Mcguire Capital Advisors Inc. Makes New $620,000 Investment in OGE Energy Corporation $OGE

Mcguire Capital Advisors Inc. purchased a new position in shares of OGE Energy Corporation (NYSE:OGE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,518 shares of the utilities provider’s stock, valued at approximately $620,000.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its holdings in OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 255 shares in the last quarter. State of Wyoming acquired a new stake in shares of OGE Energy during the second quarter valued at about $34,000. Quest 10 Wealth Builders Inc. grew its holdings in shares of OGE Energy by 618.3% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 674 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of OGE Energy by 96.2% during the fourth quarter. Clearstead Advisors LLC now owns 881 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 432 shares during the last quarter. Finally, Sandia Investment Management LP acquired a new position in shares of OGE Energy in the fourth quarter valued at approximately $43,000. 71.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OGE has been the topic of several recent research reports. JPMorgan Chase & Co. began coverage on shares of OGE Energy in a research report on Friday, March 20th. They set an “overweight” rating and a $52.00 target price on the stock. LADENBURG THALM/SH SH upped their price target 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. Weiss Ratings raised shares of OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Wells Fargo & Company boosted their price objective on shares of OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Four equities research 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 has an average rating of “Hold” and an average target price of $49.11.

OGE Energy Stock Down 0.2%

Shares of NYSE OGE opened at $47.26 on Friday. The company’s 50 day moving average price is $47.68 and its 200-day moving average price is $46.09. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.40 and a current ratio of 0.66. OGE Energy Corporation has a 52-week low of $41.69 and a 52-week high of $50.13. The company has a market capitalization of $9.75 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 3.51 and a beta of 0.53.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $752.60 million for the quarter, compared to analyst estimates of $616.02 million. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. OGE Energy’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. Equities analysts forecast that OGE Energy Corporation will post 2.42 earnings per share for the current year.

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, July 6th. OGE Energy’s payout ratio is currently 75.89%.

Insider Activity

In related news, insider William H. Sultemeier sold 7,345 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.97, for a total transaction of $352,339.65. Following the sale, the insider owned 74,497 shares in the company, valued at $3,573,621.09. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is owned by corporate insiders.

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.