Aster Capital Management DIFC Ltd Cuts Stake in OGE Energy Corporation $OGE

Aster Capital Management DIFC Ltd lowered its stake in shares of OGE Energy Corporation (NYSE:OGE) by 81.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,523 shares of the utilities provider’s stock after selling 15,305 shares during the period. Aster Capital Management DIFC Ltd’s holdings in OGE Energy were worth $163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Capital A Wealth Management LLC grew its stake in OGE Energy by 5,157.1% during the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 722 shares in the last quarter. State of Wyoming bought a new position in shares of OGE Energy during the 2nd quarter valued at about $34,000. Golden State Wealth Management LLC grew 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 valued at $35,000 after purchasing an additional 632 shares in the last quarter. Quent Capital LLC purchased a new position in shares of OGE Energy during the third quarter valued at about $43,000. Finally, MTM Investment Management LLC bought a new stake in shares of OGE Energy in the second quarter worth about $51,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Performance

NYSE:OGE opened at $49.09 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.49 and a current ratio of 0.78. The stock’s fifty day moving average is $44.30 and its 200 day moving average is $44.62. The firm has a market capitalization of $10.12 billion, a PE ratio of 21.25, a PEG ratio of 3.51 and a beta of 0.62. OGE Energy Corporation has a fifty-two week low of $40.80 and a fifty-two week high of $49.18.

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

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Monday, April 6th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, April 6th. OGE Energy’s payout ratio is 73.59%.

Analysts Set New Price Targets

Several equities analysts have weighed in on OGE shares. UBS Group cut their price target on OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Mizuho set a $49.00 price target on shares of OGE Energy in a research note on Thursday, February 19th. Finally, Barclays lowered their price objective on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.63.

Insider Buying and Selling

In other OGE Energy news, Director Lyle G. Ganske purchased 10,420 shares of OGE Energy stock in a transaction dated Monday, February 23rd. The shares were purchased at an average cost of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the acquisition, the director owned 10,420 shares in the company, valued at $500,055.80. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Sarah R. Stafford sold 6,130 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total value of $292,830.10. Following the sale, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. This represents a 17.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.55% of the company’s stock.

OGE Energy 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.