22,041 Shares in OGE Energy Corporation $OGE Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in OGE Energy Corporation (NYSE:OGE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 22,041 shares of the utilities provider’s stock, valued at approximately $1,073,000.

Other institutional investors have also recently bought and sold shares of the company. Strs Ohio increased its holdings in shares of OGE Energy by 4.5% in the 1st quarter. Strs Ohio now owns 5,029 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 217 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of OGE Energy by 3.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 6,740 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 218 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of OGE Energy by 3.3% during 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. Blair William & Co. IL boosted its holdings in shares of OGE Energy by 0.9% during the third quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock worth $1,270,000 after purchasing an additional 234 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in OGE Energy by 49.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 255 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on OGE. LADENBURG THALM/SH SH upped their price objective on shares of OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Barclays lifted their target price on shares of OGE Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OGE Energy in a research note on Friday, July 31st. Finally, Morgan Stanley set a $51.00 price objective on OGE Energy in a report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, OGE Energy presently has a consensus rating of “Hold” and a consensus price target of $49.80.

Insider Activity at OGE Energy

In other news, insider William H. Sultemeier sold 7,345 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were 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 in the company, valued at approximately $3,573,621.09. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is currently owned by company insiders.

OGE Energy Trading Down 0.3%

NYSE:OGE opened at $47.34 on Tuesday. The stock’s 50 day moving average price is $48.15 and its 200 day moving average price is $47.60. OGE Energy Corporation has a 52 week low of $41.69 and a 52 week high of $50.59. The company has a market capitalization of $9.78 billion, a P/E ratio of 20.85, a P/E/G ratio of 3.52 and a beta of 0.53. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.77.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $711.90 million for the quarter, compared to analyst estimates of $782.73 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.48%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. On average, research analysts forecast that OGE Energy Corporation will post 2.42 EPS for the current fiscal year.

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.