Money Concepts Capital Corp Purchases New Position in OGE Energy Corporation $OGE

Money Concepts Capital Corp purchased a new stake in shares of OGE Energy Corporation (NYSE:OGE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,890 shares of the utilities provider’s stock, valued at approximately $465,000.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position 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 valued at $36,000 after acquiring an additional 255 shares in the last quarter. State of Wyoming acquired a new stake in OGE Energy in the second quarter valued at approximately $34,000. Quest 10 Wealth Builders Inc. grew its holdings in OGE Energy by 618.3% in the fourth 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 during the period. Quent Capital LLC acquired a new stake in OGE Energy in the third quarter valued at approximately $43,000. Finally, Smartleaf Asset Management LLC grew its holdings in OGE Energy by 86.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,464 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 677 shares during the period. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Mizuho set a $49.00 price objective on OGE Energy in a report on Thursday, February 19th. LADENBURG THALM/SH SH raised their price objective on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a report on Monday. Barclays raised their price objective on OGE Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Wells Fargo & Company raised their price objective on OGE Energy from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.11.

OGE Energy Stock Performance

Shares of NYSE:OGE opened at $47.30 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.66 and a quick ratio of 0.40. The business’s 50 day moving average price is $47.92 and its 200-day moving average price is $45.60. The firm has a market capitalization of $9.76 billion, a PE ratio of 21.12, a P/E/G ratio of 3.53 and a beta of 0.55. OGE Energy Corporation has a 1 year low of $41.69 and a 1 year high of $50.13.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $752.60 million for the quarter, compared to analyst estimates of $616.02 million. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. OGE Energy has set its FY 2026 guidance at 2.38-2.48 EPS. As a group, equities research analysts expect that OGE Energy Corporation will post 2.42 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Monday, April 6th were paid a $0.425 dividend. The ex-dividend date of this dividend was Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.6%. OGE Energy’s payout ratio is currently 75.89%.

Insider Buying and Selling

In other news, CAO Sarah R. Stafford sold 6,130 shares of OGE Energy 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 sale, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. The trade was a 17.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lyle G. Ganske purchased 10,420 shares of the stock in a transaction dated Monday, February 23rd. The stock was purchased at an average cost of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the purchase, the director directly owned 10,420 shares of the company’s stock, valued at approximately $500,055.80. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 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.