Horizon Investments LLC Sells 16,204 Shares of OGE Energy Corporation $OGE

Horizon Investments LLC cut its position in shares of OGE Energy Corporation (NYSE:OGE) by 80.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,060 shares of the utilities provider’s stock after selling 16,204 shares during the period. Horizon Investments LLC’s holdings in OGE Energy were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quest 10 Wealth Builders Inc. increased its position in shares of OGE Energy by 618.3% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 674 shares during the period. State of Wyoming bought a new stake in shares of OGE Energy during the second quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd increased its position in shares of OGE Energy by 49.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 255 shares during the period. Quent Capital LLC bought a new stake in shares of OGE Energy during the third quarter valued at approximately $43,000. Finally, Smartleaf Asset Management LLC increased its position in shares of OGE Energy by 86.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,464 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 677 shares during the period. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Stock Performance

Shares of NYSE:OGE opened at $47.35 on Monday. The business’s fifty day moving average price is $48.03 and its two-hundred day moving average price is $45.57. OGE Energy Corporation has a fifty-two week low of $41.69 and a fifty-two week high of $50.13. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 3.51 and a beta of 0.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.66 and a quick ratio of 0.40.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The firm had revenue of $752.60 million for the quarter, compared to analysts’ expectations of $616.02 million. During the same period in the prior year, the business posted $0.31 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. OGE Energy has set its FY 2026 guidance at 2.38-2.48 EPS. As a group, analysts predict that OGE Energy Corporation will post 2.42 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 6th were given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, April 6th. OGE Energy’s dividend payout ratio is 75.89%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays boosted their price objective on OGE Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. assumed coverage on OGE Energy in a research report on Friday, March 20th. They set an “overweight” rating and a $52.00 price objective on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, BMO Capital Markets initiated coverage on OGE Energy in a research report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price target on the stock. Four 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 company has an average rating of “Hold” and an average target price of $49.38.

Insiders Place Their Bets

In other OGE Energy news, Director Lyle G. Ganske bought 10,420 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were bought at an average price 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 of the company’s stock, valued at approximately $500,055.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 value of $292,830.10. Following the sale, the chief accounting officer owned 28,559 shares in the company, valued at $1,364,263.43. The trade was a 17.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.57% 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.