Tema Etfs LLC Purchases 20,910 Shares of OGE Energy Corporation $OGE

Tema Etfs LLC grew its position in OGE Energy Corporation (NYSE:OGE) by 21.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,330 shares of the utilities provider’s stock after acquiring an additional 20,910 shares during the period. Tema Etfs LLC owned about 0.06% of OGE Energy worth $5,383,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of OGE. Morningstar Investment Management LLC bought a new position in OGE Energy in the 2nd quarter valued at about $391,000. First Citizens Bank & Trust Co. increased its stake in shares of OGE Energy by 274.7% during the second quarter. First Citizens Bank & Trust Co. now owns 17,644 shares of the utilities provider’s stock worth $783,000 after purchasing an additional 12,935 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in OGE Energy by 40.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 43,352 shares of the utilities provider’s stock worth $1,928,000 after purchasing an additional 12,430 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in OGE Energy by 18,212.6% during the 1st quarter. Acadian Asset Management LLC now owns 74,349 shares of the utilities provider’s stock worth $3,411,000 after purchasing an additional 73,943 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in OGE Energy by 390.6% in the 3rd quarter. Pacer Advisors Inc. now owns 36,805 shares of the utilities provider’s stock valued at $1,703,000 after buying an additional 29,303 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Trading Up 0.2%

Shares of OGE stock opened at $42.81 on Monday. The stock has a 50-day moving average of $43.71 and a 200-day moving average of $44.56. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.12. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 2.54 and a beta of 0.63. OGE Energy Corporation has a 1-year low of $39.41 and a 1-year high of $47.33.

OGE Energy (NYSE:OGE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). OGE Energy had a net margin of 15.28% and a return on equity of 10.77%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company earned $1.09 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Monday, January 5th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, January 5th. OGE Energy’s dividend payout ratio (DPR) is currently 68.27%.

Wall Street Analysts Forecast Growth

OGE has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of OGE Energy in a research report on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on shares of OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Barclays increased their target price on shares of OGE Energy from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada upgraded shares of OGE Energy to a “hold” rating in a research report on Tuesday, October 28th. Finally, Mizuho increased their price target on OGE Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $48.38.

OGE Energy 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.