Tema ETFs LLC lifted its position in shares of OGE Energy Corporation (NYSE:OGE - Free Report) by 106.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 672,718 shares of the utilities provider's stock after acquiring an additional 346,304 shares during the quarter. OGE Energy accounts for approximately 1.1% of Tema ETFs LLC's investment portfolio, making the stock its 23rd biggest holding. Tema ETFs LLC owned approximately 0.33% of OGE Energy worth $32,734,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in OGE Energy in the 4th quarter worth about $119,028,000. Morgan Stanley grew its holdings in OGE Energy by 103.2% in the fourth quarter. Morgan Stanley now owns 4,628,210 shares of the utilities provider's stock valued at $197,625,000 after purchasing an additional 2,350,574 shares during the period. Cohen & Steers Inc. acquired a new stake in OGE Energy in the fourth quarter valued at approximately $68,460,000. Cbre Investment Management Listed Real Assets LLC increased its position in shares of OGE Energy by 85.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,215,572 shares of the utilities provider's stock valued at $94,605,000 after buying an additional 1,022,863 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd purchased a new stake in shares of OGE Energy in the fourth quarter valued at approximately $33,929,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.
OGE Energy Stock Performance
Shares of NYSE:OGE opened at $46.37 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.77 and a quick ratio of 0.47. The business's 50 day moving average price is $48.14 and its 200-day moving average price is $47.49. The firm has a market capitalization of $9.58 billion, a PE ratio of 20.43, a P/E/G ratio of 3.42 and a beta of 0.53. OGE Energy Corporation has a 1 year low of $41.69 and a 1 year high of $50.59.
OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.The firm had revenue of $711.90 million during the quarter, compared to analysts' expectations of $782.73 million. During the same period in the previous year, the business earned $0.53 earnings per share. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities research analysts expect that OGE Energy Corporation will post 2.42 earnings per share for the current fiscal year.
OGE Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.7%. OGE Energy's dividend payout ratio is presently 74.89%.
Insider Activity at OGE Energy
In other news, insider William H. Sultemeier sold 7,345 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.97, for a total value of $352,339.65. Following the completion of the sale, the insider directly owned 74,497 shares in the company, valued at $3,573,621.09. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. BMO Capital Markets decreased their target price on OGE Energy from $50.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on shares of OGE Energy from $47.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, April 30th. Barclays upped their price objective on shares of OGE Energy from $51.00 to $52.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. LADENBURG THALM/SH SH lifted their target price on shares of OGE Energy from $42.50 to $47.00 and gave the company a "neutral" rating in a research report on Monday, May 11th. Finally, Morgan Stanley set a $51.00 target price on shares of OGE Energy in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $49.80.
Read Our Latest Stock Report on OGE
OGE Energy Profile
(
Free Report)
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 Stories
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).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider OGE Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OGE Energy wasn't on the list.
While OGE Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
