Wellington Shields Capital Management Llc increased its stake in Oneok Inc (OKE) by 389.61% based on its latest 2017Q3 regulatory filing with the SEC. Wellington Shields Capital Management Llc bought 23,813 shares as the company’s stock declined 4.12% while stock markets rallied. The institutional investor held 29,925 shares of the public utilities company at the end of 2017Q3, valued at $1.66 million, up from 6,112 at the end of the previous reported quarter. Wellington Shields Capital Management Llc who had been investing in Oneok Inc for a number of months, seems to be bullish on the $24.11B market cap company. The stock decreased 1.28% or $0.76 during the last trading session, reaching $58.73. About 2.01 million shares traded. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since January 31, 2017 and is uptrending. It has outperformed by 7.11% the S&P500.
Carl Goldsmith decreased its stake in Time Warner Inc (TWX) by 23.61% based on its latest 2017Q3 regulatory filing with the SEC. Beach Point Capital Management Lp sold 208,326 shares as the company’s stock rose 1.19% with the market. The hedge fund run by Carl Goldsmith held 673,901 shares of the television services company at the end of 2017Q3, valued at $69.04M, down from 882,227 at the end of the previous reported quarter. Beach Point Capital Management Lp who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $73.54 billion market cap company. The stock decreased 0.05% or $0.05 during the last trading session, reaching $94.45. About 6.09 million shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since January 31, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.
Wellington Shields Capital Management Llc, which manages about $901.02 million and $609.08 million US Long portfolio, decreased its stake in General Mills Inc (NYSE:GIS) by 11,000 shares to 62,666 shares, valued at $3.24M in 2017Q3, according to the filing. It also reduced its holding in Fortune Brands Home & Security (NYSE:FBHS) by 5,000 shares in the quarter, leaving it with 29,000 shares, and cut its stake in Liberty Broadband Corp B.
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. Eagle Glob Advsrs Limited Co holds 2.57M shares. Starr reported 0.74% stake. California-based Evanson Asset Mngmt Ltd has invested 0.77% in ONEOK, Inc. (NYSE:OKE). Dynamic Capital stated it has 0.28% of its portfolio in ONEOK, Inc. (NYSE:OKE). Gamco Invsts Inc Et Al accumulated 0.09% or 258,686 shares. Pennsylvania-based Zeke Cap Advisors Lc has invested 0.04% in ONEOK, Inc. (NYSE:OKE). 2,272 are held by Focused Wealth. Massachusetts-based Winslow Evans And Crocker has invested 0.04% in ONEOK, Inc. (NYSE:OKE). Bancorporation Of Nova Scotia Trust Comm has 0.03% invested in ONEOK, Inc. (NYSE:OKE). Ray Gerald L Assoc Limited, a Texas-based fund reported 33,966 shares. Personal Advsr has 191,460 shares for 0.21% of their portfolio. Legacy Private Trust Com reported 16,788 shares. Cap Advsrs Limited Ltd invested in 0% or 123 shares. 41,949 were reported by Public Sector Pension Invest Board. The New Jersey-based Prudential has invested 0.05% in ONEOK, Inc. (NYSE:OKE).
Among 19 analysts covering ONEOK (NYSE:OKE), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. ONEOK had 66 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Monday, April 3. As per Wednesday, July 5, the company rating was upgraded by BMO Capital Markets. The rating was initiated by Credit Suisse with “Neutral” on Monday, September 14. The firm has “Hold” rating by Deutsche Bank given on Monday, October 10. Oppenheimer maintained ONEOK, Inc. (NYSE:OKE) on Tuesday, August 11 with “Outperform” rating. On Thursday, December 31 the stock rating was upgraded by Credit Suisse to “Outperform”. As per Thursday, February 25, the company rating was maintained by Credit Suisse. Robert W. Baird maintained ONEOK, Inc. (NYSE:OKE) rating on Thursday, September 14. Robert W. Baird has “Hold” rating and $54.0 target. The rating was maintained by Jefferies on Friday, June 16 with “Hold”. Barclays Capital initiated it with “Hold” rating and $58.0 target in Tuesday, September 5 report.
Since December 14, 2017, it had 0 buys, and 1 sale for $2.11 million activity.
Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 15 have Buy rating, 0 Sell and 25 Hold. Therefore 38% are positive. Time Warner Inc. had 116 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by Moffett Nathanson to “Neutral” on Wednesday, February 1. The stock of Time Warner Inc. (NYSE:TWX) earned “Outperform” rating by Credit Suisse on Monday, November 7. The stock has “Hold” rating by RBC Capital Markets on Friday, September 15. The stock of Time Warner Inc. (NYSE:TWX) earned “Buy” rating by Jefferies on Tuesday, May 23. The rating was downgraded by Vetr on Tuesday, August 11 to “Strong-Buy”. RBC Capital Markets maintained the stock with “Hold” rating in Monday, August 14 report. As per Tuesday, January 3, the company rating was downgraded by Telsey Advisory Group. The firm has “Buy” rating by Moffett Nathanson given on Thursday, November 17. Pivotal Research downgraded it to “Hold” rating and $107.50 target in Monday, October 24 report. The rating was maintained by BMO Capital Markets with “Hold” on Monday, October 16.
Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on February, 14. They expect $1.46 EPS, up 16.80% or $0.21 from last year’s $1.25 per share. TWX’s profit will be $1.14B for 16.17 P/E if the $1.46 EPS becomes a reality. After $1.82 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.
The post Wellington Shields Capital Management Has Lifted Oneok (OKE) Position; Time Warner (TWX) Shareholder Beach Point Capital Management LP Cut Its Holding by $21.25 Million appeared first on Stock Market News | HillCountryTimes | Get it Today.
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