Mcguire Capital Advisors Inc. Makes New $620,000 Investment in OGE Energy Corporation $OGE

Mcguire Capital Advisors Inc. purchased a new stake in OGE Energy Corporation (NYSE:OGE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,518 shares of the utilities provider’s stock, valued at approximately $620,000.

Other institutional investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC grew its stake in shares of OGE Energy by 3.3% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider’s stock valued at $323,000 after buying an additional 222 shares during the period. Bfsg LLC raised its stake in OGE Energy by 2.3% during the 4th quarter. Bfsg LLC now owns 10,280 shares of the utilities provider’s stock worth $439,000 after buying an additional 232 shares during the period. Blair William & Co. IL raised its stake in OGE Energy by 0.9% during the 3rd quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock worth $1,270,000 after buying an additional 234 shares during the period. Savvy Advisors Inc. boosted its holdings in OGE Energy by 1.4% in the fourth quarter. Savvy Advisors Inc. now owns 18,812 shares of the utilities provider’s stock worth $803,000 after acquiring an additional 251 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in OGE Energy by 49.4% in the third 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. Institutional investors and hedge funds own 71.84% of the company’s stock.

Insider Activity

In other news, insider William H. Sultemeier sold 7,345 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.97, for a total value of $352,339.65. Following the completion of the sale, the insider owned 74,497 shares in the company, valued at $3,573,621.09. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by insiders.

OGE Energy Stock Down 0.2%

Shares of NYSE:OGE opened at $47.26 on Friday. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 3.51 and a beta of 0.53. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.09. OGE Energy Corporation has a 12-month low of $41.69 and a 12-month high of $50.13. The business’s 50 day moving average is $47.68 and its 200 day moving average is $46.09.

OGE Energy (NYSE:OGE) last released 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 business had revenue of $752.60 million during the quarter, compared to analyst estimates of $616.02 million. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.OGE Energy’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. On average, sell-side analysts forecast that OGE Energy Corporation will post 2.42 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a $0.425 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.70 annualized dividend and a dividend yield of 3.6%. OGE Energy’s dividend payout ratio is presently 75.89%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on OGE Energy in a report on Friday, March 20th. They set an “overweight” rating and a $52.00 price objective for the company. Weiss Ratings raised shares of OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. LADENBURG THALM/SH SH boosted their price target on shares of OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Wells Fargo & Company upped their price objective on shares of OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, Barclays raised their price objective on shares of OGE Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.11.

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.