Elevation Point Wealth Partners Boosts ONEOK Stake

Institutional investor increases holding in utilities provider by over 250% in Q3

Mar. 16, 2026 at 9:19am

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Elevation Point Wealth Partners LLC, an institutional investor, increased its stake in ONEOK, Inc. (NYSE: OKE) by 257.6% in the third quarter, according to a recent 13F filing with the Securities & Exchange Commission. The firm now owns 22,488 shares of the utilities provider's stock, valued at $1.64 million.

Why it matters

ONEOK is a major midstream energy company that operates natural gas and natural gas liquids pipelines, processing facilities, and storage assets. The significant increase in Elevation Point's position suggests the firm sees long-term value in ONEOK's business and growth prospects.

The details

According to the 13F filing, Elevation Point Wealth Partners purchased an additional 16,200 shares of ONEOK stock in the third quarter, bringing its total holdings to 22,488 shares. This represents a 257.6% increase from the prior quarter. ONEOK's stock has seen volatility in recent months due to fluctuations in energy prices and the broader market, but the company has maintained a strong market position in the midstream sector.

  • Elevation Point Wealth Partners increased its ONEOK stake in the third quarter of 2026.

The players

Elevation Point Wealth Partners LLC

An institutional investor that manages a portfolio of equity and fixed-income investments.

ONEOK, Inc.

A publicly traded midstream energy company headquartered in Tulsa, Oklahoma that operates natural gas and natural gas liquids pipelines, processing facilities, and storage assets.

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The takeaway

Elevation Point Wealth Partners' significant increase in its ONEOK stake suggests the firm sees long-term value in the company's midstream energy assets and growth potential, despite recent market volatility in the sector.