Carnegie Investment Counsel 13F: New $1.7M Stake in ONEOK (OKE)

Carnegie Investment Counsel bought a new stake in ONEOK, Inc. (OKE), picking up 20,165 shares valued at about $1.72 million. The fund revealed the investment in a Form 13F filed with the Securities and Exchange Commission on October 20, 2026.

OKE ONEOK, Inc.

$93.12 ▲ +30.04% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Carnegie Investment Counsel's ONEOK Position

The newly acquired holding gives the fund an initial position of 20,165 shares in the oil and gas midstream company. Because this is a brand-new position for the fund, it represents an entirely fresh allocation to the company.

Other Institutional Activity in ONEOK

Other fund managers have also adjusted their positions in the pipeline operator recently. Concurrent Investment Advisors initiated a new stake, acquiring 198,034 shares worth about $16.9 million. Frank, Rimerman Advisors also started a new position, picking up 17,648 shares valued at about $1.5 million. On the selling side, Goelzer Investment Management fully exited its position by selling all 4,034 shares. Cyndeo Wealth Partners closed out its holdings by unloading 123,497 shares, and First Citizens Bank & Trust sold its entire stake of 45,556 shares.

ONEOK, Inc. Stock Down 1.8%

ONEOK shares recently traded around $92.85 as of October 22, 2026. That price is equal to the close of $92.85 on the filing date of October 20, 2026. The stock trades about 7.0% below its 52-week high of $99.85 and about 45.0% above its 52-week low of $64.02. It also sits roughly 5.8% above its 200-day moving average of $87.74.

Recent Earnings

The company reported trailing twelve-month revenue of $39.37 billion and earnings of $5.73 per share. Its net profit margin stands at 9.3% with a return on equity of 16.3%. The next earnings report is scheduled for October 27, 2026.

Dividend

ONEOK rewards shareholders with an annual dividend rate of $4.28 per share. This payout translates to a dividend yield of 4.63% based on recent share levels. The company funds this distribution through a dividend payout ratio of 72.5%, leaving a solid portion of earnings retained to support its midstream infrastructure projects.

Insider Buying and Selling at ONEOK, Inc.

Director Brian Lloyd Derksen bought 2,500 shares at a price of $66.00 per share on November 3, 2025, for a total value of $165,000.

Analysts Set New Price Targets

Wall Street analysts have frequently updated their views on the stock. Jefferies maintained a hold rating and raised its target from $95.00 to $105.00 on September 2, 2026. Citigroup maintained a buy rating and lifted its target from $97.00 to $108.00 on September 3, 2026. Morgan Stanley maintained an equal-weight rating and raised its target from $105.00 to $112.00 on September 9, 2026. TD Cowen maintained a hold rating while bumping its target from $90.00 to $93.00 on September 11, 2026. JP Morgan maintained a neutral rating and adjusted its target from $106.00 to $100.00 on October 6, 2026. Overall, the stock holds a consensus buy rating from 20 analysts with a mean price target of $100.65.

About ONEOK

ONEOK operates as a midstream service provider handling gathering, processing, fractionation, transportation, storage, and marine export services for energy products across the United States. Its operations span four main segments covering natural gas, natural gas liquids, pipelines, and refined products.

Bottom Line

Investors are keeping an eye on the upcoming earnings release scheduled for October 27, 2026, for fresh details on financial health. Watch for further institutional disclosures to see how other large investors position themselves in the stock.