Bag This Bargain Energy Stock 4.9% Yielder Even Cheaper Than Director Rainbolt Did

By Energy Stock Channel Staff, Friday, October 15, 3:30 PM ET

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 23, OGE Energy Corp's Director, David E. Rainbolt, invested $178,997.00 into 5,000 shares of OGE, for a cost per share of $35.80. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Friday, bargain hunters could buy shares of OGE Energy Corp (NYSE:OGE) and achieve a cost basis 6.0% cheaper than Rainbolt, with shares changing hands as low as $33.65 per share. It should be noted that Rainbolt has collected $0.41/share in dividends since the time of their purchase, so they are currently down 4.9% on their purchase from a total return basis. OGE Energy Corp shares are currently trading down about 0.3% on the day. The chart below shows the one year performance of OGE shares, versus its 200 day moving average:

OGE Energy Corp Chart

Looking at the chart above, OGE's low point in its 52 week range is $29.18 per share, with $36.74 as the 52 week high point — that compares with a last trade of $33.68. By comparison, below is a table showing the prices at which OGE insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
08/10/2021	Luther C. Kissam IV	Director	7,500	$35.14	$263,550.00
08/23/2021	David E. Rainbolt	Director	5,000	$35.80	$178,997.00

The current annualized dividend paid by OGE Energy Corp is $1.64/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 10/11/2021. Below is a long-term dividend history chart for OGE, which can be of good help in judging whether the most recent dividend with approx. 4.9% annualized yield is likely to continue.

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Bag This Bargain Energy Stock 4.9% Yielder Even Cheaper Than Director Rainbolt Did

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