ONEOK (NYSE:OKE) Shares Unloaded by Rep. Kevin Hern

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of ONEOK, Inc. (NYSE:OKE). In a filing disclosed on September 25th, the Representative disclosed that they had sold between $50,001 and $100,000 in ONEOK stock on August 31st. The trade occurred in the Representative’s “HERN FAMILY FOUNDATION” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of CenterPoint Energy (NYSE:CNP) on 9/15/2026.
• Sold $1,001 – $15,000 in shares of TJX Companies (NYSE:TJX) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of STERIS (NYSE:STE) on 9/15/2026.
• Sold $1,001 – $15,000 in shares of Seagate Technology (NASDAQ:STX) on 9/15/2026.
• Sold $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 9/14/2026.
• Sold $15,001 – $50,000 in shares of Emerson Electric (NYSE:EMR) on 9/14/2026.

ONEOK Price Performance

Shares of NYSE:OKE traded down $1.81 during mid-day trading on Tuesday, reaching $86.81. The stock had a trading volume of 4,236,861 shares, compared to its average volume of 4,275,902. The business’s 50 day moving average price is $92.72 and its 200 day moving average price is $90.04. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $99.85. The company has a market cap of $54.72 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.07. The firm had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period in the prior year, the company earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Research analysts expect that ONEOK, Inc. will post 5.73 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, August 3rd. ONEOK’s payout ratio is currently 73.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OKE shares. Scotiabank upped their target price on ONEOK from $89.00 to $95.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 1st. Morgan Stanley lifted their price objective on shares of ONEOK from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Wednesday, September 9th. Capital One Financial initiated coverage on shares of ONEOK in a research report on Tuesday, September 22nd. They issued an “overweight” rating and a $110.00 price target for the company. Stifel Nicolaus assumed coverage on ONEOK in a report on Thursday, September 10th. They issued a “hold” rating and a $105.00 price target on the stock. Finally, UBS Group set a $93.00 price objective on ONEOK in a research note on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $96.88.

Institutional Trading of ONEOK

A number of institutional investors have recently made changes to their positions in OKE. BlackRock Inc. increased its stake in ONEOK by 8.7% in the second quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock valued at $5,610,887,000 after purchasing an additional 5,148,768 shares during the last quarter. State Street Corp boosted its stake in shares of ONEOK by 5.0% during the second quarter. State Street Corp now owns 43,633,749 shares of the utilities provider’s stock worth $3,793,518,000 after buying an additional 2,059,368 shares during the period. Geode Capital Management LLC increased its position in ONEOK by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock valued at $1,215,107,000 after acquiring an additional 518,746 shares during the period. First Eagle Investment Management LLC lifted its position in ONEOK by 1.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 11,834,827 shares of the utilities provider’s stock worth $1,028,920,000 after acquiring an additional 155,652 shares during the period. Finally, Capital International Investors acquired a new stake in shares of ONEOK in the 4th quarter worth $586,500,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About ONEOK

ONEOK, Inc (NYSE: OKE) is a diversified energy infrastructure company that owns and operates midstream assets in the United States. Its operations connect producers, processors, storage facilities and end-use markets across major energy-producing and consuming regions.

The company’s businesses include natural gas gathering, processing, transportation and storage, as well as natural gas liquids (NGL) gathering, fractionation, storage and transportation. ONEOK also operates infrastructure serving refined products and crude oil markets, including pipelines and terminals.