Envestnet Asset Management Inc. Sells 24,092 Shares of OGE Energy Corporation $OGE

Envestnet Asset Management Inc. lessened its position in OGE Energy Corporation (NYSE:OGE) by 29.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,769 shares of the utilities provider’s stock after selling 24,092 shares during the period. Envestnet Asset Management Inc.’s holdings in OGE Energy were worth $2,627,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC increased its stake in shares of OGE Energy by 1,160.8% in the first quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock valued at $4,365,000 after buying an additional 87,433 shares during the period. Goldman Sachs Group Inc. grew its holdings in 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 acquiring an additional 367,960 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in OGE Energy by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider’s stock valued at $25,768,000 after acquiring an additional 23,051 shares during the period. Focus Partners Wealth raised its stake in shares of OGE Energy by 7.5% during the first quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock valued at $420,000 after acquiring an additional 637 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of OGE Energy by 370.4% during the second quarter. Y Intercept Hong Kong Ltd now owns 31,745 shares of the utilities provider’s stock worth $1,409,000 after purchasing an additional 24,997 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on OGE. Royal Bank Of Canada restated a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. BMO Capital Markets assumed coverage on OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price objective for the company. Mizuho set a $49.00 price objective on OGE Energy in a research note on Thursday, February 19th. Wells Fargo & Company upped their target price on OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a 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 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.63.

OGE Energy Price Performance

Shares of OGE opened at $48.54 on Friday. The firm has a market cap of $10.01 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 3.46 and a beta of 0.62. OGE Energy Corporation has a 52-week low of $40.80 and a 52-week high of $48.72. The business’s 50 day moving average price is $44.17 and its two-hundred day moving average price is $44.60. 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 (NYSE:OGE) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $725.80 million during the quarter, compared to analyst estimates of $277.80 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. OGE Energy’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 EPS. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, equities analysts anticipate that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be paid 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 currently 73.59%.

Insider Transactions at OGE Energy

In related news, 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 transaction of $292,830.10. Following the transaction, the chief accounting officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lyle G. Ganske acquired 10,420 shares of OGE Energy stock in a transaction on Monday, February 23rd. The stock was purchased at an average cost 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 approximately $500,055.80. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.55% of the company’s stock.

OGE Energy Company 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.