Renaissance Technologies LLC Purchases 108,100 Shares of OGE Energy Corporation $OGE

Renaissance Technologies LLC raised its position in OGE Energy Corporation (NYSE:OGE) by 47.2% during the first quarter, Holdings Channel reports. The firm owned 337,300 shares of the utilities provider’s stock after purchasing an additional 108,100 shares during the period. Renaissance Technologies LLC’s holdings in OGE Energy were worth $16,177,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of OGE. Oak Thistle LLC lifted its holdings in OGE Energy by 368.0% in the fourth quarter. Oak Thistle LLC now owns 54,337 shares of the utilities provider’s stock valued at $2,320,000 after buying an additional 42,726 shares during the period. Pictet Asset Management Holding SA grew its holdings in OGE Energy by 915.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 328,260 shares of the utilities provider’s stock worth $14,017,000 after acquiring an additional 295,932 shares during the period. Geode Capital Management LLC grew its holdings in OGE Energy by 5.6% during the 4th quarter. Geode Capital Management LLC now owns 3,825,542 shares of the utilities provider’s stock worth $163,397,000 after acquiring an additional 204,510 shares during the period. Norges Bank bought a new position in shares of OGE Energy in the 4th quarter worth about $119,028,000. Finally, Gaddis Premier Wealth Advisors LLC bought a new position in shares of OGE Energy in the 4th quarter worth about $1,430,000. 71.84% of the stock is owned by institutional investors.

Insider Buying and Selling at OGE Energy

In other news, insider William H. Sultemeier sold 7,345 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $47.97, for a total transaction of $352,339.65. Following the transaction, the insider directly owned 74,497 shares of the company’s stock, valued at $3,573,621.09. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by insiders.

OGE Energy Stock Performance

Shares of OGE opened at $47.45 on Friday. OGE Energy Corporation has a one year low of $41.69 and a one year high of $50.59. The company has a market cap of $9.80 billion, a PE ratio of 20.90, a P/E/G ratio of 3.50 and a beta of 0.53. The stock has a 50-day moving average of $48.21 and a 200-day moving average of $47.29. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.77 and a quick ratio of 0.40.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $711.90 million for the quarter, compared to the consensus estimate of $782.73 million. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, equities research analysts predict that OGE Energy Corporation will post 2.42 EPS for the current fiscal year.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were issued a dividend of $0.425 per share. The ex-dividend date was Monday, July 6th. This represents a $1.70 annualized dividend and a dividend yield of 3.6%. OGE Energy’s payout ratio is currently 74.89%.

Wall Street Analyst Weigh In

OGE has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price objective on OGE Energy from $50.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Wells Fargo & Company raised their target price on OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Barclays lifted their target price on OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. LADENBURG THALM/SH SH increased their price target on OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, OGE Energy has a consensus rating of “Hold” and an average price target of $49.80.

About OGE Energy

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.