Mirabella Financial Services LLP Has $2.32 Million Stake in OGE Energy Corporation $OGE

Mirabella Financial Services LLP increased its stake in shares of OGE Energy Corporation (NYSE:OGE) by 180.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 50,313 shares of the utilities provider’s stock after acquiring an additional 32,352 shares during the quarter. Mirabella Financial Services LLP’s holdings in OGE Energy were worth $2,324,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. AE Wealth Management LLC boosted its position in OGE Energy by 4.7% in the 3rd quarter. AE Wealth Management LLC now owns 356,485 shares of the utilities provider’s stock valued at $16,495,000 after buying an additional 16,058 shares during the last quarter. ProShare Advisors LLC raised its position in shares of OGE Energy by 6.1% during the third quarter. ProShare Advisors LLC now owns 779,470 shares of the utilities provider’s stock worth $36,066,000 after acquiring an additional 44,503 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of OGE Energy by 302.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 58,392 shares of the utilities provider’s stock valued at $2,702,000 after acquiring an additional 43,895 shares during the period. Pacer Advisors Inc. lifted its stake in shares of OGE Energy by 390.6% during the third quarter. Pacer Advisors Inc. now owns 36,805 shares of the utilities provider’s stock valued at $1,703,000 after acquiring an additional 29,303 shares during the period. Finally, Reaves W H & Co. Inc. boosted its holdings in OGE Energy by 7.5% in the third quarter. Reaves W H & Co. Inc. now owns 1,335,747 shares of the utilities provider’s stock valued at $61,805,000 after acquiring an additional 93,462 shares during the last quarter. Institutional investors own 71.84% of the company’s stock.

Insider Activity at OGE Energy

In other news, Director Lyle G. Ganske acquired 10,420 shares of OGE Energy stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average price of $47.99 per share, with a total value of $500,055.80. Following the purchase, the director directly owned 10,420 shares of the company’s stock, valued at $500,055.80. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sarah R. Stafford sold 6,130 shares of the business’s 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 transaction, the chief accounting officer owned 28,559 shares of the company’s stock, valued at approximately $1,364,263.43. This represents a 17.67% decrease in their position. The SEC filing for this sale provides additional information. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently commented on OGE shares. Barclays lowered their price objective on OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. BMO Capital Markets assumed coverage on shares of OGE Energy in a research note on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. UBS Group dropped their price target on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, OGE Energy has an average rating of “Moderate Buy” and an average target price of $47.63.

OGE Energy Trading Down 0.9%

NYSE OGE opened at $47.77 on Thursday. OGE Energy Corporation has a 12 month low of $40.80 and a 12 month high of $49.55. The stock has a 50-day simple moving average of $45.72 and a 200 day simple moving average of $44.90. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $9.85 billion, a PE ratio of 20.68, a P/E/G ratio of 3.45 and a beta of 0.61.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $725.80 million for the quarter, compared to analysts’ expectations of $277.80 million. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The company’s revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 earnings per share. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Research analysts forecast that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, April 6th. OGE Energy’s dividend payout ratio (DPR) is currently 73.59%.

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.