OGE Energy Corporation $OGE Stock Position Raised by Energy Income Partners LLC

Energy Income Partners LLC increased its position in OGE Energy Corporation (NYSE:OGE) by 1.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,847,489 shares of the utilities provider’s stock after purchasing an additional 26,881 shares during the period. OGE Energy comprises about 1.4% of Energy Income Partners LLC’s investment portfolio, making the stock its 25th biggest holding. Energy Income Partners LLC’s holdings in OGE Energy were worth $88,606,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC boosted its position in shares of OGE Energy by 111.3% in the first quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock worth $29,000 after buying an additional 315 shares during the period. Quest 10 Wealth Builders Inc. raised its position in OGE Energy by 618.3% during the fourth 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 period. State of Wyoming acquired a new position in OGE Energy during the second quarter valued at $34,000. Caitong International Asset Management Co. Ltd lifted its stake in 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, Capital Advisors Ltd. LLC lifted its stake in 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. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Price Performance

OGE opened at $49.29 on Tuesday. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 3.70 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 current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.09. The stock has a fifty day moving average price of $48.22 and a 200 day moving average price of $47.17.

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

OGE Energy Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on OGE. Barclays raised their price objective on OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered shares of OGE Energy from a “hold” rating to a “sell” rating in a research report on Sunday, June 21st. Morgan Stanley set a $51.00 price target on shares of OGE Energy in a report on Wednesday, July 22nd. BMO Capital Markets lowered their price objective 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. Finally, LADENBURG THALM/SH SH upped their price objective 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. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.80.

Insider Activity at OGE Energy

In related news, insider William H. Sultemeier sold 7,345 shares of the stock in a transaction that occurred 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 transaction, the insider owned 74,497 shares in the company, valued at approximately $3,573,621.09. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.57% of the company’s stock.

About OGE Energy

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.