OGE Energy
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 Q2 SEC filings by fund managers ($100M+ AUM)
18% more call options, than puts
Call options by funds: $4.87M | Put options by funds: $4.11M
10% more repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 143
4% more capital invested
Capital invested by funds: $4.84B [Q1] → $5.05B (+$209M) [Q2]
0.11% more ownership
Funds ownership: 70.37% [Q1] → 70.49% (+0.11%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
4% less funds holding
Funds holding: 475 [Q1] → 458 (-17) [Q2]
23% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 74
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Jefferies Julien Dumoulin-Smith 69% 1-year accuracy 29 / 42 met price target | 13%upside $46 | Buy Initiated | 19 Sept 2024 |
Barclays Nicholas Campanella 89% 1-year accuracy 49 / 55 met price target | 4%downside $39 | Equal-Weight Maintained | 12 Aug 2024 |
Evercore ISI Group Durgesh Chopra 90% 1-year accuracy 18 / 20 met price target | 1%downside $40 | In-Line Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 6 articles about OGE published over the past 30 days