Oak Thistle LLC Acquires 42,726 Shares of OGE Energy Corporation $OGE

Key Points

• Oak Thistle LLC raised its stake in OGE by 368% in Q4, buying 42,726 shares to hold 54,337 shares valued at about $2.32 million.
• Multiple large institutions (Millennium, Qube, Goldman, Aventail, AQR) also materially increased positions, leaving OGE with roughly 71.84% institutional ownership.
• OGE announced a quarterly dividend of $0.425 (annualized $1.70, yield 3.5%) and recently beat Q4 EPS estimates ($0.33 vs. $0.30), while insiders showed mixed activity — the CAO sold 6,130 shares and a director purchased 10,420 shares.

Oak Thistle LLC lifted its holdings in OGE Energy Corporation (NYSE:OGE - Free Report) by 368.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,337 shares of the utilities provider's stock after buying an additional 42,726 shares during the quarter. Oak Thistle LLC's holdings in OGE Energy were worth $2,320,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Millennium Management LLC raised its holdings in OGE Energy by 843.6% during the 3rd quarter. Millennium Management LLC now owns 819,492 shares of the utilities provider's stock worth $37,918,000 after purchasing an additional 732,641 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in OGE Energy by 305.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 537,908 shares of the utilities provider's stock worth $24,889,000 after purchasing an additional 405,113 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in OGE Energy by 54.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider's stock worth $47,966,000 after purchasing an additional 367,960 shares during the last quarter. Aventail Capital Group LP raised its holdings in OGE Energy by 68.1% during the 3rd quarter. Aventail Capital Group LP now owns 864,588 shares of the utilities provider's stock worth $40,004,000 after purchasing an additional 350,342 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in OGE Energy by 48.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,001,028 shares of the utilities provider's stock worth $46,177,000 after purchasing an additional 325,701 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other OGE Energy news, CAO Sarah R. Stafford sold 6,130 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total transaction of $292,830.10. Following the completion of the transaction, the chief accounting officer owned 28,559 shares of the company's stock, valued at $1,364,263.43. This represents a 17.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lyle G. Ganske purchased 10,420 shares of OGE Energy stock in a transaction on Monday, February 23rd. The shares were purchased at an average cost of $47.99 per share, with a total value of $500,055.80. Following the transaction, the director owned 10,420 shares in the company, valued at approximately $500,055.80. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.53% of the company's stock.

OGE Energy Trading Up 0.8%

NYSE:OGE opened at $48.99 on Wednesday. OGE Energy Corporation has a twelve month low of $40.80 and a twelve month high of $49.55. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average price of $46.98 and a two-hundred day moving average price of $45.26. The company has a market cap of $10.11 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 3.48 and a beta of 0.59.

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

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Monday, April 6th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a yield of 3.5%. OGE Energy's dividend payout ratio is 73.59%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen raised OGE Energy from a "sell" rating to a "hold" rating in a research note on Saturday, January 24th. UBS Group lowered their price target on OGE Energy from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, December 17th. Wells Fargo & Company upped their price target on OGE Energy from $39.00 to $41.00 and gave the company an "overweight" rating in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of OGE Energy in a research note on Monday. Finally, Barclays lowered their target price on OGE Energy from $51.00 to $49.00 and set an "overweight" rating for the company in a research note on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.11.

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.

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