5 High Growth Utility Stocks to Buy

4. OGE Energy Corp. (NYSE:OGE)

Number of Hedge Fund Holders: 16

Quarterly Revenue Growth YoY as of September 29, 2022: 47.00%

OGE Energy Corp. (NYSE:OGE) is an Oklahoma-based company that generates, transmits, distributes, and sells electric energy. The company also provides natural gas, crude oil, and natural gas liquids in the United States. OGE Energy Corp. (NYSE:OGE) is one of the top high growth stocks in the utility sector. The year-over-year quarterly revenue growth as of September 29 came in at 47%. 

On January 23, Guggenheim analyst Shahriar Pourreza downgraded OGE Energy Corp. (NYSE:OGE) to Neutral from Buy with a price target of $40, up from $39.

According to Insider Monkey’s third quarter database, 16 hedge funds were bullish on OGE Energy Corp. (NYSE:OGE), compared to 13 funds in the last quarter. Stuart J. Zimmer’s Zimmer Partners is the largest stakeholder of the company, with 2.18 million shares worth nearly $80 million. 

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