OGE Energy Corporation $OGE Shares Purchased by Entropy Technologies LP

Entropy Technologies LP lifted its position in OGE Energy Corporation (NYSE:OGE) by 92.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,101 shares of the utilities provider’s stock after acquiring an additional 34,725 shares during the period. Entropy Technologies LP’s holdings in OGE Energy were worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Orion Porfolio Solutions LLC boosted its stake 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 acquiring an additional 222 shares during the last quarter. Bfsg LLC boosted its stake in shares of OGE Energy by 2.3% in the fourth quarter. Bfsg LLC now owns 10,280 shares of the utilities provider’s stock worth $439,000 after acquiring an additional 232 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of OGE Energy by 0.9% in the third quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock worth $1,270,000 after acquiring an additional 234 shares during the last quarter. Savvy Advisors Inc. boosted its stake in shares of OGE Energy by 1.4% in the fourth quarter. Savvy Advisors Inc. now owns 18,812 shares of the utilities provider’s stock worth $803,000 after acquiring an additional 251 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of OGE Energy by 49.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 255 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OGE has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH lifted their price target on OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company boosted their target price on OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Weiss Ratings upgraded OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Mizuho set a $49.00 price target on OGE Energy in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $49.11.

OGE Energy Stock Performance

NYSE OGE opened at $47.78 on Monday. The stock’s fifty day moving average is $47.77 and its two-hundred day moving average is $46.02. The firm has a market capitalization of $9.86 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 3.54 and a beta of 0.53. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.40 and a current ratio of 0.66. OGE Energy Corporation has a fifty-two week low of $41.69 and a fifty-two week high of $50.13.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $752.60 million for the quarter, compared to analyst estimates of $616.02 million. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, research analysts anticipate that OGE Energy Corporation will post 2.42 earnings per share for the current year.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.70 dividend on an annualized basis and a yield of 3.6%. OGE Energy’s payout ratio is 75.89%.

Insiders Place Their Bets

In other OGE Energy news, insider William H. Sultemeier sold 7,345 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.97, for a total transaction of $352,339.65. Following the transaction, the insider owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.

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.