OGE Energy Corporation $OGE Holdings Lifted by Resolution Capital Ltd

Resolution Capital Ltd raised its position in OGE Energy Corporation (NYSE:OGE) by 475.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,175 shares of the utilities provider’s stock after purchasing an additional 145,573 shares during the quarter. Resolution Capital Ltd’s holdings in OGE Energy were worth $8,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in OGE. Root Financial Partners LLC boosted its position in shares of OGE Energy by 111.3% during the first quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock worth $29,000 after buying an additional 315 shares during the period. Quest 10 Wealth Builders Inc. increased its position in OGE Energy by 618.3% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 674 shares during the period. State of Wyoming acquired a new stake in OGE Energy in the 2nd quarter valued at approximately $34,000. Capital Advisors Ltd. LLC raised its stake in OGE Energy by 14,780.0% during the 1st quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 739 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in OGE Energy by 49.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

Insider Buying and Selling at OGE Energy

In other news, insider William H. Sultemeier sold 7,345 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $47.97, for a total transaction of $352,339.65. Following the sale, the insider owned 74,497 shares in the company, valued at $3,573,621.09. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

OGE has been the subject of a number of analyst reports. Barclays boosted their price target on OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. BMO Capital Markets cut their price objective on shares of 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. LADENBURG THALM/SH SH upped their price objective on shares of OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen cut shares of OGE Energy from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, OGE Energy currently has an average rating of “Hold” and a consensus price target of $49.80.

OGE Energy Stock Performance

OGE opened at $49.41 on Wednesday. The business has a 50 day moving average price of $48.25 and a two-hundred day moving average price of $47.22. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.66 and a quick ratio of 0.40. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 3.65 and a beta of 0.53. OGE Energy Corporation has a 1-year low of $41.69 and a 1-year high of $50.59.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The company had revenue of $752.60 million for the quarter, compared to analysts’ expectations of $616.02 million. During the same period last year, the firm earned $0.31 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts predict that OGE Energy Corporation will post 2.42 EPS for the current fiscal year.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, July 6th. OGE Energy’s dividend payout ratio is 75.89%.

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.