OGE Energy Corporation $OGE Shares Acquired by Tema ETFs LLC

Tema ETFs LLC lifted its position in shares of OGE Energy Corporation (NYSE:OGE) by 106.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 672,718 shares of the utilities provider’s stock after acquiring an additional 346,304 shares during the quarter. OGE Energy accounts for approximately 1.1% of Tema ETFs LLC’s investment portfolio, making the stock its 23rd biggest holding. Tema ETFs LLC owned approximately 0.33% of OGE Energy worth $32,734,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in OGE Energy in the 4th quarter worth about $119,028,000. Morgan Stanley grew its holdings in OGE Energy by 103.2% in the fourth quarter. Morgan Stanley now owns 4,628,210 shares of the utilities provider’s stock valued at $197,625,000 after purchasing an additional 2,350,574 shares during the period. Cohen & Steers Inc. acquired a new stake in OGE Energy in the fourth quarter valued at approximately $68,460,000. Cbre Investment Management Listed Real Assets LLC increased its position in shares of OGE Energy by 85.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,215,572 shares of the utilities provider’s stock valued at $94,605,000 after buying an additional 1,022,863 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd purchased a new stake in shares of OGE Energy in the fourth quarter valued at approximately $33,929,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Stock Performance

Shares of NYSE:OGE opened at $46.37 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.77 and a quick ratio of 0.47. The business’s 50 day moving average price is $48.14 and its 200-day moving average price is $47.49. The firm has a market capitalization of $9.58 billion, a PE ratio of 20.43, a P/E/G ratio of 3.42 and a beta of 0.53. OGE Energy Corporation has a 1 year low of $41.69 and a 1 year high of $50.59.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Tuesday, July 28th. The utilities provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.The firm had revenue of $711.90 million during the quarter, compared to analysts’ expectations of $782.73 million. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were issued a dividend of $0.425 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.7%. OGE Energy’s dividend payout ratio is presently 74.89%.

Insider Activity at OGE Energy

In other news, insider William H. Sultemeier sold 7,345 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.97, for a total value of $352,339.65. Following the completion of the sale, the insider directly owned 74,497 shares in the company, valued at $3,573,621.09. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. BMO Capital Markets decreased their target price on OGE Energy from $50.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on shares of OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Barclays upped 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. LADENBURG THALM/SH SH lifted their target price on shares of OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Morgan Stanley set a $51.00 target price on shares of OGE Energy in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.80.

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.