NY State Common Retirement Fund Cuts Stake in OGE Energy Corp. on August 4, 2023

August 13, 2023

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On August 4, 2023, the New York State Common Retirement Fund reported a reduction in their stake in OGE ($NYSE:OGE) Energy Corp., according to a filing with the Securities and Exchange. The decision was made with the intention of diversifying the Fund’s portfolio and reducing their risk exposure. OGE Energy Corp., or OGE, is a publicly traded company headquartered in Oklahoma City, Oklahoma. The company is an energy and utility holding company that operates electric utilities and natural gas midstream and energy services businesses in the United States. OGE Energy Corp. is listed on the New York Stock Exchange (NYSE) under the ticker symbol OGE.

Price History

On Monday, August 4, 2023, the New York State Common Retirement Fund made a decision to cut its stake in OGE Energy Corp. Shares of OGE Energy Corp. opened at $34.8 but closed the day at $34.7, representing a 0.1% drop from the previous closing price of $34.7. The fund had previously held a significant stake in the company, which now appears to have been reduced. It is unclear what the exact size of the cut in stake was or what prompted the fund to make this decision. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Oge Energy. More…

    Total Revenues Net Income Net Margin
    3.14k 439.8 13.6%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Oge Energy. More…

    Operations Investing Financing
    1.29k -743.5 -553
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Oge Energy. More…

    Total Assets Total Liabilities Book Value Per Share
    12.6k 8.23k 21.86
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Oge Energy are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    13.3% 6.5% 22.6%
    FCF Margin ROE ROA
    3.5% 10.2% 3.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    As GoodWhale, we conducted an analysis of OGE ENERGY‘s financials and found that they have been classified as a ‘rhino’ according to our Star Chart. This type of company is one that has achieved moderate revenue or earnings growth. We believe investors who are looking for steady returns, rather than high returns, may be interested in such companies. Our analysis also suggests that OGE ENERGY has an intermediate health score of 6/10. This suggests that the company has cashflows and debt which are strong enough to safely ride out any crisis without the risk of bankruptcy. Additionally, OGE ENERGY is strong in dividend, and medium in asset, growth, and profitability. Therefore, investors who are looking for a steady stream of income may find OGE ENERGY to be an attractive investment option. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    In the electric and natural gas utility industry in the United States, there are four companies that stand out as the largest competitors. These are OGE Energy Corp, DTE Energy Co, Eversource Energy, and NextEra Energy Inc. These four companies account for a large majority of the market share in the industry and are all major players in the space.

    – DTE Energy Co ($NYSE:DTE)

    DTE Energy Co is a holding company that engages in the utility operations through its subsidiaries. It provides natural gas and electricity to residential, commercial, and industrial customers in Michigan. The company’s segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, and Corporate and Other.

    – Eversource Energy ($NYSE:ES)

    Eversource Energy is an American utility company that serves electric and natural gas customers in Connecticut, Massachusetts, and New Hampshire. The company has a market cap of 26.86B as of 2022 and a return on equity of 10.13%. Eversource Energy is one of the largest energy delivery companies in New England. The company is committed to providing safe and reliable energy to its customers.

    – NextEra Energy Inc ($NYSE:NEE)

    NextEra Energy Inc is a clean energy company with a focus on renewable energy. The company has a market cap of 153.59B as of 2022 and a return on equity of 6.09%. NextEra Energy Inc is the largest producer of wind and solar power in the world and is also the largest provider of electricity in the United States. The company’s mission is to create a cleaner, healthier and more prosperous world for all.

    Summary

    The New York State Common Retirement Fund has recently reduced its stake in OGE Energy Corp, a public utility holding company that serves Oklahoma and western Arkansas. This filing to the Securities and Exchange Commission reveals an investment shift in the company. Analysts have suggested that this could be because of a number of reasons, such as the company’s performance in the last quarter, or changing investor demand in the sector.

    It is unclear what the exact impact of the sale will be, but the move could have implications for the company’s stock and future investment prospects. Investors should carefully monitor market sentiment and performance before deciding whether to follow suit.

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