OGE Energy Corporation $OGE Position Reduced by South Dakota Investment Council

South Dakota Investment Council decreased its position in shares of OGE Energy Corporation (NYSE:OGE) by 16.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,637 shares of the utilities provider’s stock after selling 8,600 shares during the period. South Dakota Investment Council’s holdings in OGE Energy were worth $1,892,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OGE. First Command Advisory Services Inc. bought a new stake in OGE Energy during the first quarter worth approximately $36,000. Clearstead Trust LLC bought a new stake in OGE Energy during the first quarter worth approximately $42,000. Brooklyn Investment Group raised its holdings in OGE Energy by 725.5% during the first quarter. Brooklyn Investment Group now owns 908 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 798 shares in the last quarter. Tompkins Financial Corp raised its holdings in OGE Energy by 42.9% during the second quarter. Tompkins Financial Corp now owns 1,000 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 300 shares in the last quarter. Finally, IMA Advisory Services Inc. bought a new stake in OGE Energy during the first quarter worth approximately $55,000. Institutional investors own 71.84% of the company’s stock.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $44.17 on Tuesday. The company’s fifty day moving average is $45.17 and its two-hundred day moving average is $44.80. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.16. OGE Energy Corporation has a 12-month low of $39.10 and a 12-month high of $47.33. The company has a market cap of $8.90 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 3.08 and a beta of 0.59.

OGE Energy (NYSE:OGE) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). OGE Energy had a net margin of 15.28% and a return on equity of 10.86%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm earned $1.09 earnings per share. OGE Energy’s revenue for the quarter was up 8.2% compared to the same quarter last year. OGE Energy has set its FY 2025 guidance at 2.210-2.330 EPS. Equities analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were paid a dividend of $0.425 per share. This is an increase from OGE Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 6th. This represents a $1.70 annualized dividend and a yield of 3.8%. OGE Energy’s dividend payout ratio (DPR) is presently 68.27%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on OGE shares. Royal Bank Of Canada raised OGE Energy to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OGE Energy in a report on Wednesday, October 8th. UBS Group upped their price target on OGE Energy from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Finally, Barclays upped their price target on OGE Energy from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.75.

OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.