MQS Management LLC Sells 12,608 Shares of OGE Energy Corporation $OGE

MQS Management LLC decreased its stake in shares of OGE Energy Corporation (NYSE:OGE) by 63.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,407 shares of the utilities provider’s stock after selling 12,608 shares during the period. MQS Management LLC’s holdings in OGE Energy were worth $355,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OGE. Quest 10 Wealth Builders Inc. raised its position in OGE Energy by 618.3% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $33,000 after buying an additional 674 shares during the last quarter. State of Wyoming purchased a new position in OGE Energy during the 2nd quarter worth $34,000. Capital Advisors Ltd. LLC grew its stake in shares of OGE Energy by 14,780.0% in the 1st quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 739 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 255 shares in the last quarter. Finally, Clearstead Advisors LLC raised its holdings in shares of OGE Energy by 96.2% in the fourth quarter. Clearstead Advisors LLC now owns 881 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 71.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on OGE shares. Wells Fargo & Company raised their price target on shares of OGE Energy from $47.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. began coverage on shares of OGE Energy in a research report on Friday, March 20th. They issued an “overweight” rating and a $52.00 price objective for the company. Wall Street Zen lowered shares of OGE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Barclays lifted their target price on shares of OGE Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Finally, Morgan Stanley started coverage on OGE Energy in a research note on Wednesday, June 24th. They issued an “equal weight” rating and a $50.00 target price on the stock. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.20.

OGE Energy Stock Performance

NYSE:OGE opened at $48.27 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.66 and a quick ratio of 0.40. The business has a fifty day simple moving average of $47.63 and a two-hundred day simple moving average of $46.40. OGE Energy Corporation has a 1 year low of $41.69 and a 1 year high of $50.13. The company has a market capitalization of $9.96 billion, a P/E ratio of 21.55, a P/E/G ratio of 3.60 and a beta of 0.53.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $752.60 million for the quarter, compared to analysts’ expectations of $616.02 million. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, analysts expect that OGE Energy Corporation will post 2.43 earnings per share for the current year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, July 6th. OGE Energy’s dividend payout ratio (DPR) is 75.89%.

Insider Buying and Selling

In related news, insider William H. Sultemeier sold 7,345 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $47.97, for a total transaction of $352,339.65. Following the sale, the insider owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

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.