Swiss National Bank Boosts Stake in OGE Energy Corporation $OGE

Swiss National Bank increased its holdings in shares of OGE Energy Corporation (NYSE:OGE) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 407,900 shares of the utilities provider’s stock after acquiring an additional 10,800 shares during the quarter. Swiss National Bank owned about 0.20% of OGE Energy worth $19,563,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Norges Bank purchased a new position in OGE Energy in the 4th quarter worth approximately $119,028,000. Morgan Stanley grew its position in shares of OGE Energy by 103.2% in the fourth quarter. Morgan Stanley now owns 4,628,210 shares of the utilities provider’s stock valued at $197,625,000 after purchasing an additional 2,350,574 shares in the last quarter. Cohen & Steers Inc. acquired a new stake in shares of OGE Energy in the fourth quarter valued at approximately $68,460,000. Cbre Investment Management Listed Real Assets LLC lifted its position in OGE Energy by 85.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,215,572 shares of the utilities provider’s stock worth $94,605,000 after buying an additional 1,022,863 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd acquired a new position in OGE Energy during the fourth quarter worth $33,929,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OGE. LADENBURG THALM/SH SH upped their target price on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets lowered 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. Barclays upped their price objective on shares of OGE Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Morgan Stanley set a $51.00 target price on shares of OGE Energy in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.80.

OGE Energy Price Performance

Shares of OGE opened at $49.92 on Friday. The firm has a 50-day simple moving average of $48.18 and a two-hundred day simple moving average of $47.09. The stock has a market cap of $10.30 billion, a PE ratio of 22.29, a P/E/G ratio of 3.67 and a beta of 0.53. OGE Energy Corporation has a 1-year low of $41.69 and a 1-year high of $50.32. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.66 and a quick ratio of 0.40.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $752.60 million for the quarter, compared to analyst estimates of $616.02 million. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. As a group, analysts forecast that OGE Energy Corporation will post 2.42 EPS for the current year.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, July 6th. OGE Energy’s dividend payout ratio is 75.89%.

Insider Activity at OGE Energy

In other news, insider William H. Sultemeier sold 7,345 shares of OGE Energy stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.97, for a total value of $352,339.65. Following the completion of the sale, the insider directly owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

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.