True North Advisors 13F: New $623K Stake in ONEOK (OKE)

True North Advisors opened a new position in ONEOK, Inc. OKE by purchasing 7,312 shares, according to a Form 13F filing with the SEC on October 22, 2026. The newly acquired stake carried a reported value of about $623,494.

OKE ONEOK, Inc.

$93.95 ▲ +31.20% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in True North Advisors's ONEOK Position

True North Advisors started a brand-new holding in the energy infrastructure company during the period, picking up 7,312 shares. Because this is a fresh investment, the firm held zero shares prior to this filing. The reported value of the block stood at $623,494.

Other Institutional Activity in ONEOK

Other fund managers made notable adjustments to their holdings in the energy provider. Concurrent Investment Advisors picked up 198,034 shares, ending with 198,034 shares worth about $16,886,338. Cyndeo Wealth Partners closed out its holdings entirely, selling all 123,497 shares to leave its stake at zero. Frank, Rimerman Advisors added a new stake of 17,648 shares valued at approximately $1,504,845. First Citizens Bank & Trust also sold out its entire position, unloading all 45,556 shares. Meanwhile, Clearbridge Investments grew its holdings by 477,390 shares, finishing with 4,912,420 shares worth about $435,879,043.

ONEOK, Inc. Stock Down 1.6%

Shares of ONEOK recently traded around $91.61, sitting below the closing price of $93.95 recorded on the filing date of October 22, 2026. The stock trades below its 50-day moving average of $92.61, but remains above its 200-day moving average of $87.74. The company has a 52-week high of $99.85 and a 52-week low of $64.02, with a trailing P/E ratio of 16.13.

Recent Earnings

ONEOK reported trailing twelve month revenue of $39.37 billion alongside earnings of $5.73 per share. The company posted a net profit margin of 9.3% and a return on equity of 16.3%. Investors look toward the next earnings report scheduled for October 27, 2026.

Dividend

The company distributes an annual dividend rate of $4.28 per share, which translates to a dividend yield of 4.63%. Dividend payouts consume roughly 72.5% of earnings based on recent figures.

Insider Buying and Selling at ONEOK, Inc.

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

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. Citigroup maintained a Buy rating on September 3, 2026, while raising its price target to $108.00 from $97.00. Morgan Stanley kept an Equal-Weight rating on September 9, 2026, lifting its target to $112.00 from $105.00. TD Cowen maintained a Hold rating on September 11, 2026, adjusting its target to $93.00 from $90.00. JP Morgan kept a Neutral rating on October 6, 2026, lowering its target to $100.00 from $106.00. RBC Capital maintained a Sector Perform rating on October 21, 2026, moving its target to $96.00 from $90.00. Overall, the stock carries a consensus buy rating and a mean price target of $100.65 across 20 analyst opinions.

About ONEOK

Based in Tulsa, Oklahoma, ONEOK operates as a midstream service provider in the energy sector. The firm handles the gathering, processing, fractionation, transportation, storage, and marine export of natural gas, natural gas liquids, refined products, and crude oil across four core segments. Institutional interest in the firm continues to shift as midstream operators navigate shifting commodity markets and infrastructure demands.

Bottom Line

True North Advisors joins a mix of institutional managers adjusting their exposure to ONEOK. Investors will look closely at the upcoming earnings report on October 27, 2026, for further clues on profitability and cash flow generation.