OGE Energy Corporation $OGE Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in OGE Energy Corporation (NYSE:OGE) by 17.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 191,602 shares of the utilities provider’s stock after purchasing an additional 28,606 shares during the quarter. SG Americas Securities LLC’s holdings in OGE Energy were worth $9,189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirabella Financial Services LLP boosted its holdings in OGE Energy by 180.1% in the 3rd quarter. Mirabella Financial Services LLP now owns 50,313 shares of the utilities provider’s stock valued at $2,324,000 after purchasing an additional 32,352 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in shares of OGE Energy in the 3rd quarter valued at approximately $1,701,000. JPMorgan Chase & Co. increased its holdings in shares of OGE Energy by 25.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,092,661 shares of the utilities provider’s stock worth $50,557,000 after buying an additional 219,413 shares during the last quarter. Oak Thistle LLC raised its position in shares of OGE Energy by 368.0% during the 4th quarter. Oak Thistle LLC now owns 54,337 shares of the utilities provider’s stock valued at $2,320,000 after buying an additional 42,726 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in shares of OGE Energy by 915.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 328,260 shares of the utilities provider’s stock valued at $14,017,000 after buying an additional 295,932 shares during the period. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings upgraded OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Morgan Stanley initiated coverage on OGE Energy in a research report on Wednesday. They issued an “equal weight” rating and a $50.00 target price on the stock. Wall Street Zen cut OGE Energy from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. JPMorgan Chase & Co. assumed coverage on OGE Energy in a research report on Friday, March 20th. They set an “overweight” rating and a $52.00 price objective for the company. Finally, Barclays boosted their price objective on shares of OGE Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $49.20.

Insider Buying and Selling

In related news, insider William H. Sultemeier sold 7,345 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.97, for a total transaction of $352,339.65. Following the completion of the transaction, the insider directly owned 74,497 shares in the company, valued at $3,573,621.09. This trade represents a 8.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.57% of the stock is owned by company insiders.

OGE Energy Stock Up 1.2%

Shares of NYSE OGE opened at $49.52 on Friday. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 3.67 and a beta of 0.53. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.09. OGE Energy Corporation has a 52-week low of $41.69 and a 52-week high of $50.13. The business’s 50 day moving average is $47.59 and its two-hundred day moving average is $46.25.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The company had revenue of $752.60 million for the quarter, compared to analysts’ expectations of $616.02 million. During the same period in the prior year, the firm earned $0.31 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. Research analysts predict that OGE Energy Corporation will post 2.43 EPS for the current year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 annualized dividend and a yield of 3.4%. OGE Energy’s dividend payout ratio is presently 75.89%.

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.