Rep. Kevin Hern (R-OK) Sells ONEOK (OKE) Stock

Oklahoma Congressman Kevin Hern sold shares of ONEOK, Inc. (NYSE: OKE) valued between $15,001 and $50,000 on September 4, 2026. This transaction was reported on September 25, 2026. The shares were trading at $93.16 at the time of the sale.

Inside Kevin Hern's Trade

Hern's sale reflects a continued engagement in stock trading, as he navigates his financial interests while serving in the House of Representatives. The reported value of Hern's recent transaction suggests he is adjusting his portfolio amid a strong performance in the energy sector, where ONEOK operates.

Other Institutional Activity in ONEOK

Several other institutional investors have been active in ONEOK recently. Blackrock Inc. grew its holdings by 5,148,982 shares, ending with 64,537,467 shares worth about $6.02 billion. State Street Corporation added 2,058,000 shares, bringing its total to 43,633,749 shares valued at approximately $4.07 billion. Vanguard Capital Management LLC increased its stake by 245,205 shares, reaching a total of 41,112,675 shares worth about $3.84 billion.

ONEOK, Inc. Stock Up 2.8%

ONEOK's shares closed at $93.16 on the day of Hern's sale, slightly below its previous close of $93.46. The stock has fluctuated between a 52-week low of $64.02 and a high of $99.85. Such price movements indicate a generally strong performance, though the stock is currently trading close to its 50-day moving average of $92.91.

Recent Earnings

ONEOK reported revenue of approximately $39.37 billion with a revenue growth of 52.8% recently. The company has a net margin of about 9.29% and an ROE of 16.28%. The next earnings date is scheduled for October 27, 2026.

Dividend

ONEOK pays an annual dividend rate of $4.28, translating to a yield of 4.58% based on current prices. The dividend payout ratio stands at 72.54%.

Analysts Set New Price Targets

On September 3, 2026, Citigroup maintained a rating of "Buy" on ONEOK with a price target of $108.00. Other firms like JP Morgan and TD Cowen also maintained their ratings, with targets of $100.00 and $93.00 respectively. The consensus recommendation for ONEOK is to "buy," with a mean price target of about $101.05 based on 19 analyst opinions.

About ONEOK, Inc.

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. The company's operations are crucial for energy supply, making it significant for the economies of regions like Hern's district in Oklahoma, where energy production plays a vital role in the local economy.

Bottom Line

As ONEOK prepares for its upcoming earnings report on October 27, 2026, investors will be watching closely for any changes in the company's financial health after Hern's stock trade. The recent trading activity reflects both Hern's financial adjustments and the ongoing interest in ONEOK among larger institutional investors. Remember, Hern’s sale is based on a reported transaction and does not necessarily indicate a shift in ONEOK’s market position.