Dimensional Fund Advisors LP Purchases 35,162 Shares of OGE Energy Corporation $OGE

Dimensional Fund Advisors LP increased its position in shares of OGE Energy Corporation (NYSE:OGE) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,613,959 shares of the utilities provider’s stock after purchasing an additional 35,162 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.30% of OGE Energy worth $120,944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OGE. Norges Bank bought a new position in shares of OGE Energy during the 2nd quarter worth approximately $101,421,000. Boston Partners grew its holdings in shares of OGE Energy by 15.7% in the second quarter. Boston Partners now owns 6,248,222 shares of the utilities provider’s stock valued at $277,388,000 after acquiring an additional 846,365 shares in the last quarter. First Trust Advisors LP increased its position in shares of OGE Energy by 51.2% during the second quarter. First Trust Advisors LP now owns 2,359,899 shares of the utilities provider’s stock valued at $104,732,000 after acquiring an additional 799,264 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of OGE Energy by 54.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock valued at $47,966,000 after acquiring an additional 367,960 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in OGE Energy by 303.9% during the second quarter. Edgestream Partners L.P. now owns 344,286 shares of the utilities provider’s stock worth $15,279,000 after acquiring an additional 259,053 shares during the period. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at OGE Energy

In other OGE Energy news, Director Lyle G. Ganske bought 10,420 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was purchased at an average price of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the transaction, the director directly owned 10,420 shares of the company’s stock, valued at $500,055.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Sarah R. Stafford sold 6,130 shares of OGE Energy stock in a transaction dated 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 transaction, the chief accounting officer owned 28,559 shares of the company’s stock, 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. Insiders own 0.55% of the company’s stock.

OGE Energy Price Performance

OGE Energy stock opened at $47.08 on Thursday. The business’s 50 day simple moving average is $45.16 and its 200 day simple moving average is $44.79. OGE Energy Corporation has a 12 month low of $40.80 and a 12 month high of $49.55. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 3.41 and a beta of 0.61. 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 (NYSE:OGE) last released its 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. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The business had revenue of $725.80 million during the quarter, compared to the consensus estimate of $277.80 million. During the same period last year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Sell-side analysts forecast that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, April 6th. OGE Energy’s payout ratio is currently 73.59%.

OGE Energy 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.