Thu Oct 03 13:30:58 UTC 2024: ## OGE Energy Sees Mixed Investor Activity as Dana Investment Advisors Trims Holdings

**Oklahoma City, OK** – OGE Energy Corp. (NYSE:OGE) saw a mixed bag of activity from institutional investors in the second quarter of 2024. While Dana Investment Advisors Inc. trimmed its position in the utilities provider by 2.5%, other funds like Pinnacle Bancorp Inc. and Allspring Global Investments Holdings LLC increased their stakes.

Dana Investment Advisors now holds 74,752 shares of OGE, valued at $2,669,000, after selling 1,947 shares during the quarter. This move comes amidst a broader trend of institutional investors owning 71.84% of the company’s stock.

Other noteworthy transactions include Pinnacle Bancorp Inc. raising its stake by 392.8% and Thurston Springer Miller Herd & Titak Inc. acquiring a new position worth $35,000. Voisard Asset Management Group Inc. and Kimelman & Baird LLC also entered new positions in the second quarter.

OGE Energy’s stock opened at $41.23 on Thursday, with a market cap of $8.28 billion. The company recently announced a quarterly dividend of $0.4213 per share, representing a yield of 4.09%.

Analysts remain cautiously optimistic about OGE’s future. Jefferies Financial Group initiated coverage with a “buy” rating and a $46.00 price target. Evercore ISI and Barclays also raised their price objectives on the stock. However, the consensus rating remains “Hold” with a target price of $36.86.

OGE Energy Corp. is a leading energy services provider, generating, transmitting, distributing, and selling electricity in Oklahoma and western Arkansas. The company’s portfolio includes coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.

The company’s stock performance and future prospects will be closely watched by investors as they navigate the evolving energy landscape.

Read More