Rep. Dan Newhouse Purchases Shares of ONEOK, Inc. (NYSE:OKE)

Key Points

• Representative Dan Newhouse purchased shares of ONEOK, Inc. (NYSE:OKE) valued between $1,001 and $15,000 on August 18, 2025, as disclosed in a filing on September 17th.
• ONEOK's stock has recently seen a decrease of 1.2% and opened at $73.01, with a year-to-date low of $70.63 and a high of $118.07.
• The company announced a quarterly dividend of $1.03 per share, yielding approximately 5.6%, with an 80.31% payout ratio.

Representative Dan Newhouse (R-Washington) recently bought shares of ONEOK, Inc. NYSE: OKE. In a filing disclosed on September 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in ONEOK stock on August 18th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of RTX NYSE: RTX on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of General Mills NYSE: GIS on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Ross Stores NASDAQ: ROST on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Brown & Brown NYSE: BRO on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of AMETEK NYSE: AME on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of S&P Global NYSE: SPGI on 8/18/2025.

ONEOK Stock Down 1.2%

OKE stock opened at $73.01 on Tuesday. ONEOK, Inc. has a fifty-two week low of $70.63 and a fifty-two week high of $118.07. The business's 50 day moving average price is $75.38 and its two-hundred day moving average price is $81.57. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market capitalization of $45.98 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.81 and a beta of 1.04.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The utilities provider reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.01. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.The firm had revenue of $8.21 billion for the quarter, compared to analysts' expectations of $7.20 billion. During the same period in the previous year, the firm posted $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 1st were issued a dividend of $1.03 per share. The ex-dividend date was Friday, August 1st. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.6%. ONEOK's dividend payout ratio is 80.31%.

Institutional Investors Weigh In On ONEOK

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Summit Financial Wealth Advisors LLC increased its stake in shares of ONEOK by 2,352.7% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 92,051 shares of the utilities provider's stock worth $7,514,000 after purchasing an additional 88,298 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of ONEOK by 13.7% in the 2nd quarter. Corient Private Wealth LLC now owns 193,495 shares of the utilities provider's stock worth $15,795,000 after purchasing an additional 23,330 shares in the last quarter. Caldwell Trust Co purchased a new stake in shares of ONEOK in the 2nd quarter worth $299,000. Valeo Financial Advisors LLC increased its stake in shares of ONEOK by 59.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 11,305 shares of the utilities provider's stock worth $923,000 after purchasing an additional 4,217 shares in the last quarter. Finally, Alternative Investment Advisors LLC. increased its stake in shares of ONEOK by 1.2% in the 2nd quarter. Alternative Investment Advisors LLC. now owns 12,479 shares of the utilities provider's stock worth $1,019,000 after purchasing an additional 148 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OKE has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their price target on ONEOK from $94.00 to $88.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their price target on ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Raymond James Financial reissued an "outperform" rating on shares of ONEOK in a research report on Friday, August 1st. Mizuho dropped their price target on ONEOK from $87.00 to $82.00 and set a "neutral" rating on the stock in a research report on Friday, August 29th. Finally, TD Cowen initiated coverage on ONEOK in a research report on Monday, July 7th. They issued a "hold" rating and a $91.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $100.60.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

About ONEOK

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.

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