Inspire Trust Co. N.A. Has $5.37 Million Position in OGE Energy Corporation $OGE

Inspire Trust Co. N.A. lifted its holdings in OGE Energy Corporation (NYSE:OGE) by 14.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 116,000 shares of the utilities provider’s stock after buying an additional 15,000 shares during the quarter. Inspire Trust Co. N.A.’s holdings in OGE Energy were worth $5,367,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of OGE. Capital A Wealth Management LLC raised its holdings in OGE Energy by 5,157.1% during the 2nd quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock worth $33,000 after buying an additional 722 shares during the period. State of Wyoming acquired a new position in shares of OGE Energy in the second quarter valued at approximately $34,000. Golden State Wealth Management LLC increased its position 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 acquiring an additional 632 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of OGE Energy during the third quarter worth $43,000. Finally, MTM Investment Management LLC bought a new stake in OGE Energy in the 2nd quarter valued at $51,000. 71.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group reduced their target price on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Barclays cut their price target on OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Wells Fargo & Company increased their price objective on OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Finally, BMO Capital Markets started coverage on OGE Energy in a research note on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.63.

OGE Energy Trading Up 1.3%

OGE Energy stock opened at $47.35 on Friday. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 3.39 and a beta of 0.62. The firm has a 50-day moving average of $43.75 and a 200-day moving average of $44.51. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.52. OGE Energy Corporation has a one year low of $40.80 and a one year high of $47.61.

OGE Energy (NYSE:OGE) last released its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $725.80 million for the quarter, compared to analyst estimates of $277.80 million. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.OGE Energy’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, equities analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, April 6th. OGE Energy’s dividend payout ratio (DPR) is 73.59%.

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.