Rare Infrastructure LTD Has Upped Its Enbridge (ENB) Holding by $3.98 Million; Oneok (OKE) Shareholder Bridgecreek Investment Management Raised Position

January 14, 2018 - By Richard Conner

Rare Infrastructure Ltd increased its stake in Enbridge Inc (ENB) by 2.08% based on its latest 2017Q3 regulatory filing with the SEC. Rare Infrastructure Ltd bought 97,009 shares as the company’s stock declined 5.78% while stock markets rallied. The institutional investor held 4.76M shares of the natural gas distribution company at the end of 2017Q3, valued at $199.09M, up from 4.66 million at the end of the previous reported quarter. Rare Infrastructure Ltd who had been investing in Enbridge Inc for a number of months, seems to be bullish on the $66.56B market cap company. The stock increased 0.63% or $0.25 during the last trading session, reaching $39.74. About 2.46 million shares traded. Enbridge Inc. (NYSE:ENB) has declined 0.40% since January 14, 2017 and is downtrending. It has underperformed by 17.10% the S&P500.

Bridgecreek Investment Management Llc increased its stake in Oneok Inc (OKE) by 25.27% based on its latest 2017Q3 regulatory filing with the SEC. Bridgecreek Investment Management Llc bought 30,838 shares as the company’s stock declined 4.12% while stock markets rallied. The institutional investor held 152,863 shares of the public utilities company at the end of 2017Q3, valued at $8.47M, up from 122,025 at the end of the previous reported quarter. Bridgecreek Investment Management Llc who had been investing in Oneok Inc for a number of months, seems to be bullish on the $22.50 billion market cap company. The stock increased 0.53% or $0.31 during the last trading session, reaching $58.67. About 2.97M 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.

Bridgecreek Investment Management Llc, which manages about $625.00 million and $368.14M US Long portfolio, decreased its stake in Wynn Resorts Ltd (NASDAQ:WYNN) by 2,275 shares to 76,440 shares, valued at $11.38M in 2017Q3, according to the filing. It also reduced its holding in Halliburton Co (NYSE:HAL) by 7,750 shares in the quarter, leaving it with 113,630 shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

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. The stock of ONEOK, Inc. (NYSE:OKE) has “Buy” rating given on Thursday, January 4 by U.S. Capital Advisors. The company was downgraded on Wednesday, July 5 by Morgan Stanley. The firm has “Buy” rating given on Friday, June 17 by Citigroup. BMO Capital Markets maintained ONEOK, Inc. (NYSE:OKE) rating on Monday, September 25. BMO Capital Markets has “Buy” rating and $59.0 target. The firm has “Hold” rating given on Wednesday, May 18 by US Capital Advisors. The rating was downgraded by Citigroup to “Neutral” on Wednesday, January 25. As per Thursday, February 23, the company rating was upgraded by Jefferies. The stock has “Hold” rating by RBC Capital Markets on Monday, May 15. The stock of ONEOK, Inc. (NYSE:OKE) has “Overweight” rating given on Wednesday, January 20 by Morgan Stanley. On Thursday, August 24 the stock rating was maintained by Argus Research with “Buy”.

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. Johnson Inv Counsel has 0.03% invested in ONEOK, Inc. (NYSE:OKE) for 19,999 shares. Cypress Cap Grp Inc invested in 0.05% or 3,940 shares. State Teachers Retirement Systems stated it has 519,855 shares. Pinebridge Invests Ltd Partnership holds 0.01% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 4,213 shares. The Norway-based Dnb Asset As has invested 0.03% in ONEOK, Inc. (NYSE:OKE). Stratos Wealth Partners Ltd accumulated 36,372 shares. First Midwest Financial Bank Division holds 23,498 shares. Gemmer Asset Mgmt Ltd Liability Co holds 458 shares or 0.01% of its portfolio. Bnp Paribas Arbitrage holds 0.04% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 269,266 shares. Natl Asset Management accumulated 4,904 shares or 0.05% of the stock. Moreover, First Interstate National Bank & Trust has 0.01% invested in ONEOK, Inc. (NYSE:OKE) for 642 shares. Metropolitan Life New York holds 0.1% or 286,572 shares in its portfolio. Great West Life Assurance Can has invested 0.04% in ONEOK, Inc. (NYSE:OKE). New York-based Silvercrest Asset Mgmt Gru Ltd has invested 0.09% in ONEOK, Inc. (NYSE:OKE). Advisory holds 1.72% or 1.95 million shares in its portfolio.

Among 15 analysts covering Enbridge Inc. (NYSE:ENB), 6 have Buy rating, 0 Sell and 9 Hold. Therefore 40% are positive. Enbridge Inc. had 22 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, February 4 by Credit Suisse. As per Friday, October 9, the company rating was maintained by RBC Capital Markets. The stock of Enbridge Inc. (NYSE:ENB) has “Market Perform” rating given on Monday, May 15 by Wolfe Research. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, November 17 report. On Monday, July 18 the stock rating was downgraded by National Bank Canada to “Sector Perform”. The firm earned “Outperform” rating on Wednesday, March 2 by BMO Capital Markets. The stock has “Neutral” rating by Bank of America on Thursday, September 1. On Friday, June 23 the stock rating was reinitiated by JP Morgan with “Neutral”. The stock of Enbridge Inc. (NYSE:ENB) earned “Outperform” rating by Credit Suisse on Tuesday, March 14. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, July 14.

Rare Infrastructure Ltd, which manages about $1.37B US Long portfolio, decreased its stake in Great Plains Energy Inc (NYSE:GXP) by 314,428 shares to 2,375 shares, valued at $72,000 in 2017Q3, according to the filing. It also reduced its holding in Sempra Energy (NYSE:SRE) by 363,630 shares in the quarter, leaving it with 615,668 shares, and cut its stake in Ppl Corp (NYSE:PPL).

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