Citigroup Inc. Purchases 11,050 Shares of OGE Energy Corporation $OGE

Citigroup Inc. lifted its holdings in OGE Energy Corporation (NYSE:OGE) by 11.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,518 shares of the utilities provider’s stock after purchasing an additional 11,050 shares during the period. Citigroup Inc. owned about 0.05% of OGE Energy worth $4,882,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in OGE. Capital A Wealth Management LLC increased its holdings in OGE Energy by 5,157.1% during the second quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after buying an additional 722 shares during the last quarter. State of Wyoming purchased a new stake in shares of OGE Energy in the 2nd quarter worth $34,000. Golden State Wealth Management LLC raised its holdings in OGE Energy by 427.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 632 shares during the period. Quent Capital LLC purchased a new position in OGE Energy during the third quarter valued at $43,000. Finally, MTM Investment Management LLC purchased a new position in OGE Energy during the second quarter valued at $51,000. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $48.80 on Wednesday. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 3.53 and a beta of 0.61. The firm has a fifty day moving average price of $44.54 and a 200 day moving average price of $44.66. OGE Energy Corporation has a fifty-two week low of $40.80 and a fifty-two week high of $49.55. 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 announced its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The company had revenue of $725.80 million for the quarter, compared to the consensus estimate of $277.80 million. During the same period in the previous year, the firm posted $0.50 EPS. OGE Energy’s revenue for the quarter 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. As a group, sell-side analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

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

Insider Buying and Selling

In related news, CAO Sarah R. Stafford sold 6,130 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were 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 in the company, valued at approximately $1,364,263.43. The trade was a 17.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lyle G. Ganske purchased 10,420 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average cost of $47.99 per share, for a total transaction of $500,055.80. Following the purchase, the director owned 10,420 shares of the company’s stock, valued at $500,055.80. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Mizuho set a $49.00 price target on OGE Energy in a research report on Thursday, February 19th. Barclays reduced their target price on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Wells Fargo & Company upped their price target on shares of OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. BMO Capital Markets began coverage on shares of OGE Energy in a research note on Tuesday, January 13th. They set a “market perform” rating and a $45.00 target price on the stock. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, OGE Energy presently has an average rating of “Moderate Buy” and an average price target of $47.63.

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.