Inceptionr LLC Takes Position in OGE Energy Corporation $OGE

Inceptionr LLC bought a new stake in shares of OGE Energy Corporation (NYSE:OGE) during the fourth quarter, Holdings Channel.com reports. The fund bought 24,353 shares of the utilities provider’s stock, valued at approximately $1,040,000.

A number of other large investors also recently bought and sold shares of OGE. Quest 10 Wealth Builders Inc. lifted its position in OGE Energy by 618.3% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 674 shares during the period. State of Wyoming purchased a new position in OGE Energy during the 2nd quarter valued at about $34,000. Caitong International Asset Management Co. Ltd lifted its position in OGE Energy by 49.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 255 shares during the period. Clearstead Advisors LLC lifted its position in OGE Energy by 96.2% during the 4th quarter. Clearstead Advisors LLC now owns 881 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 432 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in OGE Energy by 86.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,464 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 677 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Stock Up 0.7%

Shares of OGE Energy stock opened at $47.75 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.40 and a current ratio of 0.66. The stock has a market capitalization of $9.85 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 3.51 and a beta of 0.53. OGE Energy Corporation has a 52-week low of $41.69 and a 52-week high of $50.13. The company has a 50-day simple moving average of $47.79 and a two-hundred day simple moving average of $45.98.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $616.02 million. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. On average, analysts anticipate that OGE Energy Corporation will post 2.42 EPS for the current fiscal year.

OGE Energy Dividend Announcement

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

Insider Transactions at OGE Energy

In other OGE Energy news, insider William H. Sultemeier sold 7,345 shares of OGE Energy 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 transaction, the insider directly owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OGE. Wells Fargo & Company lifted their price target on shares of OGE Energy from $47.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Mizuho set a $49.00 price target on shares of OGE Energy in a research report on Thursday, February 19th. Barclays lifted their price target on shares of OGE Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Wall Street Zen cut shares of OGE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, LADENBURG THALM/SH SH lifted 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. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, OGE Energy currently has a consensus rating of “Hold” and a consensus price target of $49.11.

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.