OGE Energy Corp. (NYSE:OGE) Shares Bought by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. grew its position in shares of OGE Energy Corp. (NYSE:OGE) by 392.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 823 shares of the utilities provider’s stock after acquiring an additional 656 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in OGE Energy were worth $28,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Boston Partners acquired a new position in shares of OGE Energy during the fourth quarter valued at $128,381,000. Thompson Siegel & Walmsley LLC boosted its holdings 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 valued at $110,986,000 after acquiring an additional 93,916 shares during the period. Franklin Resources Inc. boosted its holdings 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 valued at $65,435,000 after acquiring an additional 59,329 shares during the period. Dimensional Fund Advisors LP lifted its holdings in OGE Energy by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,419,650 shares of the utilities provider’s stock worth $49,589,000 after purchasing an additional 144,487 shares during the period. Finally, Norges Bank acquired a new stake in OGE Energy in the fourth quarter worth about $49,274,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OGE shares. Argus downgraded shares of OGE Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. StockNews.com raised shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Finally, Barclays boosted their price target 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, June 18th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.60.

OGE Energy Price Performance

NYSE OGE opened at $35.67 on Friday. The stock’s 50-day moving average price is $35.57 and its two-hundred day moving average price is $34.45. The company has a current ratio of 0.51, a quick ratio of 0.23 and a debt-to-equity ratio of 0.96. The company has a market cap of $7.15 billion, a PE ratio of 18.11, a PEG ratio of 3.34 and a beta of 0.74. OGE Energy Corp. has a 1 year low of $31.25 and a 1 year high of $37.30.

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

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Monday, July 8th will be issued a $0.418 dividend. The ex-dividend date is Monday, July 8th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 4.69%. OGE Energy’s dividend payout ratio is 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.