SG Americas Securities LLC Purchases 89,841 Shares of OGE Energy Corporation $OGE

SG Americas Securities LLC boosted its holdings in shares of OGE Energy Corporation (NYSE:OGE) by 122.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,996 shares of the utilities provider’s stock after acquiring an additional 89,841 shares during the period. SG Americas Securities LLC owned approximately 0.08% of OGE Energy worth $6,960,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC increased its holdings in shares of OGE Energy by 5,157.1% in the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 722 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 255 shares during the period. State of Wyoming acquired a new position in shares of OGE Energy in the 2nd quarter valued at approximately $34,000. Quent Capital LLC bought a new stake in OGE Energy during the 3rd quarter worth approximately $43,000. Finally, Mather Group LLC. bought a new stake in OGE Energy during the 3rd quarter worth approximately $63,000. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on OGE. UBS Group cut their price target on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Mizuho set a $49.00 price objective on shares of OGE Energy in a report on Thursday, February 19th. Barclays cut their price objective on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company increased their target price on OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.11.

Insider Buying and Selling at OGE Energy

In other news, CAO Sarah R. Stafford sold 6,130 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total value of $292,830.10. Following the completion of the transaction, the chief accounting officer owned 28,559 shares in the company, valued at $1,364,263.43. This trade represents a 17.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lyle G. Ganske bought 10,420 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average cost of $47.99 per share, for a total transaction of $500,055.80. Following the transaction, the director owned 10,420 shares of the company’s stock, valued at $500,055.80. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.53% of the stock is currently owned by insiders.

OGE Energy Trading Up 0.0%

NYSE OGE opened at $47.90 on Wednesday. OGE Energy Corporation has a 52 week low of $40.80 and a 52 week high of $49.55. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.49 and a current ratio of 0.78. The stock’s 50 day moving average price is $46.44 and its two-hundred day moving average price is $45.10. The stock has a market capitalization of $9.88 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 3.42 and a beta of 0.61.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The company had revenue of $725.80 million during the quarter, compared to analysts’ expectations of $277.80 million. During the same period last year, the business earned $0.50 EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Monday, April 6th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, April 6th. OGE Energy’s payout ratio is presently 73.59%.

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.