ONEOK (OKE) rises 3.8% as energy macro tailwinds and dividend-backed midstream narrative draw buyers

ONEOK, Inc. (OKE) is up 3.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a renewed bid for U.S. energy infrastructure names amid heightened focus on oil and natural-gas-driven inflation dynamics, which can boost investor interest in fee-based midstream cash flows. Investors may also be revisiting ONEOK’s recently reiterated 2026 outlook and dividend increase, which can support the stock during volatile tape.

Details:

Markets have been reacting to shifting expectations for oil and natural gas prices amid the ongoing Iran conflict, which has also influenced interest-rate expectations and sector leadership.

In its Feb. 23, 2026 update, ONEOK reported full-year 2025 results and issued 2026 financial guidance that included contributions from recent acquisitions, project-driven volume growth, and ongoing synergy capture.

The company also raised its quarterly dividend to $1.07 per share, reinforcing the income component that often attracts buyers to midstream operators during macro uncertainty.

Recent Street commentary has included price-target updates (including a March 2026 target refresh), which can add incremental support when the stock is already trending higher.

Sources:

ONEOK Investor Relations, Associated Press, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$OKE Insider Trading Activity

$OKE insiders have traded $OKE stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $OKE stock by insiders over the last 6 months:

BRIAN L DERKSEN purchased 2,500 shares for an estimated $165,000

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$OKE Hedge Fund Activity

We have seen 749 institutional investors add shares of $OKE stock to their portfolio, and 776 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 12,062,884 shares (-76.6%) from their portfolio in Q4 2025, for an estimated $886,621,974
CAPITAL INTERNATIONAL INVESTORS added 7,979,597 shares (+inf%) to their portfolio in Q4 2025, for an estimated $586,500,379
FIRST EAGLE INVESTMENT MANAGEMENT, LLC added 3,596,089 shares (+46.3%) to their portfolio in Q4 2025, for an estimated $264,312,541
UBS GROUP AG added 2,438,063 shares (+38.4%) to their portfolio in Q4 2025, for an estimated $179,197,630
QUBE RESEARCH & TECHNOLOGIES LTD removed 1,817,040 shares (-91.9%) from their portfolio in Q4 2025, for an estimated $133,552,440
DANSKE BANK A/S added 1,691,433 shares (+inf%) to their portfolio in Q4 2025, for an estimated $124,320,325
DEUTSCHE BANK AG\ removed 1,459,568 shares (-25.9%) from their portfolio in Q4 2025, for an estimated $107,278,248

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$OKE Congressional Stock Trading

Members of Congress have traded $OKE stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $OKE stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 2 purchases worth up to $30,000 on 02/10, 11/18 and 1 sale worth up to $15,000 on 01/09.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$OKE Analyst Ratings

Wall Street analysts have issued reports on $OKE in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Scotiabank issued a "Sector Outperform" rating on 11/04/2025
Citigroup issued a "Buy" rating on 10/31/2025
Raymond James issued a "Outperform" rating on 10/24/2025

To track analyst ratings and price targets for $OKE, check out Quiver Quantitative's $OKE forecast page.

$OKE Price Targets

Multiple analysts have issued price targets for $OKE recently. We have seen 11 analysts offer price targets for $OKE in the last 6 months, with a median target of $82.0.

Here are some recent targets:

Elvira Scotto from RBC Capital set a target price of $84.0 on 03/19/2026
Michael Blum from Wells Fargo set a target price of $81.0 on 03/13/2026
Theresa Chen from Barclays set a target price of $82.0 on 03/06/2026
Jeremy Tonet from JP Morgan set a target price of $83.0 on 01/27/2026
Brian Reynolds from UBS set a target price of $103.0 on 01/22/2026
Julien Dumoulin-Smith from Jefferies set a target price of $80.0 on 01/20/2026
Brandon Bingham from Scotiabank set a target price of $87.0 on 11/04/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.