OGE Energy (NYSE:OGE) Shares Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of OGE Energy Corporation NYSE: OGE. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $100,001 and $250,000 in OGE Energy stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

OGE Energy Price Performance

NYSE OGE traded down $0.02 during trading hours on Friday, reaching $44.90. 1,086,757 shares of the stock traded hands, compared to its average volume of 1,144,356. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.73 and a quick ratio of 0.47. The stock has a 50 day simple moving average of $44.29 and a two-hundred day simple moving average of $44.09. OGE Energy Corporation has a 1 year low of $38.01 and a 1 year high of $46.91. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 3.13 and a beta of 0.59.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. The company had revenue of $747.70 million for the quarter, compared to analysts' expectations of $695.59 million. OGE Energy had a return on equity of 10.58% and a net margin of 15.48%. OGE Energy's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period last year, the firm posted $0.09 EPS. On average, analysts predict that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were paid a $0.4213 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.75%. OGE Energy's dividend payout ratio is presently 69.42%.

Hedge Funds Weigh In On OGE Energy

Hedge funds have recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of OGE Energy in the fourth quarter worth about $27,000. Bessemer Group Inc. lifted its holdings in OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after buying an additional 361 shares during the period. Alpine Bank Wealth Management bought a new stake in OGE Energy during the 1st quarter valued at approximately $31,000. First Command Advisory Services Inc. purchased a new position in shares of OGE Energy during the 1st quarter worth approximately $36,000. Finally, Principal Securities Inc. boosted its position in shares of OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 659 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on OGE shares. LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a research note on Friday, May 9th. Barclays upgraded shares of OGE Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $45.00 to $47.00 in a research report on Thursday, June 5th. Wells Fargo & Company raised their price objective on OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Finally, Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.80.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, VP Donnie O. Jones sold 11,351 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total value of $500,125.06. Following the completion of the transaction, the vice president owned 43,932 shares in the company, valued at approximately $1,935,643.92. This represents a 20.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William H. Sultemeier sold 6,650 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total transaction of $302,841.00. Following the sale, the insider owned 72,548 shares in the company, valued at approximately $3,303,835.92. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.