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

Key Points

• Rep. Kevin Hern sold $15,001–$50,000 of ONEOK shares on September 4 from the HERN FAMILY REVOCABLE TRUST; he also reported selling positions in several other companies.
• ONEOK reported quarterly EPS of $1.53, beating the $1.46 consensus estimate, while revenue reached $12.05 billion. The company declared a quarterly dividend of $1.07 per share, equivalent to a 4.8% annualized yield.
• Analysts have a consensus “Hold” rating on ONEOK, with an average price target of $96.88, compared with the stock’s reported opening price of $88.73.

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 $15,001 and $50,000 in ONEOK stock on September 4th. The trade occurred in the Representative's "HERN FAMILY REVOCABLE TRUST" 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 ONEOK stock opened at $88.73 on Tuesday. The company has a market capitalization of $55.93 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 2.52 and a beta of 0.74. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. The stock's 50-day simple moving average is $92.72 and its 200-day simple moving average is $90.04. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $99.85.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The firm had revenue of $12.05 billion during the quarter, compared to analysts' expectations of $8.95 billion. During the same quarter last year, the business posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.73 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. ONEOK's dividend payout ratio (DPR) is currently 73.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OKE. UBS Group set a $93.00 price target on shares of ONEOK in a report on Friday, September 11th. TD Cowen increased their price objective on shares of ONEOK from $90.00 to $93.00 and gave the company a "hold" rating in a report on Friday, September 11th. Truist Financial raised their price objective on ONEOK from $93.00 to $104.00 and gave the company a "hold" rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada boosted their target price on ONEOK from $84.00 to $90.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 21st. Finally, US Capital Advisors lowered ONEOK from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $96.88.

Hedge Funds Weigh In On ONEOK

A number of institutional investors have recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. bought a new position in shares of ONEOK during the 2nd quarter worth $28,000. Portus Wealth Advisors LLC purchased a new stake in ONEOK in the first quarter worth about $33,000. Transamerica Financial Advisors LLC raised its holdings in shares of ONEOK by 69.6% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 149 shares in the last quarter. Wilkerson Advisory Group LLC lifted its position in shares of ONEOK by 51.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider's stock worth $35,000 after purchasing an additional 133 shares during the period. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of ONEOK in the 4th quarter worth approximately $29,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

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.

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