Everence Capital Management Inc. purchased a new position in shares of OGE Energy Corp. (NYSE:OGE – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,730 shares of the utilities provider’s stock, valued at approximately $236,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of OGE. International Assets Investment Management LLC grew its stake in OGE Energy by 3,834.0% during the third quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider’s stock worth $30,708,000 after purchasing an additional 729,579 shares during the period. Dimensional Fund Advisors LP grew its position in shares of OGE Energy by 31.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider’s stock worth $78,453,000 after buying an additional 531,730 shares during the period. Verition Fund Management LLC increased its stake in shares of OGE Energy by 25.2% in the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider’s stock valued at $54,087,000 after acquiring an additional 265,115 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of OGE Energy by 198.1% during the 2nd quarter. Victory Capital Management Inc. now owns 293,217 shares of the utilities provider’s stock valued at $10,468,000 after acquiring an additional 194,839 shares during the period. Finally, State Street Corp boosted its stake in OGE Energy by 2.8% during the third quarter. State Street Corp now owns 6,836,303 shares of the utilities provider’s stock worth $280,425,000 after acquiring an additional 185,069 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.
Insider Transactions at OGE Energy
In related news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction of $214,542.72. Following the sale, the vice president now directly owns 20,918 shares in the company, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.53% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on OGE
OGE Energy Stock Up 0.7 %
Shares of NYSE OGE opened at $40.83 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. OGE Energy Corp. has a 1 year low of $32.06 and a 1 year high of $44.41. The stock has a market capitalization of $8.20 billion, a P/E ratio of 21.16, a P/E/G ratio of 3.80 and a beta of 0.77. The company has a 50-day moving average price of $42.07 and a 200-day moving average price of $40.08.
OGE Energy (NYSE:OGE – Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The company had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm posted $1.20 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.
OGE Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy’s dividend payout ratio is 87.05%.
OGE Energy Company 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.
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