OGE Energy Corporation $OGE Stake Boosted by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC boosted its holdings in OGE Energy Corporation (NYSE:OGE) by 2.7% in the second quarter, HoldingsChannel.com reports. The firm owned 999,473 shares of the utilities provider’s stock after acquiring an additional 26,609 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in OGE Energy were worth $44,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its position in shares of OGE Energy by 5.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,538,826 shares of the utilities provider’s stock worth $300,525,000 after buying an additional 364,268 shares during the last quarter. Boston Partners boosted its holdings in shares of OGE Energy by 29.1% during the first quarter. Boston Partners now owns 5,401,857 shares of the utilities provider’s stock valued at $248,209,000 after acquiring an additional 1,219,062 shares during the period. Northern Trust Corp boosted its holdings in shares of OGE Energy by 0.3% during the first quarter. Northern Trust Corp now owns 3,573,926 shares of the utilities provider’s stock valued at $164,258,000 after acquiring an additional 11,912 shares during the period. Dimensional Fund Advisors LP grew its position in shares of OGE Energy by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,438,764 shares of the utilities provider’s stock worth $112,081,000 after acquiring an additional 137,857 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of OGE Energy by 20.4% in the 1st quarter. Invesco Ltd. now owns 1,673,459 shares of the utilities provider’s stock worth $76,912,000 after acquiring an additional 283,281 shares during the period. Institutional investors own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

OGE has been the subject of a number of analyst reports. Barclays boosted their target price on shares of OGE Energy from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. UBS Group lifted their price target on OGE Energy from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Weiss Ratings restated a “buy (b)” rating on shares of OGE Energy in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upgraded OGE Energy to a “hold” rating in a research report on Tuesday, October 28th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.

OGE Energy Stock Performance

Shares of OGE Energy stock opened at $44.05 on Friday. The business has a fifty day simple moving average of $45.12 and a 200-day simple moving average of $44.79. OGE Energy Corporation has a fifty-two week low of $39.41 and a fifty-two week high of $47.33. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.60. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.16.

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

OGE Energy Increases Dividend

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