OGE Energy Corporation $OGE Shares Bought by Tema ETFs LLC

Tema ETFs LLC raised its stake in OGE Energy Corporation (NYSE:OGE) by 106.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 672,718 shares of the utilities provider’s stock after buying an additional 346,304 shares during the quarter. OGE Energy makes up approximately 1.1% of Tema ETFs LLC’s investment portfolio, making the stock its 23rd largest position. Tema ETFs LLC’s holdings in OGE Energy were worth $32,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in OGE Energy by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 3,825,542 shares of the utilities provider’s stock worth $163,397,000 after purchasing an additional 204,510 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of OGE Energy by 915.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 328,260 shares of the utilities provider’s stock valued at $14,017,000 after buying an additional 295,932 shares during the period. Gaddis Premier Wealth Advisors LLC purchased a new stake in shares of OGE Energy in the 4th quarter valued at approximately $1,430,000. Norges Bank acquired a new stake in shares of OGE Energy during the 4th quarter worth approximately $119,028,000. Finally, Inspire Trust Co. N.A. increased its holdings in shares of OGE Energy by 19.0% during the 4th quarter. Inspire Trust Co. N.A. now owns 138,000 shares of the utilities provider’s stock worth $5,893,000 after buying an additional 22,000 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

OGE Energy Stock Performance

Shares of OGE stock opened at $46.37 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.77. The firm has a market cap of $9.58 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.42 and a beta of 0.53. The firm’s 50 day moving average price is $48.14 and its 200-day moving average price is $47.49. OGE Energy Corporation has a one year low of $41.69 and a one year high of $50.59.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $711.90 million during the quarter, compared to the consensus estimate of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. As a group, equities research analysts predict that OGE Energy Corporation will post 2.42 EPS for the current year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were paid a $0.425 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.7%. OGE Energy’s payout ratio is presently 74.89%.

Analyst Ratings Changes

OGE has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH upped their price objective on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets reduced their target price on OGE Energy from $50.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Morgan Stanley set a $51.00 price target on OGE Energy in a research note on Wednesday, July 22nd. Wells Fargo & Company increased their price target on OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, OGE Energy presently has a consensus rating of “Hold” and a consensus price target of $49.80.

Insider Activity

In related news, insider William H. Sultemeier sold 7,345 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.97, for a total value of $352,339.65. Following the sale, the insider owned 74,497 shares in the company, valued at approximately $3,573,621.09. The trade was a 8.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.