OGE Energy Corporation $OGE Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its stake in shares of OGE Energy Corporation (NYSE:OGE) by 101.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,061 shares of the utilities provider’s stock after acquiring an additional 12,143 shares during the period. Elo Mutual Pension Insurance Co’s holdings in OGE Energy were worth $1,113,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. AE Wealth Management LLC grew 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 valued at $16,495,000 after purchasing an additional 16,058 shares during the last quarter. ProShare Advisors LLC grew its stake in OGE Energy by 6.1% in the 3rd quarter. ProShare Advisors LLC now owns 779,470 shares of the utilities provider’s stock valued at $36,066,000 after acquiring an additional 44,503 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in OGE Energy by 302.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 58,392 shares of the utilities provider’s stock valued at $2,702,000 after acquiring an additional 43,895 shares in the last quarter. Pacer Advisors Inc. raised its position in OGE Energy by 390.6% during the third quarter. Pacer Advisors Inc. now owns 36,805 shares of the utilities provider’s stock worth $1,703,000 after acquiring an additional 29,303 shares during the last quarter. Finally, Reaves W H & Co. Inc. raised its position in OGE Energy by 7.5% during 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 during the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays lowered their price target on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. UBS Group dropped their price target on OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Mizuho set a $49.00 price target on OGE Energy in a report on Thursday, February 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. Finally, Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.63.

OGE Energy Trading Down 1.3%

Shares of OGE Energy stock opened at $48.25 on Friday. OGE Energy Corporation has a fifty-two week low of $40.80 and a fifty-two week high of $49.55. The business’s fifty day moving average is $44.77 and its two-hundred day moving average is $44.72. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. The firm has a market cap of $9.95 billion, a PE ratio of 20.89, a P/E/G ratio of 3.50 and a beta of 0.61.

OGE Energy (NYSE:OGE) last released its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 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 during the quarter, compared to analyst estimates of $277.80 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be given a $0.425 dividend. The ex-dividend date of this dividend 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 Buying and Selling

In related news, Director Lyle G. Ganske acquired 10,420 shares of the stock in a transaction dated Monday, February 23rd. The stock was bought 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 represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Sarah R. Stafford sold 6,130 shares of the company’s stock in a transaction 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 sale, the chief accounting officer owned 28,559 shares of the company’s stock, valued at approximately $1,364,263.43. The trade was 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 currently owned by 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.