Oneok (OKE) Stock Declined While Albert D Mason Has Raised Its Holding; Wesco Intl (WCC) Stock Value Declined While Edgepoint Investment Group Decreased Stake by $1.91 Million

January 14, 2018 - By Adrian Mccoy

Albert D Mason Inc increased its stake in Oneok Inc. (OKE) by 648.77% based on its latest 2017Q3 regulatory filing with the SEC. Albert D Mason Inc bought 33,976 shares as the company’s stock declined 4.12% while stock markets rallied. The institutional investor held 39,213 shares of the public utilities company at the end of 2017Q3, valued at $2.17 million, up from 5,237 at the end of the previous reported quarter. Albert D Mason Inc who had been investing in Oneok Inc. for a number of months, seems to be bullish on the $22.50B market cap company. The stock increased 0.53% or $0.31 during the last trading session, reaching $58.67. About 2.97 million shares traded or 12.69% up from the average. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since January 14, 2017 and is uptrending. It has outperformed by 7.11% the S&P500.

Edgepoint Investment Group Inc decreased its stake in Wesco Intl Inc (WCC) by 0.78% based on its latest 2017Q3 regulatory filing with the SEC. Edgepoint Investment Group Inc sold 32,934 shares as the company’s stock declined 13.95% while stock markets rallied. The institutional investor held 4.18M shares of the consumer non-durables company at the end of 2017Q3, valued at $243.32M, down from 4.21 million at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Wesco Intl Inc for a number of months, seems to be less bullish one the $3.16B market cap company. The stock increased 1.36% or $0.9 during the last trading session, reaching $67.3. About 283,349 shares traded. WESCO International, Inc. (NYSE:WCC) has risen 13.26% since January 14, 2017 and is uptrending. It has underperformed by 3.44% the S&P500.

Albert D Mason Inc, which manages about $397.92 million and $124.41 million US Long portfolio, decreased its stake in Novartis Ag Adr (NYSE:NVS) by 6,500 shares to 8,209 shares, valued at $705,000 in 2017Q3, according to the filing. It also reduced its holding in Aptargroup Inc. (NYSE:ATR) by 6,609 shares in the quarter, leaving it with 17,150 shares, and cut its stake in Bank Of Ireland.

Among 19 analysts covering ONEOK (NYSE:OKE), 6 have Buy rating, 0 Sell and 13 Hold. Therefore 32% are positive. ONEOK had 62 analyst reports since August 11, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of OKE in report on Thursday, October 26 with “Hold” rating. The stock has “Hold” rating by Jefferies on Thursday, February 23. The firm earned “Hold” rating on Tuesday, August 1 by Stifel Nicolaus. Credit Suisse initiated ONEOK, Inc. (NYSE:OKE) on Monday, September 14 with “Neutral” rating. The firm earned “Equal-Weight” rating on Wednesday, July 5 by Morgan Stanley. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, January 20. The company was maintained on Tuesday, April 19 by Citigroup. The firm earned “Hold” rating on Monday, August 14 by Stifel Nicolaus. UBS upgraded the stock to “Buy” rating in Wednesday, June 14 report. On Monday, March 28 the stock rating was initiated by RBC Capital Markets with “Sector Perform”.

Investors sentiment increased to 2.82 in Q3 2017. Its up 1.47, from 1.35 in 2017Q2. It increased, 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. Ballentine Partners Limited Liability Company invested in 25,417 shares. National Planning Corp invested in 0.09% or 7,894 shares. Two Sigma Secs Ltd Liability accumulated 0.02% or 4,173 shares. Vantage Inv Advsrs Llc holds 919 shares or 0.01% of its portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys owns 1.41% invested in ONEOK, Inc. (NYSE:OKE) for 1.72 million shares. Royal Fincl Bank Of Canada holds 629,836 shares or 0.02% of its portfolio. Winslow Evans & Crocker Incorporated invested 0.04% of its portfolio in ONEOK, Inc. (NYSE:OKE). Bush Odonnell Inv stated it has 24,336 shares. California Employees Retirement owns 799,188 shares. Everence Mngmt owns 11,236 shares. Donaldson Capital Mgmt Ltd Llc has 4,524 shares. Advisory Ser Networks Limited Liability Company holds 7,959 shares or 0.05% of its portfolio. Covington Mngmt has 0% invested in ONEOK, Inc. (NYSE:OKE). Winch Advisory Serv Lc holds 102 shares. Oppenheimer Inc stated it has 100,423 shares or 0.15% of all its holdings.

Among 20 analysts covering Wesco International Inc. (NYSE:WCC), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. Wesco International Inc. had 65 analyst reports since July 24, 2015 according to SRatingsIntel. The company was initiated on Friday, August 26 by Macquarie Research. Oppenheimer maintained WESCO International, Inc. (NYSE:WCC) on Wednesday, June 7 with “Hold” rating. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, December 16. The stock of WESCO International, Inc. (NYSE:WCC) has “Hold” rating given on Thursday, July 27 by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, August 24 by Longbow. The firm has “Buy” rating by Standpoint Research given on Thursday, August 3. Robert W. Baird maintained WESCO International, Inc. (NYSE:WCC) on Thursday, August 31 with “Hold” rating. The firm has “Outperform” rating by Oppenheimer given on Friday, January 29. The stock of WESCO International, Inc. (NYSE:WCC) has “Equal Weight” rating given on Friday, July 24 by Stephens. Standpoint Research upgraded WESCO International, Inc. (NYSE:WCC) on Monday, August 24 to “Hold” rating.

Investors sentiment decreased to 0.98 in 2017 Q3. Its down 0.30, from 1.28 in 2017Q2. It dropped, as 35 investors sold WCC shares while 59 reduced holdings. 25 funds opened positions while 67 raised stakes. 45.65 million shares or 2.05% less from 46.61 million shares in 2017Q2 were reported. The Georgia-based Cornercap Invest Counsel has invested 0.1% in WESCO International, Inc. (NYSE:WCC). Qs Lc invested in 0% or 36 shares. Nationwide Fund Advsrs accumulated 11,020 shares. Nine Chapters Capital Mgmt Limited Liability Corp holds 0.68% or 5,300 shares in its portfolio. Parametric Assocs Limited Liability Co holds 0.01% or 177,605 shares. Ameriprise Fincl Inc reported 18,809 shares stake. New York-based Engineers Gate Manager Lp has invested 0.17% in WESCO International, Inc. (NYSE:WCC). First Tru Advsr Ltd Partnership stated it has 108,416 shares or 0.02% of all its holdings. State Board Of Administration Of Florida Retirement Systems has invested 0.01% in WESCO International, Inc. (NYSE:WCC). Indexiq Advsr Llc has invested 0.03% of its portfolio in WESCO International, Inc. (NYSE:WCC). Natixis has invested 0.01% in WESCO International, Inc. (NYSE:WCC). Diamond Hill holds 8,620 shares or 0% of its portfolio. Franklin Res accumulated 230,300 shares or 0.01% of the stock. Of Vermont holds 4,000 shares. Barclays Pcl has 17,001 shares.

Analysts await WESCO International, Inc. (NYSE:WCC) to report earnings on January, 25. They expect $0.98 EPS, up 2.08% or $0.02 from last year’s $0.96 per share. WCC’s profit will be $46.06 million for 17.17 P/E if the $0.98 EPS becomes a reality. After $1.12 actual EPS reported by WESCO International, Inc. for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.

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