Segall Bryant & Hamill LLC Reduces Stock Holdings in OGE Energy Corporation $OGE

Segall Bryant & Hamill LLC reduced its position in shares of OGE Energy Corporation (NYSE:OGE) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 470,044 shares of the utilities provider’s stock after selling 13,817 shares during the quarter. Segall Bryant & Hamill LLC owned 0.23% of OGE Energy worth $21,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Orion Porfolio Solutions LLC boosted its holdings in shares of OGE Energy by 3.4% in the second quarter. Orion Porfolio Solutions LLC now owns 6,757 shares of the utilities provider’s stock worth $300,000 after buying an additional 224 shares during the last quarter. Private Wealth Asset Management LLC raised its position in OGE Energy by 21.1% in the third quarter. Private Wealth Asset Management LLC now owns 1,574 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 274 shares during the period. Wedbush Securities Inc. boosted its stake in shares of OGE Energy by 4.7% during the 2nd quarter. Wedbush Securities Inc. now owns 6,389 shares of the utilities provider’s stock worth $284,000 after acquiring an additional 289 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of OGE Energy by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 47,404 shares of the utilities provider’s stock worth $2,104,000 after acquiring an additional 289 shares during the last quarter. Finally, State of Michigan Retirement System grew its position in shares of OGE Energy by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 48,414 shares of the utilities provider’s stock valued at $2,149,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Performance

NYSE:OGE opened at $48.80 on Wednesday. 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 Corporation has a 12-month low of $40.80 and a 12-month high of $49.55. The stock has a 50-day moving average price of $44.54 and a 200 day moving average price of $44.66. The stock has a market capitalization of $10.07 billion, a P/E ratio of 21.13, a P/E/G ratio of 3.53 and a beta of 0.61.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.33 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 company had revenue of $725.80 million for the quarter, compared to analysts’ expectations of $277.80 million. During the same period in the previous year, the firm earned $0.50 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. Equities research analysts forecast that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors 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 of this dividend is Monday, April 6th. OGE Energy’s dividend payout ratio (DPR) is presently 73.59%.

Insiders Place Their Bets

In other news, CAO Sarah R. Stafford sold 6,130 shares of the firm’s 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 in the company, valued at $1,364,263.43. This trade represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred 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 represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OGE shares. UBS Group decreased their target price on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Barclays decreased their price objective on OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. BMO Capital Markets initiated coverage on OGE Energy in a research note on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price objective for the company. Mizuho set a $49.00 target price on shares of OGE Energy in a report on Thursday, February 19th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.63.

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.