OGE Energy Corporation $OGE Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its stake in shares of OGE Energy Corporation (NYSE:OGE) by 34.7% in the 4th quarter, Holdings Channel reports. The fund owned 61,174 shares of the utilities provider’s stock after acquiring an additional 15,766 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in OGE Energy were worth $2,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC increased its holdings in shares of OGE Energy by 5,157.1% in the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 722 shares during the period. Caitong International Asset Management Co. Ltd raised its stake 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 worth $36,000 after purchasing an additional 255 shares during the last quarter. State of Wyoming acquired a new stake in shares of OGE Energy during the second quarter worth $34,000. Quent Capital LLC acquired a new stake in shares of OGE Energy during the third quarter worth $43,000. Finally, Mather Group LLC. purchased a new position in OGE Energy in the 3rd quarter valued at $63,000. 71.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. Barclays reduced their target price on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Wells Fargo & Company lifted their target price on shares of OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. UBS Group cut their price target on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, BMO Capital Markets began coverage on shares of OGE Energy in a research report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price objective for the company. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $48.11.

OGE Energy Trading Up 0.0%

Shares of OGE stock opened at $47.90 on Wednesday. The business’s fifty day moving average price is $46.44 and its 200 day moving average price is $45.10. The firm has a market capitalization of $9.88 billion, a PE ratio of 20.73, a P/E/G ratio of 3.42 and a beta of 0.61. 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 Corporation has a 1-year low of $40.80 and a 1-year high of $49.55.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, February 17th. The utilities provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $725.80 million during the quarter, compared to the consensus estimate of $277.80 million. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.OGE Energy’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. As a group, sell-side analysts forecast that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors 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 annualized dividend and a dividend yield of 3.5%. OGE Energy’s dividend payout ratio (DPR) is 73.59%.

Insider Transactions at OGE Energy

In related news, Director Lyle G. Ganske bought 10,420 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was bought 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 owned 10,420 shares in the company, valued at approximately $500,055.80. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sarah R. Stafford sold 6,130 shares of OGE Energy stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $47.77, for a total transaction of $292,830.10. Following the sale, the chief accounting officer owned 28,559 shares of the company’s stock, valued at approximately $1,364,263.43. The trade was a 17.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.53% of the stock is currently owned by insiders.

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.