OGE Energy Corporation $OGE Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC cut its position in OGE Energy Corporation (NYSE:OGE) by 7.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 141,765 shares of the utilities provider’s stock after selling 11,107 shares during the period. New Age Alpha Advisors LLC’s holdings in OGE Energy were worth $6,053,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. grew its stake in shares of OGE Energy by 19.4% in the fourth quarter. Hantz Financial Services Inc. now owns 7,065 shares of the utilities provider’s stock valued at $302,000 after buying an additional 1,148 shares in the last quarter. Prospera Financial Services Inc grew its stake in shares of OGE Energy by 14.1% in the fourth quarter. Prospera Financial Services Inc now owns 8,917 shares of the utilities provider’s stock valued at $381,000 after buying an additional 1,101 shares in the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in shares of OGE Energy in the fourth quarter valued at $33,929,000. MQS Management LLC grew its stake in shares of OGE Energy by 73.5% in the fourth quarter. MQS Management LLC now owns 20,015 shares of the utilities provider’s stock valued at $855,000 after buying an additional 8,477 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of OGE Energy by 216.5% in the fourth quarter. Global Retirement Partners LLC now owns 9,645 shares of the utilities provider’s stock valued at $412,000 after buying an additional 6,598 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 value of $352,339.65. Following the completion of 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 SEC, which is available through this hyperlink. Also, CAO Sarah R. Stafford sold 6,130 shares of the company’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 value of $292,830.10. Following the completion of the transaction, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. This trade represents a 17.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.57% of the company’s stock.

OGE Energy Trading Up 0.0%

NYSE:OGE opened at $48.56 on Monday. The stock has a 50-day simple moving average of $47.85 and a 200-day simple moving average of $45.73. The stock has a market cap of $10.02 billion, a P/E ratio of 21.68, a P/E/G ratio of 3.60 and a beta of 0.55. OGE Energy Corporation has a 1 year low of $41.69 and a 1 year high of $50.13. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.40 and a current ratio of 0.66.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $616.02 million. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. As a group, analysts anticipate that OGE Energy Corporation will post 2.42 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, July 6th. OGE Energy’s dividend payout ratio is 75.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OGE shares. LADENBURG THALM/SH SH lifted their price objective on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Barclays lifted their target price on OGE Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, April 20th. JPMorgan Chase & Co. assumed coverage on OGE Energy in a report on Friday, March 20th. They issued an “overweight” rating and a $52.00 target price for the company. Weiss Ratings upgraded OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Mizuho set a $49.00 target price on OGE Energy in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.11.

Key OGE Energy News

Here are the key news stories impacting OGE Energy this week:

• Positive Sentiment: Zacks Research raised its fiscal 2027 earnings estimate to $2.59 per share from $2.58, suggesting slightly improved expectations for OGE Energy’s medium-term profitability.
• Positive Sentiment: The firm also nudged up its fiscal 2028 EPS estimate to $2.80 from $2.79, reinforcing a more favorable longer-term outlook for the utility. OGE Energy analyst update
• Positive Sentiment: Analysts lifted near-term 2026 and 2027 quarterly estimates in several cases, including Q3 2026 EPS to $0.95 and Q3 2027 EPS to $0.96, which may help sentiment around earnings stability.
• Neutral Sentiment: OGE Energy’s latest quarterly results matched EPS expectations at $0.24 per share, while revenue came in above estimates, so there was no major earnings surprise driving the stock.
• Negative Sentiment: Some near-term estimates were trimmed, including Q2 2027 EPS to $0.63 from $0.69, Q4 2027 EPS to $0.59 from $0.61, and Q1 2028 EPS to $0.54 from $0.57, which could temper upside expectations.

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.