Inspire Trust Co. N.A. Buys 15,000 Shares of OGE Energy Corporation $OGE

Inspire Trust Co. N.A. lifted its stake in shares of OGE Energy Corporation (NYSE:OGE) by 14.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,000 shares of the utilities provider’s stock after purchasing an additional 15,000 shares during the period. Inspire Trust Co. N.A. owned approximately 0.06% of OGE Energy worth $5,367,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of OGE. Norges Bank bought a new position in OGE Energy in the 2nd quarter worth approximately $101,421,000. Boston Partners increased its stake in shares of OGE Energy by 15.7% in the 2nd quarter. Boston Partners now owns 6,248,222 shares of the utilities provider’s stock valued at $277,388,000 after buying an additional 846,365 shares during the period. First Trust Advisors LP raised its position in shares of OGE Energy by 51.2% during the second quarter. First Trust Advisors LP now owns 2,359,899 shares of the utilities provider’s stock worth $104,732,000 after acquiring an additional 799,264 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of 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 valued at $47,966,000 after acquiring an additional 367,960 shares during the period. Finally, Edgestream Partners L.P. boosted its holdings in OGE Energy by 303.9% in the second quarter. Edgestream Partners L.P. now owns 344,286 shares of the utilities provider’s stock valued at $15,279,000 after acquiring an additional 259,053 shares during the last quarter. 71.84% of the stock is owned by institutional investors.

OGE Energy Price Performance

OGE Energy stock opened at $47.35 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $9.77 billion, a P/E ratio of 20.50, a PEG ratio of 3.39 and a beta of 0.62. The business has a 50-day moving average of $43.75 and a 200-day moving average of $44.51. OGE Energy Corporation has a 1 year low of $40.80 and a 1 year high of $47.61.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $725.80 million for 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%. OGE Energy’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. On average, equities analysts anticipate that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be given a $0.425 dividend. The ex-dividend date is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.6%. OGE Energy’s dividend payout ratio is currently 73.59%.

Analyst Ratings Changes

OGE has been the subject of a number of research reports. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 24th. BMO Capital Markets initiated coverage on shares of OGE Energy in a research report on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price target for the company. Mizuho set a $49.00 price target on shares of OGE Energy in a research note on Thursday. Royal Bank Of Canada restated a “sector perform” rating on shares of OGE Energy in a report on Friday, January 23rd. Finally, Barclays reduced their price objective on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Five equities research 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 stock has an average rating of “Moderate Buy” and an average target price of $47.63.

OGE Energy Company 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.