Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in OGE Energy Corporation $OGE

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of OGE Energy Corporation (NYSE:OGE) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 474,363 shares of the utilities provider’s stock after acquiring an additional 12,523 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in OGE Energy were worth $22,750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Root Financial Partners LLC boosted its stake in OGE Energy by 111.3% in the 1st quarter. Root Financial Partners LLC now owns 598 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 315 shares in the last quarter. Quest 10 Wealth Builders Inc. increased its stake in OGE Energy by 618.3% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 674 shares in the last quarter. State of Wyoming purchased a new position in shares of OGE Energy in the second quarter worth $34,000. Capital Advisors Ltd. LLC raised its holdings in shares of OGE Energy by 14,780.0% in the first quarter. Capital Advisors Ltd. LLC now owns 744 shares of the utilities provider’s stock worth $36,000 after buying an additional 739 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 worth $36,000 after buying an additional 255 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other OGE Energy news, insider William H. Sultemeier sold 7,345 shares of the 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 sale, the insider directly owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% of the company’s stock.

OGE Energy Stock Performance

OGE opened at $48.67 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.09. OGE Energy Corporation has a 12-month low of $41.69 and a 12-month high of $50.13. The firm has a 50 day moving average of $47.87 and a two-hundred day moving average of $46.68. The firm has a market capitalization of $10.04 billion, a PE ratio of 21.73, a P/E/G ratio of 3.60 and a beta of 0.53.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $752.60 million for the quarter, compared to the consensus estimate of $616.02 million. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. On average, analysts anticipate that OGE Energy Corporation will post 2.43 EPS for the current year.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, July 6th. OGE Energy’s dividend payout ratio is presently 75.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OGE shares. JPMorgan Chase & Co. assumed coverage on shares of OGE Energy in a report on Friday, March 20th. They set an “overweight” rating and a $52.00 price objective on the stock. LADENBURG THALM/SH SH raised their target price on OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Barclays lifted their price target on OGE Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Weiss Ratings upgraded OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered OGE Energy from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.20.

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.