CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Cuts OKE Stake by $2.2M

Cushing Asset Management trimmed its position in ONEOK, Inc. by 26,000 shares, reducing its total holdings to 959,900 shares. This change, valued at about $2.22 million, was disclosed in a filing on October 26, 2026, with the SEC.

OKE ONEOK, Inc.

$96.36 ▲ +34.56% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where ONEOK Fits in Cushing Asset Management's Portfolio

Cushing Asset Management's stake in ONEOK now accounts for 5.78% of its total reported value of $1.42 billion, ranking sixth among its 73 reported positions.

Other Institutional Activity in ONEOK

Ag2R la Mondiale Gestion D'Actifs opened a new position with 109,408 shares valued at about $9.33 million. Verity & Verity reduced its holdings by 25,206 shares, ending with 296,741 shares worth approximately $25.3 million. True North Advisors increased its stake by 7,312 shares, bringing its total to 7,312 shares valued at about $623,494.

ONEOK, Inc. Stock Up 0.6%

ONEOK shares closed at $96.36 on October 26, 2026, which is about equal to their recent trading price. The stock has been trading above its 50-day moving average by about 3.8% and above its 200-day average by about 9.1%.

Recent Earnings

ONEOK reported trailing twelve-month revenue of approximately $39.37 billion and an EPS of $5.79. The next earnings report is scheduled for October 27, 2026.

Dividend

ONEOK pays an annual dividend of $4.28 per share, translating to a yield of about 4.44%. The payout ratio stands at 72.5%.

Insider Buying and Selling at ONEOK, Inc.

Brian Lloyd Derksen, a Director at ONEOK, bought 2,500 shares on November 3, 2025, at an average price of $66.00, totaling $165,000.

Analysts Set New Price Targets

On September 3, 2026, Citigroup maintained a Buy rating on ONEOK with a price target of $108.00, up from $97.00. Morgan Stanley also maintained an Equal-Weight rating with a target of $112.00, increased from $105.00. The consensus recommendation is a Buy with a mean target price of $101.10 from 20 analysts.

About ONEOK

ONEOK, Inc. operates as a midstream service provider in the energy sector, focusing on gathering, processing, and transporting natural gas and other products across the United States. Its recent activities reflect ongoing adjustments in its investment strategies.

Bottom Line

Investors should watch for ONEOK's upcoming earnings report on October 27, 2026, for further insights into its performance. Cushing Asset Management's recent trim in ONEOK shares highlights its ongoing portfolio management strategy.