Mirabella Financial Services LLP Has $2.32 Million Position in OGE Energy Corporation $OGE

Mirabella Financial Services LLP boosted its holdings in OGE Energy Corporation (NYSE:OGE) by 180.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,313 shares of the utilities provider’s stock after acquiring an additional 32,352 shares during the quarter. Mirabella Financial Services LLP’s holdings in OGE Energy were worth $2,324,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in OGE. Capital A Wealth Management LLC lifted 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 worth $33,000 after purchasing an additional 722 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of OGE Energy by 49.4% in the 3rd 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. State of Wyoming acquired a new position in shares of OGE Energy in the 2nd quarter worth approximately $34,000. Quent Capital LLC acquired a new position in shares of OGE Energy in the 3rd quarter worth approximately $43,000. Finally, Mather Group LLC. bought a new position in shares of OGE Energy during the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Sarah R. Stafford sold 6,130 shares of the firm’s 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 completion of the sale, the chief accounting officer directly owned 28,559 shares in the company, valued at approximately $1,364,263.43. This trade represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lyle G. Ganske purchased 10,420 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average cost of $47.99 per share, with a total value of $500,055.80. Following the completion of the acquisition, the director directly owned 10,420 shares of the company’s stock, valued at $500,055.80. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on OGE. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. 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 research note on Thursday, February 19th. Barclays cut their price objective on OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. BMO Capital Markets started coverage on shares of 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. Finally, Mizuho set a $49.00 target price on shares of OGE Energy in a report on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.63.

OGE Energy Stock Down 0.9%

Shares of OGE opened at $47.77 on Thursday. The company has a market capitalization of $9.85 billion, a P/E ratio of 20.68, a PEG ratio of 3.45 and a beta of 0.61. OGE Energy Corporation has a one year low of $40.80 and a one year high of $49.55. The business’s 50 day simple moving average is $45.72 and its 200-day simple moving average is $44.90. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The firm had revenue of $725.80 million during the quarter, compared to analysts’ expectations of $277.80 million. During the same period last year, the firm posted $0.50 EPS. The business’s revenue was down 4.6% on a year-over-year basis. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. As a group, sell-side analysts predict that OGE Energy Corporation will post 2.27 EPS for the current fiscal 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 paid a $0.425 dividend. The ex-dividend date is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.6%. OGE Energy’s dividend payout ratio (DPR) is 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.