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 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
124% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 38
25% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]
10% more funds holding
Funds holding: 458 [Q2] → 505 (+47) [Q3]
10% more capital invested
Capital invested by funds: $5.13B [Q2] → $5.65B (+$519M) [Q3]
2.6% less ownership
Funds ownership: 71.69% [Q2] → 69.09% (-2.6%) [Q3]
19% less repeat investments, than reductions
Existing positions increased: 141 | Existing positions reduced: 175
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barclays Nicholas Campanella 72% 1-year accuracy 49 / 68 met price target | 2%downside $42 | Equal-Weight Maintained | 21 Oct 2024 |
Jefferies Julien Dumoulin-Smith 61% 1-year accuracy 44 / 72 met price target | 8%upside $46 | Buy Initiated | 19 Sept 2024 |
Financial journalist opinion
Based on 8 articles about OGE published over the past 30 days
