OGE Energy Corporation (NYSE:OGE) Short Interest Up 25.1% in January

OGE Energy Corporation (NYSE:OGE) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 8,897,536 shares, a growth of 25.1% from the January 15th total of 7,110,084 shares. Based on an average daily trading volume, of 1,767,297 shares, the short-interest ratio is currently 5.0 days. Currently, 4.4% of the shares of the stock are short sold. Currently, 4.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,767,297 shares, the short-interest ratio is currently 5.0 days.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OGE. BMO Capital Markets began coverage on shares of OGE Energy in a report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 target price for the company. Wells Fargo & Company downgraded shares of OGE Energy from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $45.00 to $39.00 in a research note on Tuesday, January 20th. Jefferies Financial Group boosted their target price on shares of OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. UBS Group lowered their target price on OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, OGE Energy currently has a consensus rating of “Hold” and an average target price of $47.13.

OGE Energy Price Performance

NYSE:OGE remained flat at $46.98 during trading hours on Tuesday. 2,245,891 shares of the company’s stock were exchanged, compared to its average volume of 1,625,418. The stock has a fifty day moving average price of $43.51 and a 200-day moving average price of $44.48. OGE Energy has a 1-year low of $40.80 and a 1-year high of $47.50. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 3.36 and a beta of 0.62. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.12.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Monday, January 5th were paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, January 5th. OGE Energy’s dividend payout ratio (DPR) is 68.27%.

Hedge Funds Weigh In On OGE Energy

A number of large investors have recently modified their holdings of OGE. Capital A Wealth Management LLC raised its holdings in OGE Energy by 5,157.1% during the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock worth $33,000 after buying an additional 722 shares during the last quarter. Quest 10 Wealth Builders Inc. increased its position in shares of OGE Energy by 618.3% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 674 shares in the last quarter. State of Wyoming acquired a new stake in shares of OGE Energy in the 2nd quarter worth about $34,000. Golden State Wealth Management LLC lifted its position in OGE Energy by 427.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 632 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of OGE Energy by 49.4% in 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. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Company 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.