Tema Etfs LLC Buys 103,320 Shares of OGE Energy Corporation $OGE

Tema Etfs LLC increased its stake in OGE Energy Corporation (NYSE:OGE) by 88.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 219,650 shares of the utilities provider’s stock after buying an additional 103,320 shares during the period. Tema Etfs LLC’s holdings in OGE Energy were worth $9,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in OGE. Centennial Wealth Advisory LLC grew its stake in shares of OGE Energy by 3.4% in the fourth quarter. Centennial Wealth Advisory LLC now owns 12,519 shares of the utilities provider’s stock worth $535,000 after acquiring an additional 417 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of OGE Energy by 34.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 61,174 shares of the utilities provider’s stock worth $2,612,000 after purchasing an additional 15,766 shares during the last quarter. USA Financial Formulas raised its position in shares of OGE Energy by 228.3% in the 4th quarter. USA Financial Formulas now owns 7,112 shares of the utilities provider’s stock worth $304,000 after purchasing an additional 4,946 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in OGE Energy by 19.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 21,780 shares of the utilities provider’s stock worth $930,000 after purchasing an additional 3,495 shares in the last quarter. Finally, M.E. Allison & CO. Inc. boosted its stake in OGE Energy by 12.3% in the 4th quarter. M.E. Allison & CO. Inc. now owns 9,054 shares of the utilities provider’s stock worth $387,000 after purchasing an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Insider Activity at OGE Energy

In other OGE Energy news, CAO Sarah R. Stafford sold 6,130 shares of OGE Energy stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $47.77, for a total value of $292,830.10. Following the completion of the sale, the chief accounting officer owned 28,559 shares of the company’s stock, valued at approximately $1,364,263.43. The trade was a 17.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lyle G. Ganske bought 10,420 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were bought at an average price of $47.99 per share, with a total value of $500,055.80. Following the completion of the purchase, the director owned 10,420 shares in the company, valued at approximately $500,055.80. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.55% of the company’s stock.

OGE Energy Price Performance

Shares of NYSE:OGE opened at $48.27 on Thursday. OGE Energy Corporation has a fifty-two week low of $40.80 and a fifty-two week high of $49.55. The business has a 50-day simple moving average of $46.53 and a two-hundred day simple moving average of $45.12. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.49 and a current ratio of 0.78. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 3.43 and a beta of 0.61.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The firm had revenue of $725.80 million for the quarter, compared to the consensus estimate of $277.80 million. During the same quarter last year, the firm posted $0.50 EPS. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

The business also recently announced 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 is Monday, April 6th. This represents a $1.70 annualized dividend and a yield of 3.5%. OGE Energy’s dividend payout ratio (DPR) is currently 73.59%.

Wall Street Analysts Forecast Growth

OGE has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on shares of OGE Energy in a research note on Tuesday, January 13th. They set a “market perform” rating and a $45.00 price objective for the company. Wells Fargo & Company upped their target price on shares of OGE Energy from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Barclays reduced their price target on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Mizuho set a $49.00 price objective on shares of OGE Energy in a report on Thursday, February 19th. Finally, UBS Group lowered their price objective 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. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.11.

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.