Tema Etfs LLC Has $5.38 Million Stock Holdings in OGE Energy Corporation $OGE

Tema Etfs LLC lifted its holdings in shares of OGE Energy Corporation (NYSE:OGE) by 21.9% during the 3rd quarter, Holdings Channel reports. The firm owned 116,330 shares of the utilities provider’s stock after purchasing an additional 20,910 shares during the quarter. Tema Etfs LLC’s holdings in OGE Energy were worth $5,383,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Boston Partners lifted its stake in OGE Energy by 15.7% in the second quarter. Boston Partners now owns 6,248,222 shares of the utilities provider’s stock valued at $277,388,000 after buying an additional 846,365 shares during the period. Geode Capital Management LLC lifted its position in shares of OGE Energy by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,555,290 shares of the utilities provider’s stock valued at $157,824,000 after acquiring an additional 26,569 shares during the period. First Trust Advisors LP lifted its position in shares of OGE Energy by 51.2% during the 2nd quarter. First Trust Advisors LP now owns 2,359,899 shares of the utilities provider’s stock valued at $104,732,000 after acquiring an additional 799,264 shares during the period. Norges Bank bought a new position in OGE Energy during the second quarter worth $101,421,000. Finally, Franklin Resources Inc. grew its holdings in OGE Energy by 0.7% in the second quarter. Franklin Resources Inc. now owns 1,730,071 shares of the utilities provider’s stock worth $76,781,000 after purchasing an additional 12,724 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Performance

Shares of OGE Energy stock opened at $42.81 on Monday. OGE Energy Corporation has a 52 week low of $39.41 and a 52 week high of $47.33. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average price of $43.71 and a 200-day moving average price of $44.56. The company has a market cap of $8.62 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 2.54 and a beta of 0.63.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). OGE Energy had a return on equity of 10.77% and a net margin of 15.28%.The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company posted $1.09 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Monday, January 5th will be issued a $0.425 dividend. The ex-dividend date is Monday, January 5th. This represents a $1.70 annualized dividend and a dividend yield of 4.0%. OGE Energy’s dividend payout ratio is currently 68.27%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OGE. Jefferies Financial Group upped their price objective on shares of OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Mizuho boosted their target price on OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. UBS Group cut their price target on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Wall Street Zen cut OGE Energy from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of OGE Energy in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $48.38.

OGE Energy Company Profile

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.