OGE Energy Corporation $OGE Shares Acquired by JPMorgan Chase & Co.

by · The Markets Daily

JPMorgan Chase & Co. boosted its holdings in OGE Energy Corporation (NYSE:OGE – Free Report) by 25.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,092,661 shares of the utilities provider’s stock after acquiring an additional 219,413 shares during the period. JPMorgan Chase & Co. owned 0.54% of OGE Energy worth $50,557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in shares of OGE Energy by 0.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 71,712 shares of the utilities provider’s stock valued at $3,318,000 after purchasing an additional 625 shares during the last quarter. HighTower Advisors LLC raised its holdings in OGE Energy by 5.8% in the 3rd quarter. HighTower Advisors LLC now owns 54,290 shares of the utilities provider’s stock valued at $2,512,000 after buying an additional 2,974 shares during the period. Uniting Wealth Partners LLC acquired a new position in OGE Energy in the third quarter valued at about $522,000. Assetmark Inc. lifted its position in OGE Energy by 1.7% in the third quarter. Assetmark Inc. now owns 392,923 shares of the utilities provider’s stock valued at $18,181,000 after buying an additional 6,481 shares during the last quarter. Finally, Savvy Advisors Inc. boosted its stake in OGE Energy by 1.9% during the third quarter. Savvy Advisors Inc. now owns 18,561 shares of the utilities provider’s stock worth $859,000 after buying an additional 339 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

Wall Street Analyst Weigh In

OGE has been the topic of a number of research analyst reports. Mizuho set a $49.00 price target on shares of OGE Energy in a research note on Thursday, February 19th. UBS Group decreased their price target on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Barclays dropped their price objective on OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. Finally, Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.63.

Get Our Latest Report on OGE Energy

Insider Activity

In other news, Director Lyle G. Ganske acquired 10,420 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was acquired at an average cost 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 trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

OGE Energy Trading Up 0.0%

OGE opened at $48.41 on Thursday. The business has a fifty day moving average price of $44.06 and a 200 day moving average price of $44.57. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49. OGE Energy Corporation has a 12 month low of $40.80 and a 12 month high of $48.72. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 3.46 and a beta of 0.62.

OGE Energy (NYSE:OGE – Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $277.80 million. During the same quarter last year, the company earned $0.50 EPS. OGE Energy’s revenue for the quarter 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. Sell-side analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Monday, April 6th will be given a $0.425 dividend. The ex-dividend date of this dividend is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.5%. OGE Energy’s dividend payout ratio is currently 73.59%.

OGE Energy Profile

(Free Report)

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.

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