15,617 Shares in OGE Energy Corporation $OGE Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. purchased a new stake in OGE Energy Corporation (NYSE:OGE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,617 shares of the utilities provider’s stock, valued at approximately $760,000.

Other large investors have also bought and sold shares of the company. Strs Ohio boosted its holdings in OGE Energy by 4.5% during the 1st quarter. Strs Ohio now owns 5,029 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 217 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings 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 valued at $323,000 after purchasing an additional 218 shares during the last quarter. Orion Porfolio Solutions LLC lifted its position 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 valued at $323,000 after purchasing an additional 222 shares in the last quarter. Blair William & Co. IL lifted its position 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 valued at $1,270,000 after purchasing an additional 234 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings 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 worth $36,000 after purchasing an additional 255 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Stock Down 0.5%

OGE stock opened at $47.13 on Wednesday. The stock has a 50-day simple moving average of $48.15 and a two-hundred day simple moving average of $47.63. The firm has a market capitalization of $9.74 billion, a PE ratio of 20.76, a PEG ratio of 3.52 and a beta of 0.53. OGE Energy Corporation has a twelve month low of $41.69 and a twelve month high of $50.59. The company has a quick ratio of 0.47, a current ratio of 0.77 and a debt-to-equity ratio of 1.12.

OGE Energy (NYSE:OGE) last announced its earnings results on Tuesday, July 28th. The utilities provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $711.90 million for the quarter, compared to analyst estimates of $782.73 million. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. On average, equities analysts predict that OGE Energy Corporation will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OGE shares. BMO Capital Markets decreased their price objective on shares of OGE Energy from $50.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of OGE Energy in a report on Friday, July 31st. Wells Fargo & Company increased their price target on shares of OGE Energy from $47.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Barclays lifted their price objective on shares of OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley set a $51.00 price target on shares of OGE Energy in a report on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $49.80.

Insider Activity at OGE Energy

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 transaction, 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 filing with the SEC, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

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.