Goelzer Investment Management 13F: Exits ONEOK (OKE) Stake

Goelzer Investment Management has fully exited its position in ONEOK, Inc. (NYSE: OKE), selling all 4,034 shares in a filing on October 16, 2026. This move marks a complete sellout, reflecting a 100% decrease in their holdings.

Other Institutional Activity in ONEOK, Inc.

Other significant players in ONEOK include Blackrock Inc., which grew its holdings by 5,148,982 shares, ending with approximately 64.5 million shares worth about $6.02 billion. State Street Corporation increased its stake by 2,058,000 shares, bringing its total to about 43.6 million shares valued at around $4.07 billion. Vanguard Capital Management LLC added 245,205 shares, totaling approximately 41.1 million shares valued at about $3.84 billion. Vanguard Portfolio Management LLC and Charles Schwab Investment Management, Inc. also reported slight increases, showing continued interest in ONEOK despite Goelzer's exit.

ONEOK, Inc. Stock Up 2.8%

As of October 16, 2026, the shares of ONEOK were recently trading around $93.16. This price is notable considering the company has a trailing twelve-month revenue of $39.37 billion and an earnings per share of $5.79. The stock's recent performance is crucial as it comes just before the next earnings report due on October 27, 2026.

Recent Earnings

ONEOK's trailing twelve-month revenue stands at $39.37 billion, with an earnings per share of $5.79. The company achieved a year-over-year revenue growth of 52.8% and maintains a net margin of 9.3% with a return on equity (ROE) of 16.3%. The upcoming earnings release is anticipated on October 27, 2026.

Insider Buying and Selling at ONEOK, Inc.

In recent insider activity, Brian Lloyd Derksen, a Director at ONEOK, purchased 2,500 shares at an average price of $66.00 on November 3, 2025, worth a total of $165,000. This transaction occurred before Goelzer's sellout but highlights ongoing investment within the company despite the recent institutional exits.

Analysts Set New Price Targets

Analysts have maintained various ratings for ONEOK. On September 2, 2026, Jefferies maintained a 'Hold' rating with a price target of $105. Citigroup also maintained a 'Buy' rating with a target of $108 on September 3, 2026. Morgan Stanley followed suit with an 'Equal-Weight' rating and a price target of $112 on September 9, 2026. The overall analyst consensus suggests a cautiously optimistic view with a mean price target yet to be detailed.

About ONEOK, Inc.

ONEOK, Inc. operates as a midstream service provider in the energy industry, focusing on natural gas and liquid services in the U.S. The company offers gathering, processing, transportation, storage, and marine export services across four segments. This strategic role makes it vital in energy supply chains, influencing its market performance amid fluctuating investor interests.

Bottom Line

As the market watches for the next earnings release on October 27, 2026, Goelzer Investment Management's exit from ONEOK signals a shift in institutional sentiment, contrasting with continued buying from other significant holders. Keep an eye on upcoming filings as these can further indicate investor behavior and market trends. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.