Kovitz Investment Group Partners LLC Sells 106,342 Shares of ONEOK, Inc. $OKE

Posted by Dante Gardener on Feb 24th, 2026

Kovitz Investment Group Partners LLC lessened its holdings in ONEOK, Inc. (NYSE:OKE – Free Report) by 33.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 210,824 shares of the utilities provider’s stock after selling 106,342 shares during the period. Kovitz Investment Group Partners LLC’s holdings in ONEOK were worth $15,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC grew its stake in ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after purchasing an additional 8,834 shares during the period. Empowered Funds LLC boosted its holdings in shares of ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after buying an additional 137 shares during the last quarter. Acadian Asset Management LLC bought a new position in ONEOK during the first quarter valued at about $216,000. AlphaQuest LLC increased its holdings in ONEOK by 330.4% during the second quarter. AlphaQuest LLC now owns 10,678 shares of the utilities provider’s stock worth $872,000 after buying an additional 8,197 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its position in ONEOK by 13,746.7% in the second quarter. Whipplewood Advisors LLC now owns 2,077 shares of the utilities provider’s stock worth $170,000 after acquiring an additional 2,062 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

Positive Sentiment: Q4 EPS beat — ONEOK reported $1.55 EPS vs. the Zacks/Street consensus of $1.48, showing the quarter outperformed expectations. Oneok Inc. (OKE) Q4 Earnings Surpass Estimates
Positive Sentiment: Full‑year 2025 results showed improvement — net income rose ~11% and adjusted EBITDA increased ~18%, supporting cash flow and dividend coverage narratives for a midstream utility. ONEOK Announces Higher Full-Year 2025 Earnings
Positive Sentiment: Revenue beat — Q4 revenue came in around $9.06–9.07B versus ~ $8.77B expected, indicating stronger midstream volumes or commercial performance for the period. ONEOK Announces Higher Full-Year 2025 Earnings (Yahoo)
Neutral Sentiment: Valuation view — analysts and commentators note the stock has rallied this year but still trades at reasonable multiples versus history and peers, which may limit downside if growth continues. A Look At ONEOK’s (OKE) Valuation After Its Recent Share Price Rally
Negative Sentiment: FY‑2026 EPS guidance below consensus — management set guidance of $5.040–$5.870 vs. the Street near $5.83, leaving the midpoint slightly below expectations and introducing short‑term growth uncertainty. ONEOK Announces Guidance
Negative Sentiment: Divestiture impact — management and Reuters note a prior 2024 interstate pipeline divestiture materially reduced natural-gas transportation segment earnings in Q4, a one‑time structural effect that trimmed profit. ONEOK quarterly profit falls as pipeline divestiture impacts gas segment earnings

ONEOK Trading Up 0.2%

NYSE:OKE opened at $87.53 on Tuesday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $103.64. The stock’s fifty day moving average price is $77.29 and its two-hundred day moving average price is $73.73. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.75. The company has a market cap of $55.08 billion, a P/E ratio of 16.09, a P/E/G ratio of 4.90 and a beta of 0.96.

ONEOK (NYSE:OKE – Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same period in the previous year, the company posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. ONEOK’s payout ratio is currently 78.68%.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of research reports. Citigroup reduced their target price on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, October 31st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $72.00 price objective on shares of ONEOK in a research note on Monday, November 3rd. UBS Group decreased their target price on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Scotiabank reaffirmed an “outperform” rating and set a $91.00 price target on shares of ONEOK in a research report on Friday, January 16th. Finally, Argus upgraded ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Thursday, November 6th. Seven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, ONEOK has a consensus rating of “Hold” and a consensus price target of $86.27.

View Our Latest Stock Report on OKE

ONEOK Profile

(Free Report)

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.