OGE Energy (OGE)

• Market cap: $8.69B
• 1 day: 0.53%
• 5 days: -1.68%
• 1 month: 5.36%
• 3 months: 8.24%
• 6 months: 20.35%
• Year to date: 22.08%
• 1 year: 22.67%
• 5 years: 1.10%
• 10 years: 21.67%
• Sector: Utilities
• Industry: Electric Services

About: OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility with electricity generation, transmission, and distribution to 900,000 customers in Oklahoma and western Arkansas. In December 2021, OGE divested its 25.5% stake in Enable Midstream Partners, an oil and gas services company it created in 2013 through a unit exchange merger with Energy Transfer. OGE sold its 95.4 million limited partner units of Energy Transfer throughout 2022. OGE sold its retail gas business in 1928 and no longer has any gas operations.

Employees: 2,329

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

253% more call options, than puts

Call options by funds: $4.66M | Put options by funds: $1.32M

172% more first-time investments, than exits

New positions opened: 87 | Existing positions closed: 32

25% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]

12% more funds holding

Funds holding: 458 [Q2] → 513 (+55) [Q3]

10% more capital invested

Capital invested by funds: $5.13B [Q2] → $5.66B (+$527M) [Q3]

2.5% less ownership

Funds ownership: 71.69% [Q2] → 69.19% (-2.5%) [Q3]

19% less repeat investments, than reductions

Existing positions increased: 143 | Existing positions reduced: 176

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $42 3% downside
• Avg. target: $44 2% upside
• High target: $46 6% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Barclays Nicholas Campanella 80% 1-year accuracy 36 / 45 met price target	3% downside $42	Equal-Weight Maintained	21 Oct 2024
Jefferies Julien Dumoulin-Smith 57% 1-year accuracy 35 / 61 met price target	6% upside $46	Buy Initiated	19 Sept 2024