Frank, Rimerman Advisors 13F: New $1.5M Stake in ONEOK (OKE)

Frank, Rimerman Advisors has opened a new position in ONEOK, Inc. (NYSE: OKE), acquiring 17,648 shares valued at approximately $1.5 million in a filing on October 16, 2026.

What Changed in Frank, Rimerman Advisors' ONEOK Position

Frank, Rimerman Advisors disclosed that it took a new stake in ONEOK, increasing its holdings to 17,648 shares. This move represents the firm's first investment in the company as reflected in the latest report.

Other Institutional Activity in ONEOK

Concurrent Investment Advisors has also initiated a new position in ONEOK, acquiring 198,034 shares worth about $16.9 million. Meanwhile, Goelzer Investment Management and Cyndeo Wealth Partners fully exited their positions, selling 4,034 and their entire stakes respectively, indicating a shift in strategy among some investors.

ONEOK, Inc. Stock Up 2.8%

ONEOK shares are currently trading around $93.16, which is above their 50-day moving average of $92.39 and their 200-day average of $87.55. However, they are about 6.7% below the 52-week high of $99.85. The stock is also 45.5% above its 52-week low of $64.02, but it currently trades below the mean price target of $100.55 set by analysts.

Recent Earnings

In the year ending with its most recent earnings report, ONEOK recorded trailing twelve-month revenue of approximately $39.4 billion and an earnings per share (EPS) of $5.79. The company has shown strong growth, boasting a revenue growth of 52.8% year-over-year. Its next earnings report is scheduled for October 27, 2026.

Dividend

ONEOK pays an annual dividend of $4.28 per share, which corresponds to a yield of 4.72%. The dividend payout ratio stands at 72.5%, indicating a consistent return to shareholders.

Insider Buying and Selling at ONEOK, Inc.

On November 3, 2025, Director Brian Lloyd Derksen bought 2,500 shares at an average price of $66.00, totaling a value of $165,000. This transaction was not part of a planned trading strategy.

Analysts Set New Price Targets

Analysts have maintained their ratings on ONEOK, with Jefferies keeping a "Hold" rating and a target of $105.00 on September 2, 2026. Citigroup maintained a "Buy" rating with a target of $108.00 on September 3, 2026. The consensus among analysts suggests a favorable outlook, with a mean price target of $100.55 from 20 opinions.

About ONEOK

ONEOK, Inc. operates as a midstream service provider in the energy sector, focusing on gathering, processing, fractionation, transport, and storage of natural gas and liquids. The company is split into four main segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude. This new investment by Frank, Rimerman Advisors highlights ongoing interest in ONEOK amidst a dynamic energy market.

Bottom Line

Investors will be watching ONEOK closely as it reports earnings on October 27, 2026, and as more institutional holdings are revealed in future filings. Keep in mind, filings reflect positions as of the reporting period and may not represent the current holdings of investors.