Tema Etfs LLC Boosts Position in OGE Energy Corporation $OGE

Tema Etfs LLC raised its position in OGE Energy Corporation (NYSE:OGE) by 34.7% during the 2nd quarter, Holdings Channel reports. The firm owned 95,420 shares of the utilities provider’s stock after acquiring an additional 24,600 shares during the quarter. OGE Energy comprises about 1.1% of Tema Etfs LLC’s holdings, making the stock its 28th biggest position. Tema Etfs LLC’s holdings in OGE Energy were worth $4,235,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. LPL Financial LLC boosted its position in shares of OGE Energy by 14.7% in the 1st quarter. LPL Financial LLC now owns 231,189 shares of the utilities provider’s stock worth $10,625,000 after buying an additional 29,650 shares in the last quarter. Natixis Advisors LLC raised its position in OGE Energy by 0.3% during the first quarter. Natixis Advisors LLC now owns 71,892 shares of the utilities provider’s stock worth $3,304,000 after acquiring an additional 250 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of OGE Energy by 1.7% in the first quarter. Blair William & Co. IL now owns 26,565 shares of the utilities provider’s stock valued at $1,221,000 after purchasing an additional 437 shares in the last quarter. Intrust Bank NA purchased a new stake in shares of OGE Energy in the first quarter valued at about $214,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of OGE Energy by 0.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,362,207 shares of the utilities provider’s stock valued at $62,607,000 after purchasing an additional 11,864 shares during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Royal Bank Of Canada raised OGE Energy to a “hold” rating in a research report on Tuesday, October 28th. Jefferies Financial Group boosted their price target on OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Mizuho upped their price objective on OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of OGE Energy in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, OGE Energy presently has an average rating of “Moderate Buy” and an average price target of $48.75.

OGE Energy Stock Down 1.7%

OGE stock opened at $43.49 on Friday. The company has a 50 day moving average price of $45.29 and a two-hundred day moving average price of $44.79. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.52 and a current ratio of 0.80. The stock has a market capitalization of $8.76 billion, a P/E ratio of 17.46, a PEG ratio of 2.79 and a beta of 0.61. OGE Energy Corporation has a one year low of $39.41 and a one year high of $47.33.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. OGE Energy had a return on equity of 10.77% and a net margin of 15.28%.OGE Energy’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 EPS. As a group, sell-side analysts expect that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be issued a $0.425 dividend. The ex-dividend date is Monday, January 5th. This represents a $1.70 annualized dividend and a yield of 3.9%. OGE Energy’s payout ratio is 68.27%.

OGE Energy Profile

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.