Algert Global LLC Cuts Stake in OGE Energy Corporation $OGE

Algert Global LLC cut its holdings in OGE Energy Corporation (NYSE:OGE) by 16.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,409 shares of the utilities provider’s stock after selling 37,140 shares during the period. Algert Global LLC owned 0.10% of OGE Energy worth $8,856,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Boston Partners lifted its holdings in shares of OGE Energy by 0.5% in the third quarter. Boston Partners now owns 6,279,360 shares of the utilities provider’s stock worth $290,530,000 after buying an additional 31,138 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of OGE Energy by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,555,290 shares of the utilities provider’s stock valued at $157,824,000 after purchasing an additional 26,569 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of OGE Energy by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,613,959 shares of the utilities provider’s stock worth $120,944,000 after purchasing an additional 35,162 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of OGE Energy by 3.6% in the third quarter. First Trust Advisors LP now owns 2,444,990 shares of the utilities provider’s stock worth $113,130,000 after purchasing an additional 85,091 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of OGE Energy in the second quarter worth about $101,421,000. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Price Performance

OGE opened at $48.38 on Tuesday. The firm has a market capitalization of $9.98 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 3.47 and a beta of 0.61. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49. The business’s 50-day moving average is $45.49 and its two-hundred day moving average is $44.85. OGE Energy Corporation has a 1 year low of $40.80 and a 1 year high of $49.55.

OGE Energy (NYSE:OGE) last released its quarterly 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. The business had revenue of $725.80 million during the quarter, compared to analyst estimates of $277.80 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Research analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

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 paid 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 payout ratio is presently 73.59%.

Wall Street Analysts Forecast Growth

OGE has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on shares of OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Barclays decreased their target price on OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Wall Street Zen upgraded 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 OGE Energy in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, OGE Energy presently has an average rating of “Moderate Buy” and a consensus price target of $47.63.

Insider Transactions at OGE Energy

In other news, Director Lyle G. Ganske bought 10,420 shares of the 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 purchase, the director directly owned 10,420 shares in the company, valued at $500,055.80. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Sarah R. Stafford sold 6,130 shares of the 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 transaction, the chief accounting officer owned 28,559 shares in the company, valued at $1,364,263.43. This represents a 17.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.53% of the stock is currently 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.