|Bid||52.00 x 900|
|Ask||0.00 x 4000|
|Day's Range||66.02 - 66.60|
|52 Week Range||47.14 - 67.31|
|PE Ratio (TTM)||51.54|
|Forward Dividend & Yield||3.08 (5.26%)|
|1y Target Est||N/A|
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
The number of institutional holders in Enterprise Products Partners (EPD) fell to 1,063 by the end of the first quarter compared to 1,069 in the previous quarter.
Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. ONEOK Inc (NYSE:OKE) has returned to shareholders over the pastRead More...
Williams Partners (WPZ) rallied 7% early yesterday following a merger announcement with its GP, Williams Companies (WMB). The c-corp GP has agreed to acquire all the outstanding units of the MLP in a stock-for-unit deal valued at $10.5 billion.
Kinder Morgan (KMI) stock rose 2.5% last week (ended May 11), outperforming Enterprise Products Partners (EPD), which rose 2.1%. ONEOK (OKE) and the Energy Select Sector SPDR ETF (XLE) rose 3.7% and 3.9%, respectively, and crude oil rose 1.4%, remaining above $70 per barrel in four of the five days.
ONEOK (OKE) stock saw quite a few price target raises on May 3 after its 1Q18 earnings release on May 1: Citigroup, from $64 to $67 Stifel, from $61 to $62 Guggenheim, from $62 to $68 RBC, from $70 to $72 Deutsche Bank, from $62 to $65
BlackRock Institutional Trust and Kayne Anderson Capital Advisors have added 3.1 million and 0.9 million ONEOK (OKE) shares, respectively, to their positions, according to recent filings. The top ten investors in ONEOK, which own 34.5% of its outstanding shares, have collectively added 6 million ONEOK shares to their positions.
ONEOK’s (OKE) shorted shares fell ~2.5% from ~12.2 million on April 13 to ~11.9 million on April 30. According to May 9 data, short interest in ONEOK as a percentage of its float was ~2.9%—down slightly from ~3.0% in mid-April. Its short interest ratio is lower than its five-year average of ~4.7%.
ONEOK (OKE) stock has continued to build upon its gains in 2018. The stock has risen ~19% YTD (year-to-date), significantly outperforming many of its peers. ONEOK’s strong 1Q18 results, and analysts’ positive price target revisions following it, contributed to the stock’s outperformance. MLP peer Enterprise Products Partners (EPD) has risen ~2% YTD, while Targa Resources (TRGP) and Kinder Morgan (KMI) have fallen 2% and 12%, respectively.
Plains All American Pipeline (PAA) reported its 1Q18 results on May 8 after the market closed. Plains All American reported 16% YoY (year-over-year) growth in its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) for the quarter. The adjusted EBITDA excludes gains from derivative activities. Plains All American reported $285 million in gains from derivative activities in 1Q17.
Kinder Morgan (KMI) is trading nearly 2% above its 50-day moving average. Kinder Morgan traded close to its 50-day moving average last week, fell below the average twice, and ended the week above the average. However, Kinder Morgan is trading 9% below its 200-day moving average. Kinder Morgan has fallen nearly 11% year-to-date.
ONEOK's (OKE) first-quarter 2018 earnings benefit from increased optimization and marketing activities in the natural gas liquids segment.
ONEOK (OKE) reported its 1Q18 results on May 1. The company’s adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) grew 24% YoY (year-over-year) in 1Q18. ONEOK’s 1Q18 EBITDA exceeded analysts’ expectations for the quarter. The growth was driven by higher volumes in the STACK and SCOOP plays and the Williston and Permian basins. Optimization and marketing activities in ONEOK’s Natural Gas Liquids segment also contributed to the earnings growth.
The Tulsa, Oklahoma-based company said it had net income of 64 cents per share. The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research ...
Williams Companies was trading at an EV-to-EBITDA1 multiple of 10.5x on April 23, which is below the peer average of 11.6x. Among WMB’s peers, ONEOK (OKE) and Enterprise Products Partners (EPD) are trading at higher multiples of 14.8x and 13.3x, respectively, while Kinder Morgan (KMI) was trading at 10.1x. The dividend yield is a more relevant metric for Williams Companies, considering its dependence on the limited partnership for distribution income.
So far, ONEOK (OKE) has risen nearly 9% in 2018. In comparison, Enterprise Products Partners (EPD), Targa Resources (TRGP), and Kinder Morgan (KMI) have fallen nearly 1%, 6%, and 13%, respectively, during the same period. The Energy Select Sector SPDR ETF (XLE) has risen nearly 1% year-to-date. So, ONEOK has outperformed its peers in 2018. ONEOK’s strong 4Q17 performance and positive 2018 outlook likely contributed to the company’s outperformance.
The number of ONEOK (OKE) shares shorted rose from ~11.4 million on March 30 to ~12.2 million on April 13—a rise of ~7.1%. According to data released on April 24, the short interest in ONEOK as a percentage of its float is currently ~3.0%—up from ~2.8% at the end of March. The short interest as a percentage of float in ONEOK is lower than its five-year average of ~4.7%.