Money Concepts Capital Corp Invests $465,000 in OGE Energy Corporation $OGE

Money Concepts Capital Corp acquired a new stake in shares of OGE Energy Corporation (NYSE:OGE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,890 shares of the utilities provider’s stock, valued at approximately $465,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. AE Wealth Management LLC boosted its holdings in OGE Energy by 4.7% in the third quarter. AE Wealth Management LLC now owns 356,485 shares of the utilities provider’s stock worth $16,495,000 after acquiring an additional 16,058 shares in the last quarter. ProShare Advisors LLC boosted its holdings in OGE Energy by 6.1% in 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 in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in OGE Energy by 302.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 58,392 shares of the utilities provider’s stock worth $2,702,000 after acquiring an additional 43,895 shares in the last quarter. 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 worth $61,805,000 after acquiring an additional 93,462 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in OGE Energy by 25.1% in the third quarter. JPMorgan Chase & Co. now owns 1,092,661 shares of the utilities provider’s stock worth $50,557,000 after acquiring an additional 219,413 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Down 0.7%

Shares of NYSE:OGE opened at $47.30 on Thursday. OGE Energy Corporation has a 52-week low of $41.69 and a 52-week high of $50.13. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 3.53 and a beta of 0.55. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $47.92 and a 200-day moving average price of $45.60.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The firm had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $616.02 million. During the same period last year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. OGE Energy has set its FY 2026 guidance at 2.38-2.48 EPS. Equities analysts predict that OGE Energy Corporation will post 2.42 EPS for the current year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Monday, April 6th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, April 6th. OGE Energy’s dividend payout ratio (DPR) is presently 75.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings raised OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. LADENBURG THALM/SH SH raised their price target on OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. assumed coverage on OGE Energy in a report on Friday, March 20th. They issued an “overweight” rating and a $52.00 price target for the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Finally, Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.11.

Insider Activity

In other news, Director Lyle G. Ganske acquired 10,420 shares of OGE Energy stock in a transaction dated Monday, February 23rd. The stock was purchased at an average cost of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the purchase, the director directly owned 10,420 shares in the company, valued at $500,055.80. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value 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 ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.57% of the company’s stock.

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.