Tema Etfs LLC Increases Stock Position in OGE Energy Corporation $OGE

Key Points

• Tema Etfs LLC increased its stake in OGE Energy (NYSE:OGE) by 88.8% in Q4 to 219,650 shares, worth about $9.38 million (≈0.11% of the company).
• Insider activity was mixed: CAO Sarah R. Stafford sold 6,130 shares (a 17.67% reduction in her holding) while director Lyle G. Ganske bought 10,420 shares; insiders own about 0.55% of the stock.
• OGE beat quarterly EPS estimates ($0.33 vs. $0.30), carries a consensus "Moderate Buy" with a $48.11 target, and declared a quarterly dividend of $0.425 (annual $1.70, yield 3.5%, ex-dividend April 6).

Tema Etfs LLC boosted its position in OGE Energy Corporation (NYSE:OGE - Free Report) by 88.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 219,650 shares of the utilities provider's stock after acquiring an additional 103,320 shares during the period. Tema Etfs LLC owned 0.11% of OGE Energy worth $9,379,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Boston Partners raised its stake in shares of OGE Energy by 0.5% during the third quarter. Boston Partners now owns 6,279,360 shares of the utilities provider's stock valued at $290,530,000 after acquiring an additional 31,138 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of OGE Energy by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,613,959 shares of the utilities provider's stock worth $120,944,000 after purchasing an additional 35,162 shares during the last quarter. Northern Trust Corp increased its holdings in OGE Energy by 2.7% during the 3rd quarter. Northern Trust Corp now owns 2,521,165 shares of the utilities provider's stock valued at $116,654,000 after purchasing an additional 67,224 shares during the period. First Trust Advisors LP raised its position in OGE Energy by 3.6% during the 3rd quarter. First Trust Advisors LP now owns 2,444,990 shares of the utilities provider's stock valued at $113,130,000 after purchasing an additional 85,091 shares during the last quarter. Finally, Norges Bank bought a new position in OGE Energy during the 2nd quarter valued at approximately $101,421,000. Hedge funds and other institutional investors own 71.84% of the company's stock.

Insiders Place Their Bets

In other news, CAO Sarah R. Stafford sold 6,130 shares of the company's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $47.77, for a total value of $292,830.10. Following the sale, the chief accounting officer directly 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lyle G. Ganske purchased 10,420 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average price of $47.99 per share, with a total value of $500,055.80. Following the completion of the purchase, the director owned 10,420 shares in the company, valued at $500,055.80. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OGE. Mizuho set a $49.00 price objective on OGE Energy in a research report on Thursday, February 19th. Wall Street Zen upgraded OGE Energy from a "sell" rating to a "hold" rating in a report on Saturday, January 24th. BMO Capital Markets assumed coverage on OGE Energy in a research note on Tuesday, January 13th. They issued a "market perform" rating and a $45.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of OGE Energy in a report on Friday, March 20th. They issued an "overweight" rating and a $52.00 price target on the stock. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of OGE Energy in a research report on Friday, January 23rd. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, OGE Energy has a consensus rating of "Moderate Buy" and a consensus target price of $48.11.

OGE Energy Stock Performance

Shares of OGE opened at $48.27 on Thursday. The company has a 50-day simple moving average of $46.53 and a two-hundred day simple moving average of $45.12. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49. The firm has a market capitalization of $9.96 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 3.43 and a beta of 0.61. OGE Energy Corporation has a one year low of $40.80 and a one year high of $49.55.

OGE Energy (NYSE:OGE - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $277.80 million. During the same quarter in the prior year, the business earned $0.50 EPS. The business's revenue for the quarter was down 4.6% on a year-over-year basis. On average, analysts anticipate that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

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

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