.

Broderick Brian C increased its stake in United Technologies (UTX) by 6.16% based on its latest 2017Q3 regulatory filing with the SEC. Broderick Brian C bought 2,667 shares as the company’s stock rose 8.03% with the market. The institutional investor held 45,990 shares of the aerospace company at the end of 2017Q3, valued at $5.34 million, up from 43,323 at the end of the previous reported quarter. Broderick Brian C who had been investing in United Technologies for a number of months, seems to be bullish on the $101.33 billion market cap company. The stock increased 0.74% or $0.93 during the last trading session, reaching $126.7. About 6.95M shares traded or 67.41% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since February 15, 2017 and is uptrending. It has outperformed by 6.29% the S&P500.

Investors sentiment increased to 2.82 in Q3 2017. Its up 1.47, from 1.35 in 2017Q2. It is positive, as 52 investors sold OKE shares while 103 reduced holdings. 164 funds opened positions while 273 raised stakes. 264.73 million shares or 40.11% more from 188.94 million shares in 2017Q2 were reported. 2,272 were reported by Focused Wealth Inc. Northwestern Mutual Wealth Mgmt owns 18,081 shares. Cohen & Steers stated it has 2.57 million shares. Commonwealth Equity Services has 83,956 shares. Sii Wi owns 3,729 shares or 0.01% of their US portfolio. Pinnacle Ltd Liability invested in 83,384 shares or 1.71% of the stock. Rockefeller Fincl Services reported 0% in ONEOK, Inc. (NYSE:OKE). 5,370 are owned by Financial Counselors Inc. Legacy Private Co has invested 0.11% in ONEOK, Inc. (NYSE:OKE). Bancorp Of America Corp De holds 0.01% or 1.03M shares. Mycio Wealth Prtnrs Ltd Co invested 0.03% in ONEOK, Inc. (NYSE:OKE). Dupont Management has invested 0.06% of its portfolio in ONEOK, Inc. (NYSE:OKE). Quantitative Inv Management Limited Liability Corporation holds 0.19% or 298,500 shares in its portfolio. 4,298 are held by Sequoia Finance Advsrs Ltd Com. Moreover, Coldstream Capital Mngmt Incorporated has 0.09% invested in ONEOK, Inc. (NYSE:OKE).

Kentucky Retirement Systems, which manages about $1.32B US Long portfolio, decreased its stake in Boeing Co (NYSE:BA) by 1,518 shares to 34,466 shares, valued at $8.76 million in 2017Q3, according to the filing. It also reduced its holding in International Business Machs (NYSE:IBM) by 2,310 shares in the quarter, leaving it with 52,495 shares, and cut its stake in Celgene Corp (NASDAQ:CELG).

Among 20 analysts covering ONEOK (NYSE:OKE), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. ONEOK had 68 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, August 24 by Argus Research. As per Monday, August 14, the company rating was maintained by Stifel Nicolaus. The stock of ONEOK, Inc. (NYSE:OKE) has “Hold” rating given on Wednesday, June 8 by Jefferies. Oppenheimer downgraded ONEOK, Inc. (NYSE:OKE) on Friday, January 22 to “Perform” rating. As per Sunday, August 27, the company rating was maintained by RBC Capital Markets. The stock of ONEOK, Inc. (NYSE:OKE) earned “Outperform” rating by Credit Suisse on Thursday, February 2. The firm earned “Overweight” rating on Monday, May 9 by Barclays Capital. The rating was maintained by Jefferies with “Hold” on Thursday, August 31. The stock has “Buy” rating by Argus Research on Wednesday, June 21. Citigroup downgraded the stock to “Neutral” rating in Wednesday, January 25 report.

Investors sentiment increased to 1.05 in Q3 2017. Its up 0.10, from 0.95 in 2017Q2. It is positive, as 63 investors sold UTX shares while 503 reduced holdings. 111 funds opened positions while 484 raised stakes. 621.08 million shares or 1.52% more from 611.76 million shares in 2017Q2 were reported. Appleton Prtnrs Ma holds 11,293 shares. 96,184 were reported by Tower Bridge Advsrs. Univest Corporation Of Pennsylvania accumulated 27,148 shares. Atlas Browninc has invested 0.05% of its portfolio in United Technologies Corporation (NYSE:UTX). Maple Capital Management stated it has 1.53% in United Technologies Corporation (NYSE:UTX). Horan Capital Advsrs Limited Liability has 0.16% invested in United Technologies Corporation (NYSE:UTX) for 2,261 shares. 1,920 are owned by South Street Advsr Limited Liability. Benedict Fincl Advsrs invested in 1.41% or 23,597 shares. Oregon Pub Employees Retirement Fund holds 81,033 shares or 0.15% of its portfolio. Intll Value Advisers Ltd Com owns 701,995 shares. State Street Corp has 91.65M shares for 0.92% of their portfolio. 52,000 were accumulated by Cohen Steers Inc. Guinness Atkinson Asset has invested 0.14% of its portfolio in United Technologies Corporation (NYSE:UTX). Azimuth Ltd Liability Corporation owns 13,453 shares for 0.12% of their portfolio. Outfitter Advsr accumulated 41,420 shares.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. United Technologies Corporation had 78 analyst reports since July 21, 2015 according to SRatingsIntel. JP Morgan initiated United Technologies Corporation (NYSE:UTX) on Thursday, October 8 with “Neutral” rating. As per Tuesday, December 5, the company rating was upgraded by Atlantic Securities. The rating was maintained by RBC Capital Markets on Tuesday, January 23 with “Buy”. On Thursday, January 12 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was maintained on Friday, July 7 by Stifel Nicolaus. The stock of United Technologies Corporation (NYSE:UTX) has “Hold” rating given on Sunday, October 8 by RBC Capital Markets. The stock of United Technologies Corporation (NYSE:UTX) earned “Hold” rating by Stifel Nicolaus on Thursday, August 10. On Tuesday, May 3 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Barclays Capital maintained the shares of UTX in report on Wednesday, July 27 with “Equalweight” rating. The firm has “Buy” rating by Jefferies given on Monday, August 28.

Broderick Brian C, which manages about $277.13 million US Long portfolio, decreased its stake in Merck (NYSE:MRK) by 5,546 shares to 35,944 shares, valued at $2.30M in 2017Q3, according to the filing. It also reduced its holding in Automatic Data Processing (NASDAQ:ADP) by 4,359 shares in the quarter, leaving it with 75,900 shares, and cut its stake in Procter & Gamble (NYSE:PG).

Since December 13, 2017, it had 0 insider purchases, and 3 insider sales for $734,561 activity. On Wednesday, December 13 Bailey Robert J. sold $79,088 worth of United Technologies Corporation (NYSE:UTX) or 636 shares.

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By1 David Stenberg

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