OGE Energy Corporation $OGE Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. decreased its position in OGE Energy Corporation (NYSE:OGE) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,724 shares of the utilities provider’s stock after selling 8,653 shares during the quarter. Twin Capital Management Inc.’s holdings in OGE Energy were worth $2,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its holdings in shares of OGE Energy by 427.0% during the second quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock worth $35,000 after buying an additional 632 shares in the last quarter. Andra AP fonden acquired a new stake in OGE Energy during the second quarter worth approximately $1,160,000. Huntington National Bank raised its holdings in OGE Energy by 3.3% in the 2nd quarter. Huntington National Bank now owns 10,858 shares of the utilities provider’s stock valued at $482,000 after acquiring an additional 342 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of OGE Energy by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 48,414 shares of the utilities provider’s stock worth $2,149,000 after purchasing an additional 300 shares during the period. Finally, Strs Ohio lifted its stake in shares of OGE Energy by 11.0% during the 2nd quarter. Strs Ohio now owns 74,128 shares of the utilities provider’s stock worth $3,290,000 after purchasing an additional 7,347 shares during the period. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OGE. UBS Group upped their target price on OGE Energy from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Mizuho upped their price objective on shares of OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Barclays increased their price objective on shares of OGE Energy from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of OGE Energy in a report on Wednesday, October 8th. Finally, Jefferies Financial Group upped their price target on shares of OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.75.

OGE Energy Trading Down 0.4%

NYSE OGE opened at $44.12 on Thursday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.48 and a current ratio of 0.78. OGE Energy Corporation has a one year low of $39.41 and a one year high of $47.33. The company’s 50 day moving average price is $45.13 and its 200 day moving average price is $44.79. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 3.08 and a beta of 0.59.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. OGE Energy had a net margin of 15.28% and a return on equity of 10.86%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. OGE Energy has set its FY 2025 guidance at 2.210-2.330 EPS. On average, sell-side analysts predict that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were paid a dividend of $0.425 per share. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, October 6th. OGE Energy’s payout ratio is presently 68.27%.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.