Short Interest in OGE Energy Corporation (NYSE:OGE) Grows By 25.1%

OGE Energy Corporation (NYSE:OGE) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 8,897,536 shares, an increase of 25.1% from the January 15th total of 7,110,084 shares. Based on an average trading volume of 1,767,297 shares, the short-interest ratio is currently 5.0 days. Currently, 4.4% of the shares of the company are short sold. Currently, 4.4% of the shares of the company are short sold. Based on an average trading volume of 1,767,297 shares, the short-interest ratio is currently 5.0 days.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. Wells Fargo & Company downgraded shares of OGE Energy from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $45.00 to $39.00 in a research report on Tuesday, January 20th. BMO Capital Markets began coverage on OGE Energy in a report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price objective for the company. Finally, Jefferies Financial Group upped their target price on OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $47.13.

OGE Energy Stock Performance

Shares of NYSE:OGE traded up $0.85 on Monday, reaching $46.99. 1,661,955 shares of the company’s stock were exchanged, compared to its average volume of 1,625,418. OGE Energy has a twelve month low of $40.80 and a twelve month high of $47.33. The company has a fifty day moving average of $43.35 and a 200-day moving average of $44.46. The company has a market capitalization of $9.47 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.77 and a beta of 0.62. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 1.12.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Monday, January 5th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, January 5th. OGE Energy’s dividend payout ratio (DPR) is 68.27%.

Institutional Trading of OGE Energy

Institutional investors have recently modified their holdings of the stock. Orion Porfolio Solutions LLC increased its position in shares of OGE Energy by 3.3% in the third quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 222 shares during the period. Bfsg LLC grew its stake in OGE Energy by 2.3% during the fourth quarter. Bfsg LLC now owns 10,280 shares of the utilities provider’s stock worth $439,000 after buying an additional 232 shares in the last quarter. Blair William & Co. IL increased its holdings in OGE Energy by 0.9% in the 3rd quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock valued at $1,270,000 after buying an additional 234 shares during the period. Savvy Advisors Inc. raised its position in shares of OGE Energy by 1.4% in the 4th quarter. Savvy Advisors Inc. now owns 18,812 shares of the utilities provider’s stock valued at $803,000 after buying an additional 251 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after buying an additional 255 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

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.