Segall Bryant & Hamill LLC reduced its stake in shares of OGE Energy Corporation (NYSE:OGE – Free Report) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,318 shares of the utilities provider’s stock after selling 21,686 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in OGE Energy were worth $20,158,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of OGE. Oak Thistle LLC raised its position in shares of OGE Energy by 368.0% during the fourth quarter. Oak Thistle LLC now owns 54,337 shares of the utilities provider’s stock valued at $2,320,000 after buying an additional 42,726 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of OGE Energy by 915.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 328,260 shares of the utilities provider’s stock valued at $14,017,000 after buying an additional 295,932 shares during the period. Geode Capital Management LLC grew its position in OGE Energy by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 3,825,542 shares of the utilities provider’s stock worth $163,397,000 after buying an additional 204,510 shares in the last quarter. Gaddis Premier Wealth Advisors LLC acquired a new stake in OGE Energy during the fourth quarter worth about $1,430,000. Finally, Norges Bank acquired a new stake in OGE Energy during the fourth quarter worth about $119,028,000. 71.84% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
OGE has been the subject of several recent research reports. BMO Capital Markets cut their price target on OGE Energy from $50.00 to $49.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Barclays lifted their price objective on OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Wells Fargo & Company upped their target price on OGE Energy from $47.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Finally, LADENBURG THALM/SH SH upped their target price on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $49.80.
Insider Buying and Selling at OGE Energy
In other news, insider William H. Sultemeier sold 7,345 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $47.97, for a total transaction of $352,339.65. Following the completion of the sale, the insider owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.57% of the company’s stock.
OGE Energy Stock Up 0.4%
Shares of NYSE:OGE opened at $47.45 on Friday. The company’s fifty day moving average is $48.21 and its 200-day moving average is $47.29. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.40 and a current ratio of 0.77. OGE Energy Corporation has a 52 week low of $41.69 and a 52 week high of $50.59. The company has a market capitalization of $9.80 billion, a PE ratio of 20.90, a P/E/G ratio of 3.51 and a beta of 0.53.
OGE Energy (NYSE:OGE – Get Free Report) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The business had revenue of $711.90 million during the quarter, compared to analysts’ expectations of $782.73 million. During the same quarter last year, the company posted $0.53 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Equities research analysts predict that OGE Energy Corporation will post 2.42 earnings per share for the current fiscal year.
OGE Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, July 6th. OGE Energy’s dividend payout ratio is currently 74.89%.
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.
Featured Articles
- Five stocks we like better than OGE Energy
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
Want to see what other hedge funds are holding OGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OGE Energy Corporation (NYSE:OGE – Free Report).
Receive News & Ratings for OGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.
