OGE Energy Corporation $OGE Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its holdings in OGE Energy Corporation (NYSE:OGE) by 34.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,174 shares of the utilities provider’s stock after buying an additional 15,766 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in OGE Energy were worth $2,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OGE. Capital A Wealth Management LLC boosted its position in shares of 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 acquiring an additional 722 shares in the last quarter. State of Wyoming purchased a new position in shares of OGE Energy in the 2nd quarter valued at about $34,000. Caitong International Asset Management Co. Ltd raised its position in shares of OGE Energy by 49.4% during 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. Quent Capital LLC acquired a new stake in shares of OGE Energy during the 3rd quarter worth about $43,000. Finally, Mather Group LLC. purchased a new stake in OGE Energy during the third quarter worth approximately $63,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other OGE Energy news, Director Lyle G. Ganske purchased 10,420 shares of OGE Energy stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average price of $47.99 per share, for a total transaction of $500,055.80. Following the transaction, the director directly owned 10,420 shares in the company, valued at $500,055.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Sarah R. Stafford sold 6,130 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total transaction of $292,830.10. Following the sale, the chief accounting officer owned 28,559 shares of the company’s stock, valued at approximately $1,364,263.43. This represents a 17.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

OGE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on OGE Energy in a report on Friday, March 20th. They issued an “overweight” rating and a $52.00 price target for the company. UBS Group cut their price objective on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Mizuho set a $49.00 price objective on shares of OGE Energy in a research report on Thursday, February 19th. Wells Fargo & Company upped their target price on shares of OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.11.

OGE Energy Stock Up 0.0%

Shares of NYSE OGE opened at $47.90 on Wednesday. The stock has a market cap of $9.88 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 3.42 and a beta of 0.61. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. OGE Energy Corporation has a 52-week low of $40.80 and a 52-week high of $49.55. The business has a 50-day moving average price of $46.44 and a 200 day moving average price of $45.10.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The company had revenue of $725.80 million for the quarter, compared to analyst estimates of $277.80 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. Equities research analysts forecast 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. Stockholders of record on Monday, April 6th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, April 6th. OGE Energy’s payout ratio is presently 73.59%.

OGE Energy Company 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.