OGE Energy Corporation $OGE Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in OGE Energy Corporation (NYSE:OGE) by 1.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 868,086 shares of the utilities provider’s stock after selling 13,637 shares during the period. Victory Capital Management Inc.’s holdings in OGE Energy were worth $40,166,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in OGE Energy during the 2nd quarter worth $101,421,000. Boston Partners raised 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 purchasing an additional 846,365 shares in the last quarter. First Trust Advisors LP lifted 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 purchasing an additional 799,264 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 worth $47,966,000 after purchasing an additional 367,960 shares during the last quarter. Finally, Edgestream Partners L.P. grew its stake 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 worth $15,279,000 after purchasing an additional 259,053 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on OGE shares. Mizuho set a $49.00 price objective on OGE Energy in a report on Thursday, February 19th. 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 started coverage on OGE Energy in a report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price target for the company. UBS Group dropped their price target on OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Barclays reduced their price objective on 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.63.

Insider Buying and Selling

In other OGE Energy news, CAO Sarah R. Stafford sold 6,130 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $1,364,263.43. This trade represents a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lyle G. Ganske purchased 10,420 shares of OGE Energy stock in a transaction dated Monday, February 23rd. The shares were purchased at an average cost of $47.99 per share, with a total value of $500,055.80. Following the acquisition, the director owned 10,420 shares of the company’s stock, valued at approximately $500,055.80. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.55% of the company’s stock.

OGE Energy Price Performance

OGE opened at $48.24 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average price is $44.88 and its 200 day moving average price is $44.74. OGE Energy Corporation has a fifty-two week low of $40.80 and a fifty-two week high of $49.55. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 3.45 and a beta of 0.61.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $725.80 million during the quarter, compared to the consensus estimate of $277.80 million. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.OGE Energy’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. OGE Energy has set its FY 2026 guidance at 2.380-2.480 EPS. As a group, sell-side analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Monday, April 6th. This represents a $1.70 annualized dividend and a dividend yield of 3.5%. OGE Energy’s dividend payout ratio (DPR) is 73.59%.

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.