Highland Capital Management 13F: Exits ONEOK (OKE) Stake

Highland Capital Management sold out of its entire position in ONEOK, Inc. (OKE) on October 26, 2026. This move was disclosed in the fund's latest Form 13F filing 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 Highland Capital Management's Portfolio

Highland Capital Management's reported value was approximately $833 million, with this position representing a notable 0% of its total holdings after the sale. The exit marks a significant change, as the firm previously held 37,360 shares, resulting in a 100% decrease in their stake.

Other Institutional Activity in ONEOK

Several other funds have also adjusted their positions in ONEOK recently. Verity & Verity reduced its holdings by 25,206 shares, ending with 296,741 shares worth about $25.3 million. Retirement Investment Advisors and Royal Fund Management both sold out of their positions entirely, with reductions of 13,356 shares and 80,298 shares, respectively. Meanwhile, Ag2R la Mondiale Gestion D'Actifs opened a new position, acquiring 109,408 shares valued at around $9.3 million.

ONEOK, Inc. Stock Up 0.6%

As of October 27, 2026, ONEOK shares were trading around $96.36. This price is about equal to its closing price on October 26, 2026. The stock is above its 50-day moving average by 3.8% and its 200-day moving average by 9.1%. However, it is about 3.5% below its 52-week high of $99.85.

Recent Earnings

ONEOK recently reported trailing twelve-month revenue of approximately $39.37 billion, with an EPS of $5.79. The next earnings report is scheduled for October 27, 2026, which will provide further insights into the company's financial health.

Dividend

ONEOK pays an annual dividend of $4.28 per share, translating to a dividend yield of about 4.44%. This yield reflects the company's commitment to returning value to shareholders.

Insider Buying and Selling at ONEOK, Inc.

In a recent insider transaction, Director Brian Lloyd Derksen bought 2,500 shares of ONEOK on November 3, 2025, at an average price of $66.00, totaling $165,000. This purchase indicates ongoing confidence from insiders despite the recent sell-off by Highland Capital Management.

Analysts Set New Price Targets

On October 21, 2026, RBC Capital maintained a Sector Perform rating with a price target of $96.00 for ONEOK. Meanwhile, JP Morgan maintained a Neutral rating with a target of $100.00, reflecting a cautious outlook among analysts. The consensus rating for ONEOK is a buy, with a mean target price of $101.1 based on 20 analyst opinions.

About ONEOK

ONEOK, Inc. operates as a midstream service provider in the energy sector, focusing on gathering, processing, transporting, and storing natural gas and natural gas liquids. The company's operations are essential for energy distribution in the United States, making its stock movements significant for investors.

Bottom Line

Investors should keep an eye on ONEOK's upcoming earnings report on October 27, 2026, to assess its performance in the current market landscape. Highland Capital Management's exit from this position may signal changes in investment strategies, and the market's reaction will be worth monitoring.