Fisher Asset Management LLC Takes Position in OGE Energy Corporation $OGE

Fisher Asset Management LLC purchased a new position in shares of OGE Energy Corporation (NYSE:OGE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,757 shares of the utilities provider’s stock, valued at approximately $1,701,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AE Wealth Management LLC increased its position in shares of OGE Energy by 4.7% during the third quarter. AE Wealth Management LLC now owns 356,485 shares of the utilities provider’s stock valued at $16,495,000 after acquiring an additional 16,058 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of OGE Energy by 302.8% in 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 during the period. ProShare Advisors LLC lifted its holdings in shares of OGE Energy by 6.1% in the 3rd quarter. ProShare Advisors LLC now owns 779,470 shares of the utilities provider’s stock worth $36,066,000 after acquiring an additional 44,503 shares during the last quarter. Reaves W H & Co. Inc. boosted its position in shares of OGE Energy by 7.5% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,335,747 shares of the utilities provider’s stock worth $61,805,000 after purchasing an additional 93,462 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of OGE Energy by 390.6% during the 3rd quarter. Pacer Advisors Inc. now owns 36,805 shares of the utilities provider’s stock worth $1,703,000 after purchasing an additional 29,303 shares during the period. 71.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OGE shares. Mizuho set a $49.00 target price on OGE Energy in a research report on Thursday, February 19th. UBS Group lowered 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. Barclays cut their price objective on OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.63.

Insider Activity 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 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 represents a 17.67% 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, Director Lyle G. Ganske acquired 10,420 shares of OGE Energy stock in a transaction dated Monday, February 23rd. The shares were bought at an average price of $47.99 per share, with a total value of $500,055.80. Following the transaction, the director directly owned 10,420 shares in the company, valued at approximately $500,055.80. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.55% of the stock is owned by insiders.

OGE Energy Stock Performance

Shares of OGE stock opened at $48.24 on Friday. The company has a market cap of $9.95 billion, a P/E ratio of 20.88, a PEG ratio of 3.46 and a beta of 0.61. The firm has a fifty day moving average price of $44.88 and a 200 day moving average price of $44.74. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 1.08. OGE Energy Corporation has a 12 month low of $40.80 and a 12 month high of $49.55.

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

OGE Energy Announces Dividend

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

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.