OGE Energy Corporation $OGE Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. decreased its position in shares of OGE Energy Corporation (NYSE:OGE) by 14.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 50,724 shares of the utilities provider’s stock after selling 8,653 shares during the period. Twin Capital Management Inc.’s holdings in OGE Energy were worth $2,251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of OGE Energy by 0.3% during the first quarter. Principal Financial Group Inc. now owns 462,312 shares of the utilities provider’s stock valued at $21,248,000 after acquiring an additional 1,594 shares in the last quarter. World Investment Advisors boosted its holdings in OGE Energy by 24.1% in the first quarter. World Investment Advisors now owns 6,075 shares of the utilities provider’s stock valued at $279,000 after purchasing an additional 1,179 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in OGE Energy by 26.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 13,755 shares of the utilities provider’s stock valued at $632,000 after purchasing an additional 2,920 shares in the last quarter. M&T Bank Corp increased its holdings in OGE Energy by 3.2% during the 1st quarter. M&T Bank Corp now owns 10,328 shares of the utilities provider’s stock worth $475,000 after purchasing an additional 316 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in shares of OGE Energy by 7.8% in the 1st quarter. Alps Advisors Inc. now owns 61,757 shares of the utilities provider’s stock valued at $2,838,000 after purchasing an additional 4,453 shares in the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OGE has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised shares of OGE Energy to a “hold” rating in a research report on Tuesday, October 28th. Mizuho increased their price objective on shares of OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OGE Energy in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group boosted their price objective on OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.75.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $44.12 on Thursday. The company has a market cap of $8.89 billion, a PE ratio of 17.72, a P/E/G ratio of 3.08 and a beta of 0.59. OGE Energy Corporation has a fifty-two week low of $39.41 and a fifty-two week high of $47.33. The firm has a 50-day simple moving average of $45.13 and a 200 day simple moving average of $44.79. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.16.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. OGE Energy had a net margin of 15.28% and a return on equity of 10.86%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. OGE Energy has set its FY 2025 guidance at 2.210-2.330 EPS. On average, sell-side analysts anticipate that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were given a $0.425 dividend. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. This represents a $1.70 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, October 6th. OGE Energy’s dividend payout ratio is 68.27%.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.