Kapitalo Investimentos Ltda Buys New Shares in OGE Energy Corp. (NYSE:OGE)

Kapitalo Investimentos Ltda bought a new stake in OGE Energy Corp. (NYSE:OGE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,437 shares of the utilities provider’s stock, valued at approximately $399,000.

A number of other institutional investors have also recently bought and sold shares of OGE. ClearBridge Investments Ltd grew its stake in OGE Energy by 3.9% during the third quarter. ClearBridge Investments Ltd now owns 6,684,861 shares of the utilities provider’s stock worth $222,806,000 after buying an additional 252,456 shares during the period. Boston Partners purchased a new stake in OGE Energy during the fourth quarter worth approximately $128,381,000. Thompson Siegel & Walmsley LLC lifted its position in shares of OGE Energy by 3.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,177,388 shares of the utilities provider’s stock worth $110,986,000 after purchasing an additional 93,916 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of OGE Energy by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 1,873,306 shares of the utilities provider’s stock worth $65,435,000 after purchasing an additional 59,329 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of OGE Energy by 13.4% during the third quarter. Invesco Ltd. now owns 1,842,045 shares of the utilities provider’s stock worth $61,395,000 after purchasing an additional 217,866 shares in the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. TheStreet cut shares of OGE Energy from a “b” rating to a “c+” rating in a research report on Wednesday, February 21st. Barclays boosted their target price on shares of OGE Energy from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday. StockNews.com raised shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Finally, Argus cut shares of OGE Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, OGE Energy has an average rating of “Hold” and a consensus target price of $33.60.

OGE Energy Stock Down 0.1 %

OGE stock opened at $35.11 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.51 and a quick ratio of 0.23. OGE Energy Corp. has a 1-year low of $31.25 and a 1-year high of $37.30. The firm has a fifty day moving average price of $35.20 and a two-hundred day moving average price of $34.44. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 3.30 and a beta of 0.74.

OGE Energy (NYSE:OGE) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.26). OGE Energy had a net margin of 14.63% and a return on equity of 8.89%. The business had revenue of $596.80 million for the quarter, compared to the consensus estimate of $607.37 million. During the same quarter in the previous year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts predict that OGE Energy Corp. will post 2.13 EPS for the current year.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Monday, July 8th will be given a dividend of $0.418 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.67 annualized dividend and a dividend yield of 4.76%. OGE Energy’s dividend payout ratio is currently 84.77%.

OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.