Artisan Partners Limited Partnership Sells 111,518 Shares of OGE Energy Corporation $OGE

Artisan Partners Limited Partnership lessened its holdings in OGE Energy Corporation (NYSE:OGE) by 6.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,560,358 shares of the utilities provider’s stock after selling 111,518 shares during the period. Artisan Partners Limited Partnership owned about 0.77% of OGE Energy worth $72,198,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Millennium Management LLC raised its stake in OGE Energy by 1,160.8% in the first quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock worth $4,365,000 after buying an additional 87,433 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of OGE Energy by 54.5% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of OGE Energy by 4.3% during 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 worth $25,768,000 after purchasing an additional 23,051 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of OGE Energy by 7.5% during the 1st quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock worth $420,000 after purchasing an additional 637 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in 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 valued at $1,409,000 after purchasing an additional 24,997 shares in the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. UBS Group decreased their target price on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Barclays cut their price target on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. BMO Capital Markets initiated coverage on OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price target on the stock. Finally, Mizuho set a $49.00 price objective on OGE Energy in a research report on Thursday, February 19th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.63.

OGE Energy Trading Up 1.0%

NYSE OGE opened at $49.09 on Friday. OGE Energy Corporation has a 12-month low of $40.80 and a 12-month high of $49.18. The company has a fifty day simple moving average of $44.30 and a two-hundred day simple moving average of $44.62. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 1.08. The stock has a market cap of $10.12 billion, a P/E ratio of 21.25, a P/E/G ratio of 3.47 and a beta of 0.62.

OGE Energy (NYSE:OGE) last released its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The firm had revenue of $725.80 million for the quarter, compared to the consensus estimate of $277.80 million. During the same period in the prior year, the firm earned $0.50 EPS. The firm’s revenue was down 4.6% on a year-over-year basis. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, analysts forecast that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.5%. OGE Energy’s payout ratio is 73.59%.

Insider Buying and Selling

In other OGE Energy news, Director Lyle G. Ganske acquired 10,420 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were acquired at an average cost of $47.99 per share, with a total value of $500,055.80. Following the acquisition, the director directly owned 10,420 shares of the company’s stock, valued at approximately $500,055.80. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Sarah R. Stafford sold 6,130 shares of the stock in a transaction 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 completion of the sale, the chief accounting officer owned 28,559 shares in the company, valued at $1,364,263.43. The trade was a 17.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.55% of the stock is owned by corporate insiders.

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.