Commerce Bank Invests $14.93 Million in ONEOK, Inc. $OKE

Posted by Geri Gentry on Aug 23rd, 2026

Commerce Bank purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 171,743 shares of the utilities provider’s stock, valued at approximately $14,931,000.

Several other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of ONEOK in the 2nd quarter valued at about $9,033,000. Varma Mutual Pension Insurance Co bought a new stake in shares of ONEOK during the second quarter worth approximately $15,855,000. Korea Investment CORP bought a new stake in shares of ONEOK during the second quarter worth approximately $35,550,000. EP Wealth Advisors LLC acquired a new position in ONEOK in the second quarter valued at approximately $2,681,000. Finally, Rakuten Securities Inc. bought a new position in ONEOK in the second quarter valued at approximately $39,000. Institutional investors own 69.13% of the company’s stock.

ONEOK News Summary

Here are the key news stories impacting ONEOK this week:

Positive Sentiment: US Capital Advisors raised its EPS forecasts across multiple periods, including Q3 2026 to $1.56 from $1.45, FY2026 to $5.90 from $5.67, FY2027 to $6.36 from $6.12, and FY2028 to $7.22 from $6.97. The firm’s FY2026 estimate is above the $5.82 analyst consensus, suggesting stronger expected operating performance. MarketBeat ONEOK analyst estimates
Positive Sentiment: The revisions also lifted forecasts for Q1 through Q4 2027, indicating that US Capital Advisors expects ONEOK’s earnings growth to continue beyond 2026.
Positive Sentiment: Recent commentary describes ONEOK as a high-yield pipeline stock whose ongoing strength may be underestimated by investors, supporting the long-term income and growth narrative. High-Yield Pipeline Stock Investors Keep Underestimating
Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” rating for OKE, while Morgan Stanley has indicated that the stock could rise. These views provide support but do not represent new company-specific operating results. ONEOK Consensus Rating Morgan Stanley ONEOK Price Outlook
Negative Sentiment: US Capital Advisors downgraded ONEOK from “Strong Buy” to “Moderate Buy.” Although the firm raised its earnings estimates, the less-optimistic rating may be pressuring the stock today, particularly after OKE’s recent strong run toward its 52-week high. Zacks ONEOK rating update

ONEOK Stock Down 1.2%

Shares of NYSE OKE opened at $93.43 on Friday. The stock has a market cap of $58.90 billion, a P/E ratio of 16.11, a P/E/G ratio of 2.60 and a beta of 0.73. The firm has a 50 day moving average price of $90.09 and a 200 day moving average price of $88.20. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $97.90.

ONEOK (NYSE:OKE – Get Free Report) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.46 by $0.07. The firm had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same quarter in the prior year, the firm earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Analysts expect that ONEOK, Inc. will post 5.84 EPS for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a $1.07 dividend. The ex-dividend date was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. ONEOK’s dividend payout ratio is currently 73.79%.

Analyst Upgrades and Downgrades

A number of analysts have commented on OKE shares. US Capital Advisors lowered shares of ONEOK from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday. Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. Weiss Ratings restated a “buy (b-)” rating on shares of ONEOK in a research report on Thursday, August 13th. Citigroup lifted their price objective on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada upped their price objective on ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.94.

Get Our Latest Stock Report on ONEOK

ONEOK Profile

(Free Report)

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.