OGE Energy Corporation $OGE Shares Sold by HUB Investment Partners LLC

HUB Investment Partners LLC decreased its stake in shares of OGE Energy Corporation (NYSE:OGE) by 15.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,128 shares of the utilities provider’s stock after selling 23,662 shares during the period. HUB Investment Partners LLC owned 0.06% of OGE Energy worth $5,790,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. AE Wealth Management LLC boosted its holdings in OGE Energy by 4.7% in 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 holdings 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 worth $2,702,000 after purchasing an additional 43,895 shares during the period. ProShare Advisors LLC lifted its stake 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 valued at $36,066,000 after purchasing an additional 44,503 shares in the last quarter. Pacer Advisors Inc. grew its holdings 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. Finally, Reaves W H & Co. Inc. grew its holdings 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. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Insider Transactions at OGE Energy

In other OGE Energy news, 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 transaction of $292,830.10. Following the transaction, the chief accounting officer owned 28,559 shares of the company’s stock, valued at $1,364,263.43. This trade represents a 17.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lyle G. Ganske bought 10,420 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was purchased at an average price of $47.99 per share, with a total value of $500,055.80. Following the transaction, the director owned 10,420 shares in the company, valued at approximately $500,055.80. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OGE. Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Barclays decreased their price objective on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. BMO Capital Markets began coverage on shares of OGE Energy in a research note on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 target price on the stock. UBS Group decreased their price target on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Mizuho set a $49.00 price objective on OGE Energy in a research report on Thursday, February 19th. Five equities research 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 currently has an average rating of “Moderate Buy” and an average target price of $47.63.

OGE Energy Price Performance

Shares of NYSE OGE opened at $48.24 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. OGE Energy Corporation has a fifty-two week low of $40.80 and a fifty-two week high of $49.55. The business has a 50 day moving average price of $44.88 and a two-hundred day moving average price of $44.74. The firm has a market cap of $9.95 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $725.80 million during the quarter, compared to the consensus estimate of $277.80 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 earnings per share. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Monday, April 6th. This represents a $1.70 annualized dividend and a dividend yield of 3.5%. OGE Energy’s dividend payout ratio (DPR) is presently 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.