Oneok New (OKE) Shares Rose While Evanson Asset Management Trimmed Holding by $479,544; Altria Group (MO) Stock Price Declined While Fred Alger Management Lowered by $529,589 Its Stake

April 22, 2018 - By mmahotstuff

ONEOK, Inc. (NYSE:OKE) Logo

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 $24.48B market cap company. The stock decreased 0.33% or $0.2 during the last trading session, reaching $59.54. About 1.78M shares traded. ONEOK, Inc. (NYSE:OKE) has risen 7.29% since April 22, 2017 and is uptrending. It has underperformed by 4.26% the S&P500.

Fred Alger Management Inc decreased its stake in Altria Group Inc. (MO) by 10.7% based on its latest 2017Q4 regulatory filing with the SEC. Fred Alger Management Inc sold 7,459 shares as the company’s stock declined 15.83% with the market. The institutional investor held 62,273 shares of the farming and seeds and milling company at the end of 2017Q4, valued at $4.45 million, down from 69,732 at the end of the previous reported quarter. Fred Alger Management Inc who had been investing in Altria Group Inc. for a number of months, seems to be less bullish one the $108.42B market cap company. The stock decreased 0.95% or $0.55 during the last trading session, reaching $57.23. About 13.54 million shares traded or 58.07% up from the average. Altria Group, Inc. (NYSE:MO) has declined 17.05% since April 22, 2017 and is downtrending. It has underperformed by 28.60% the S&P500.

Analysts await Altria Group, Inc. (NYSE:MO) to report earnings on April, 26 before the open. They expect $0.94 earnings per share, up 28.77% or $0.21 from last year’s $0.73 per share. MO’s profit will be $1.78 billion for 15.22 P/E if the $0.94 EPS becomes a reality. After $0.91 actual earnings per share reported by Altria Group, Inc. for the previous quarter, Wall Street now forecasts 3.30% EPS growth.

Among 20 analysts covering Altria Group Inc. (NYSE:MO), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Altria Group Inc. had 62 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, June 14 by Berenberg. The stock has “Outperform” rating by Cowen & Co on Tuesday, September 26. Stifel Nicolaus maintained Altria Group, Inc. (NYSE:MO) on Monday, July 17 with “Buy” rating. As per Friday, September 8, the company rating was maintained by Cowen & Co. The stock of Altria Group, Inc. (NYSE:MO) has “Hold” rating given on Wednesday, September 21 by Jefferies. RBC Capital Markets maintained it with “Sell” rating and $62 target in Monday, May 29 report. Citigroup downgraded Altria Group, Inc. (NYSE:MO) on Wednesday, April 18 to “Neutral” rating. The stock of Altria Group, Inc. (NYSE:MO) has “Hold” rating given on Thursday, July 27 by Cowen & Co. Citigroup initiated the shares of MO in report on Tuesday, September 13 with “Buy” rating. Piper Jaffray maintained Altria Group, Inc. (NYSE:MO) rating on Thursday, February 1. Piper Jaffray has “Buy” rating and $81.0 target.

Since February 7, 2018, it had 0 buys, and 4 sales for $1.82 million activity. 14,953 Altria Group, Inc. (NYSE:MO) shares with value of $995,734 were sold by Johnson Craig A.. The insider Dillard James E III sold 6,500 shares worth $410,313. On Friday, March 2 the insider Quigley Brian W. sold $216,154.

Fred Alger Management Inc, which manages about $21.12 billion and $22.15B US Long portfolio, upped its stake in Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) by 22,168 shares to 389,236 shares, valued at $18.05M in 2017Q4, according to the filing. It also increased its holding in Acadia Pharmaceuticals Inc (NASDAQ:ACAD) by 165,595 shares in the quarter, for a total of 2.17 million shares, and has risen its stake in Live Nation Entertainment (NYSE:LYV).

Investors sentiment increased to 0.93 in 2017 Q4. Its up 0.04, from 0.89 in 2017Q3. It is positive, as 63 investors sold MO shares while 521 reduced holdings. 134 funds opened positions while 410 raised stakes. 1.16 billion shares or 1.13% less from 1.17 billion shares in 2017Q3 were reported. Thrivent For Lutherans has invested 0.19% of its portfolio in Altria Group, Inc. (NYSE:MO). First State Bank Of Newtown stated it has 22,352 shares. Cap Planning Advsrs Ltd Co accumulated 39,729 shares. Loomis Sayles & Lp holds 240,667 shares or 0.04% of its portfolio. Thompson Investment invested 0.05% in Altria Group, Inc. (NYSE:MO). Pioneer Tru Bancorp N A Or owns 8,464 shares. Sii Wi stated it has 21,132 shares or 0.16% of all its holdings. Calamos Wealth Mngmt Ltd Com accumulated 14,183 shares. Stadion Money Mgmt Lc holds 0.01% of its portfolio in Altria Group, Inc. (NYSE:MO) for 5,712 shares. Cutter And Brokerage holds 4,054 shares or 0.12% of its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt Systems, Pennsylvania-based fund reported 170,684 shares. Ghp Inc stated it has 2,916 shares or 0.03% of all its holdings. Gardner Russo & Gardner Ltd Liability accumulated 5.59M shares. Jupiter Asset Limited owns 0.28% invested in Altria Group, Inc. (NYSE:MO) for 136,869 shares. Cornerstone Advisors Inc stated it has 0.68% of its portfolio in Altria Group, Inc. (NYSE:MO).

Analysts await ONEOK, Inc. (NYSE:OKE) to report earnings on May, 1 after the close. They expect $0.64 EPS, up 56.10% or $0.23 from last year’s $0.41 per share. OKE’s profit will be $263.08 million for 23.26 P/E if the $0.64 EPS becomes a reality. After $0.52 actual EPS reported by ONEOK, Inc. for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

Evanson Asset Management Llc, which manages about $3.18B and $493.05 million US Long portfolio, upped its stake in Wal (NYSE:WMT) by 3,297 shares to 6,186 shares, valued at $611,000 in 2017Q4, according to the filing. It also increased its holding in Exxon Mobil Corp (NYSE:XOM) by 5,478 shares in the quarter, for a total of 47,261 shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Investors sentiment decreased to 1.18 in Q4 2017. Its down 1.64, from 2.82 in 2017Q3. It turned negative, 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. Manufacturers Life The holds 0.19% or 3.24 million shares. Victory Mgmt holds 122,129 shares or 0.01% of its portfolio. Gemmer Asset Limited Company has 458 shares for 0.01% of their portfolio. Salient Com Lta has 0.13% invested in ONEOK, Inc. (NYSE:OKE) for 22,173 shares. 248,220 are held by Cv Starr Trust. Oppenheimer And Co Inc holds 99,925 shares or 0.14% of its portfolio. Nomura Inc holds 0% or 35,844 shares. Chemical Commercial Bank accumulated 0.04% or 7,518 shares. Castleark Limited Liability Corp owns 0.03% invested in ONEOK, Inc. (NYSE:OKE) for 20,774 shares. Endurance Wealth Management Inc holds 2,270 shares or 0.02% of its portfolio. Moreover, Lazard Asset Mngmt Llc has 0% invested in ONEOK, Inc. (NYSE:OKE). Atria Investments Ltd Liability Corp holds 0.14% or 54,008 shares. Amp Capital Limited owns 154,098 shares. Keybank Association Oh has invested 0.03% of its portfolio in ONEOK, Inc. (NYSE:OKE). Ngam Advsrs Lp holds 0.01% or 15,983 shares.

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. Jefferies maintained the stock with “Hold” rating in Thursday, August 31 report. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, January 20. The company was maintained on Sunday, August 27 by RBC Capital Markets. The stock of ONEOK, Inc. (NYSE:OKE) earned “Hold” rating by Mizuho on Tuesday, January 23. As per Thursday, January 11, the company rating was upgraded by Wells Fargo. BMO Capital Markets maintained the shares of OKE in report on Thursday, March 8 with “Buy” rating. The stock has “Outperform” rating by Oppenheimer on Wednesday, December 23. The stock has “Underperform” rating by Jefferies on Thursday, January 12. On Friday, June 16 the stock rating was maintained by Jefferies with “Hold”. RBC Capital Markets maintained ONEOK, Inc. (NYSE:OKE) rating on Sunday, July 23. RBC Capital Markets has “Hold” rating and $5800 target.

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

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