OGE Energy Corporation $OGE Position Trimmed by HUB Investment Partners LLC

HUB Investment Partners LLC trimmed its holdings in shares of OGE Energy Corporation (NYSE:OGE) by 15.9% during the third quarter, Holdings Channel reports. The firm owned 125,128 shares of the utilities provider’s stock after selling 23,662 shares during the quarter. HUB Investment Partners LLC’s holdings in OGE Energy were worth $5,790,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in shares of OGE Energy during the 2nd quarter valued at about $101,421,000. Boston Partners grew its holdings in shares of OGE Energy by 15.7% during the second quarter. Boston Partners now owns 6,248,222 shares of the utilities provider’s stock valued at $277,388,000 after purchasing an additional 846,365 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of OGE Energy by 51.2% during the second quarter. First Trust Advisors LP now owns 2,359,899 shares of the utilities provider’s stock valued at $104,732,000 after purchasing an additional 799,264 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of OGE Energy by 54.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock worth $47,966,000 after purchasing an additional 367,960 shares during the period. Finally, Edgestream Partners L.P. lifted its holdings in shares of OGE Energy by 303.9% in the 2nd quarter. Edgestream Partners L.P. now owns 344,286 shares of the utilities provider’s stock worth $15,279,000 after purchasing an additional 259,053 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OGE has been the subject of a number of recent research reports. UBS Group lowered their price objective on OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. BMO Capital Markets assumed coverage on shares of OGE Energy in a report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Mizuho set a $49.00 target price on shares of OGE Energy in a research report on Thursday, February 19th. Finally, Barclays decreased their target price on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.63.

Insider Buying and Selling

In related news, Director Lyle G. Ganske acquired 10,420 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average price 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 of the company’s stock, valued at $500,055.80. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Sarah R. Stafford sold 6,130 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total value of $292,830.10. Following the completion of the sale, the chief accounting officer 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. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is owned by company insiders.

OGE Energy Trading Down 0.0%

NYSE:OGE opened at $48.24 on Friday. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 3.46 and a beta of 0.61. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.49 and a current ratio of 0.78. OGE Energy Corporation has a 1 year low of $40.80 and a 1 year high of $49.55. The business has a fifty day moving average of $44.88 and a 200-day moving average of $44.74.

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

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be issued a $0.425 dividend. The ex-dividend date is Monday, April 6th. This represents a $1.70 annualized dividend and a dividend yield of 3.5%. OGE Energy’s dividend payout ratio (DPR) is 73.59%.

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.