Quantinno Capital Management LP Purchases 359,018 Shares of OGE Energy Corporation $OGE

Quantinno Capital Management LP grew its position in shares of OGE Energy Corporation (NYSE:OGE) by 126.5% in the first quarter, HoldingsChannel reports. The fund owned 642,801 shares of the utilities provider’s stock after acquiring an additional 359,018 shares during the period. Quantinno Capital Management LP’s holdings in OGE Energy were worth $30,829,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OGE. Strs Ohio raised its holdings in shares of OGE Energy by 4.5% in the first quarter. Strs Ohio now owns 5,029 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 217 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of OGE Energy by 3.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 6,740 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 218 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of OGE Energy by 3.3% in the third quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 222 shares in the last quarter. Bfsg LLC boosted its holdings in OGE Energy by 2.3% during the fourth quarter. Bfsg LLC now owns 10,280 shares of the utilities provider’s stock worth $439,000 after purchasing an additional 232 shares during the last quarter. Finally, Blair William & Co. IL boosted its holdings in OGE Energy by 0.9% during the third quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock worth $1,270,000 after purchasing an additional 234 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

Insider Activity at OGE Energy

In other news, insider William H. Sultemeier sold 7,345 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.97, for a total transaction of $352,339.65. Following the transaction, the insider directly owned 74,497 shares in the company, valued at $3,573,621.09. The trade was a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on OGE shares. Wells Fargo & Company raised their target price 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. BMO Capital Markets cut their price target on shares of 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. LADENBURG THALM/SH SH increased their price objective on shares of OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Barclays raised their price objective on OGE Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $49.80.

OGE Energy Trading Up 0.4%

NYSE OGE opened at $47.45 on Friday. OGE Energy Corporation has a 12 month low of $41.69 and a 12 month high of $50.59. The company has a current ratio of 0.77, a quick ratio of 0.40 and a debt-to-equity ratio of 1.12. The stock has a 50 day moving average of $48.21 and a 200-day moving average of $47.29. The company has a market cap of $9.80 billion, a PE ratio of 20.90, a PEG ratio of 3.50 and a beta of 0.53.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $711.90 million for the quarter, compared to the consensus estimate of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, equities research analysts anticipate that OGE Energy Corporation will post 2.42 EPS for the current fiscal year.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, July 6th. OGE Energy’s dividend payout ratio (DPR) is 74.89%.

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.