Rep. Kevin Hern Sells Shares of ONEOK, Inc. (NYSE:OKE)

Key Points

• Rep. Kevin Hern sold $50,001–$100,000 of ONEOK stock on August 31 through the Hern Family Foundation account. He also disclosed sales of several other stocks, including CenterPoint Energy, TJX Companies, STERIS, and NextEra Energy.
• ONEOK reported quarterly EPS of $1.53, beating estimates of $1.46, on revenue of $12.05 billion. The company pays a quarterly dividend of $1.07 per share, representing a 4.8% annualized yield.
• Analysts maintain a generally neutral view, with ONEOK carrying a consensus “Hold” rating and an average price target of $96.88. Institutional investors own approximately 69.13% of the company.

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 Stock Performance

Shares of OKE opened at $88.73 on Tuesday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $99.85. The company's 50 day simple moving average is $92.72 and its 200 day simple moving average is $90.04. 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 debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating 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 company had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. During the same period in the previous year, the firm posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, sell-side analysts predict that ONEOK, Inc. will post 5.73 EPS for the current year.

ONEOK Announces Dividend

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 dividend yield of 4.8%. ONEOK's dividend payout ratio is presently 73.79%.

Institutional Investors Weigh In On ONEOK

Several hedge funds have recently modified their holdings of the stock. Capital International Investors acquired a new position in ONEOK in the 4th quarter worth $586,500,000. Norges Bank acquired a new stake in shares of ONEOK during the fourth quarter valued at about $564,867,000. BlackRock Inc. increased its position in shares of ONEOK by 8.7% during the second quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider's stock worth $5,610,887,000 after acquiring an additional 5,148,768 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of ONEOK during the second quarter worth about $389,985,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of ONEOK in the second quarter worth about $335,958,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on OKE. TD Cowen upped their target price on ONEOK from $90.00 to $93.00 and gave the company a "hold" rating in a research note on Friday, September 11th. Wall Street Zen upgraded ONEOK from a "sell" rating to a "hold" rating in a report on Sunday, August 9th. JPMorgan Chase & Co. upped their price objective on shares of ONEOK from $95.00 to $106.00 and gave the company a "neutral" rating in a research note on Tuesday, September 1st. Weiss Ratings upgraded shares of ONEOK from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 31st. Finally, US Capital Advisors cut shares of ONEOK from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, August 20th. One equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $96.88.

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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