40,072 Shares in OGE Energy Corporation $OGE Bought by Picton Mahoney Asset Management

by · The Markets Daily

Picton Mahoney Asset Management bought a new stake in OGE Energy Corporation (NYSE:OGE – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,072 shares of the utilities provider’s stock, valued at approximately $1,852,000.

Other institutional investors have also bought and sold shares of the company. Millennium Management LLC raised its position in shares of OGE Energy by 1,160.8% in the 1st quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock worth $4,365,000 after acquiring an additional 87,433 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in OGE Energy by 54.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock worth $47,966,000 after purchasing an additional 367,960 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in OGE Energy by 4.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider’s stock worth $25,768,000 after purchasing an additional 23,051 shares during the period. Focus Partners Wealth increased its holdings in OGE Energy by 7.5% in the first quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock worth $420,000 after purchasing an additional 637 shares in the last quarter. Finally, State of Michigan Retirement System lifted its stake in OGE Energy by 0.6% in the second quarter. State of Michigan Retirement System now owns 48,414 shares of the utilities provider’s stock valued at $2,149,000 after buying an additional 300 shares during the period. Institutional investors own 71.84% of the company’s stock.

Analyst Ratings Changes

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

View Our Latest Report on OGE Energy

Insider Activity

In other news, CAO Sarah R. Stafford sold 6,130 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total value of $292,830.10. Following the completion of the transaction, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. This represents a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lyle G. Ganske purchased 10,420 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average price of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the acquisition, the director directly owned 10,420 shares of the company’s stock, valued at $500,055.80. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.55% of the company’s stock.

OGE Energy Trading Down 1.3%

NYSE OGE opened at $48.25 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 1.08. The business has a fifty day simple moving average of $44.77 and a 200 day simple moving average of $44.72. OGE Energy Corporation has a 12 month low of $40.80 and a 12 month high of $49.55. The firm has a market capitalization of $9.95 billion, a P/E ratio of 20.89, a PEG ratio of 3.50 and a beta of 0.61.

OGE Energy (NYSE:OGE – Get Free Report) last posted its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $725.80 million during the quarter, compared to analyst estimates of $277.80 million. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The business’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 EPS. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, analysts predict that OGE Energy Corporation will post 2.27 EPS 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 paid a $0.425 dividend. The ex-dividend date is Monday, April 6th. This represents a $1.70 annualized dividend and a yield of 3.5%. OGE Energy’s dividend payout ratio (DPR) is 73.59%.

OGE Energy Company 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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