Verity & Verity 13F: Cuts ONEOK (OKE) Stake by $2.1M

Verity & Verity cut its investment in ONEOK, Inc. (NYSE:OKE) during the quarter, according to a Form 13F filed with the SEC on October 23, 2026. The firm unloaded 25,206 shares of the oil and gas midstream company, reducing its holdings by 7.8%.

OKE ONEOK, Inc.

$95.83 ▲ +33.82% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Verity & Verity's ONEOK Position

The adjustment left Verity & Verity with 296,741 shares of ONEOK at the close of the period. The remaining stake carried a reported market value of $25,303,105, down from its previous holdings of 321,947 shares.

Other Institutional Activity in ONEOK

Other institutional players made significant adjustments to their ONEOK portfolios during the filing window. Sumitomo Mitsui DS Asset Management Company completely exited its position, selling all 103,355 shares to drop its holdings to zero. Goelzer Investment Management also closed out its stake by selling all 4,034 shares. True North Advisors established a new footprint in the company by picking up 7,312 shares worth approximately $623,494. Meanwhile, Retirement Investment Advisors sold off its entire holding of 13,356 shares, and Royal Fund Management liquidated its entire block of 80,298 shares.

ONEOK, Inc. Stock Up 2.9%

ONEOK shares closed at $95.83 on the October 23 filing date and held near that level shortly after. The stock trades above its 50-day moving average of $92.73 and sits comfortably above its 200-day moving average of $88.04. Shares have traded between a 52-week low of $64.02 and a 52-week high of $99.85.

Recent Earnings

ONEOK reported $39.4 billion in trailing twelve-month revenue alongside earnings of $5.84 per share. The company posted a net profit margin of 9.3% and a return on equity of 16.3%. Its next quarterly financial update is scheduled for release on October 27, 2026.

Dividend

ONEOK pays an annual dividend of $4.28 per share, which translates to a dividend yield of 4.56%. The company distributes 72.5% of its earnings to shareholders through dividends.

Insider Buying and Selling at ONEOK, Inc.

Director Brian Lloyd Derksen purchased 2,500 shares of ONEOK stock on November 3, 2025, at a price of $66.00 per share, bringing the total transaction value to $165,000.

Analysts Set New Price Targets

Citigroup maintained a Buy rating on the stock on September 3, 2026, raising its price target from $97.00 to $108.00. Morgan Stanley maintained an Equal-Weight rating on September 9, 2026, lifting its target from $105.00 to $112.00. TD Cowen maintained a Hold rating on September 11, 2026, moving its target from $90.00 to $93.00. JP Morgan maintained a Neutral rating on October 6, 2026, adjusting its target down from $106.00 to $100.00. RBC Capital maintained a Sector Perform rating on October 21, 2026, raising its target from $90.00 to $96.00. Overall, the stock carries a consensus buy rating and a mean price target of $101.10 across 20 analyst opinions.

About ONEOK

ONEOK, Inc. operates as a major midstream service provider in the United States, managing infrastructure that gathers, processes, fractionates, transports, stores, and exports natural gas and natural gas liquids. Headquartered in Tulsa, Oklahoma, the company handles energy commodities through four main operating segments spanning gathering, processing, pipelines, and refined products.

Bottom Line

Investors will look closely at ONEOK's upcoming earnings report on October 27, 2026, to gauge whether midstream operational growth matches institutional expectations. Monitoring subsequent 13F filings will clarify if broader institutional selling or buying sets the tone for the rest of the year.