11,645 Shares in OGE Energy Corporation $OGE Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC bought a new position in shares of OGE Energy Corporation (NYSE:OGE) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 11,645 shares of the utilities provider’s stock, valued at approximately $536,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Oak Thistle LLC increased its holdings in OGE Energy by 368.0% during the fourth quarter. Oak Thistle LLC now owns 54,337 shares of the utilities provider’s stock valued at $2,320,000 after buying an additional 42,726 shares during the period. Pictet Asset Management Holding SA raised its stake in OGE Energy by 915.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 328,260 shares of the utilities provider’s stock worth $14,017,000 after buying an additional 295,932 shares in the last quarter. Geode Capital Management LLC lifted its holdings in OGE Energy by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 3,825,542 shares of the utilities provider’s stock worth $163,397,000 after buying an additional 204,510 shares during the period. JPMorgan Chase & Co. lifted its holdings in OGE Energy by 25.1% during the third quarter. JPMorgan Chase & Co. now owns 1,092,661 shares of the utilities provider’s stock worth $50,557,000 after buying an additional 219,413 shares during the period. Finally, Norges Bank bought a new stake in OGE Energy during the 4th quarter valued at $119,028,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Insider Transactions at OGE Energy

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 transaction, the insider directly owned 74,497 shares of the company’s stock, valued at $3,573,621.09. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

OGE has been the topic of a number of analyst reports. Wall Street Zen downgraded OGE Energy from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. LADENBURG THALM/SH SH upped their price objective on OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Barclays raised their price objective on OGE Energy from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday. Morgan Stanley started coverage on OGE Energy in a research note on Wednesday, June 24th. They issued an “equal weight” rating and a $50.00 target price on the stock. Finally, Weiss Ratings upgraded shares of OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, OGE Energy has an average rating of “Hold” and an average target price of $49.30.

OGE Energy Price Performance

NYSE OGE opened at $48.66 on Friday. The firm’s fifty day simple moving average is $47.99 and its two-hundred day simple moving average is $46.87. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.09. OGE Energy Corporation has a 12-month low of $41.69 and a 12-month high of $50.26. The firm has a market capitalization of $10.04 billion, a P/E ratio of 21.72, a P/E/G ratio of 3.60 and a beta of 0.53.

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

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, July 6th. OGE Energy’s payout ratio is 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.