Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 12,523 Shares of OGE Energy Corporation $OGE

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in OGE Energy Corporation (NYSE:OGE) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 474,363 shares of the utilities provider’s stock after buying an additional 12,523 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.23% of OGE Energy worth $22,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Mirabella Financial Services LLP lifted its stake in OGE Energy by 180.1% in the third quarter. Mirabella Financial Services LLP now owns 50,313 shares of the utilities provider’s stock worth $2,324,000 after acquiring an additional 32,352 shares during the period. Oak Thistle LLC increased its position in OGE Energy by 368.0% during the 4th quarter. Oak Thistle LLC now owns 54,337 shares of the utilities provider’s stock valued at $2,320,000 after purchasing an additional 42,726 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of OGE Energy by 915.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 328,260 shares of the utilities provider’s stock valued at $14,017,000 after purchasing an additional 295,932 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of OGE Energy by 25.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,092,661 shares of the utilities provider’s stock valued at $50,557,000 after purchasing an additional 219,413 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of OGE Energy by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 3,825,542 shares of the utilities provider’s stock worth $163,397,000 after purchasing an additional 204,510 shares during the period. 71.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider William H. Sultemeier sold 7,345 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.97, for a total transaction of $352,339.65. Following the transaction, the insider directly owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

OGE has been the topic of a number of recent research reports. Barclays increased their price objective on shares of OGE Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Weiss Ratings upgraded OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Morgan Stanley began coverage on OGE Energy in a report on Wednesday, June 24th. They set an “equal weight” rating and a $50.00 target price for the company. LADENBURG THALM/SH SH lifted their price target on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. assumed coverage on OGE Energy in a research report on Friday, March 20th. They issued an “overweight” rating and a $52.00 price target for the company. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.20.

OGE Energy Stock Up 0.0%

NYSE:OGE opened at $48.67 on Monday. OGE Energy Corporation has a fifty-two week low of $41.69 and a fifty-two week high of $50.13. The stock has a market capitalization of $10.04 billion, a P/E ratio of 21.73, a P/E/G ratio of 3.60 and a beta of 0.53. 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 company’s 50-day simple moving average is $47.87 and its 200-day simple moving average is $46.68.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. The firm had revenue of $752.60 million during the quarter, compared to analyst estimates of $616.02 million. During the same quarter in the previous year, the business posted $0.31 EPS. OGE Energy’s revenue was up .7% on a year-over-year basis. On average, equities analysts anticipate that OGE Energy Corporation will post 2.43 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently declared 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. This represents a $1.70 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, July 6th. OGE Energy’s payout ratio is currently 75.89%.

About OGE Energy

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.