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In a recent transaction, Frank A. Bozich, a director at OGE Energy Corp. (NYSE:OGE), purchased 1,000 shares of the company’s common stock. This acquisition, which took place on May 21, 2025, was executed at a price of $44.685 per share, amounting to a total investment of $44,685. The utility company, currently valued at $8.9 billion, trades at a P/E ratio of 18.3x and appears slightly overvalued according to InvestingPro analysis.
Following this transaction, Bozich holds a total of 16,186 shares in OGE Energy Corp. The shares acquired include those obtained through the reinvestment of dividends, which are exempt from certain reporting requirements. InvestingPro data shows OGE has maintained dividend payments for 55 consecutive years, with 18 years of consecutive raises. Subscribers can access 5 more exclusive ProTips and a comprehensive Pro Research Report for deeper insights into OGE’s financial health and growth prospects.
In other recent news, OGE Energy reported a strong first quarter in 2025, with net income rising to $63 million, a significant increase from $19 million the previous year. The company also reported earnings per share (EPS) of $0.31, surpassing the consensus estimate of $0.23. OGE Energy has maintained its full-year EPS guidance range of $2.21 to $2.33, reflecting confidence in its strategic direction. Additionally, the board declared a third-quarter dividend of $0.42125 per share, consistent with the previous quarter. Mizuho (NYSE:MFG) Securities adjusted its outlook on OGE Energy, raising the price target to $45 while maintaining a Neutral rating, citing the stock’s current valuation. The company also addressed shareholder proposals at its annual meeting, electing ten directors and ratifying Ernst & Young LLP as the principal independent accountants for 2025. OGE Energy continues to engage in discussions with major data center projects, including Google (NASDAQ:GOOGL), which could influence future growth. Despite Moody’s recent downgrade of the company’s balance sheet outlook, OGE Energy’s financial performance remains robust, driven by strong load growth and customer expansion.
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