ONEOK (NYSE:OKE) Stock 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

ONEOK stock traded down $1.81 during midday trading on Tuesday, reaching $86.81. 4,266,243 shares of the stock were exchanged, compared to its average volume of 4,275,917. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $99.85. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The firm has a market cap of $54.72 billion, a PE ratio of 14.97, a PEG ratio of 2.52 and a beta of 0.74. The company’s fifty day moving average is $92.62 and its 200-day moving average is $90.05.

ONEOK (NYSE:OKE) last posted its quarterly earnings data 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 company had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same quarter last year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.73 EPS for the current year.

ONEOK Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on OKE shares. Truist Financial lifted their target price on shares of ONEOK from $93.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, September 2nd. Citigroup raised their price objective on shares of ONEOK from $97.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Jefferies Financial Group increased their target price on ONEOK from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Wednesday, September 2nd. Scotiabank raised their price target on ONEOK from $89.00 to $95.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 1st. Finally, Weiss Ratings raised ONEOK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and a consensus price target of $96.88.

Hedge Funds Weigh In On ONEOK

Large investors have recently added to or reduced their stakes in the business. Saudi Central Bank lifted its position in ONEOK by 89.9% in the second quarter. Saudi Central Bank now owns 44,102 shares of the utilities provider’s stock valued at $3,834,000 after purchasing an additional 20,876 shares during the last quarter. Empowered Funds LLC increased its stake in shares of ONEOK by 21.8% in the second quarter. Empowered Funds LLC now owns 73,242 shares of the utilities provider’s stock worth $6,368,000 after buying an additional 13,103 shares during the period. Matrix Trust Co bought a new stake in ONEOK during the 2nd quarter valued at $1,245,000. The Manufacturers Life Insurance Company raised its holdings in ONEOK by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 798,176 shares of the utilities provider’s stock valued at $69,393,000 after buying an additional 15,796 shares during the last quarter. Finally, ABC Arbitrage SA grew its holdings in ONEOK by 59.7% in the 1st quarter. ABC Arbitrage SA now owns 31,389 shares of the utilities provider’s stock worth $2,837,000 after acquiring an additional 11,740 shares during the last quarter. Hedge funds and other institutional investors 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.

ONEOK Company Profile

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.