OGE Energy Corp. (NYSE:OGE) Shares Bought by KBC Group NV

KBC Group NV grew its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 55.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,795 shares of the utilities provider’s stock after buying an additional 2,774 shares during the period. KBC Group NV’s holdings in OGE Energy were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in OGE. Bank of Montreal Can lifted its stake in OGE Energy by 8.2% during the second quarter. Bank of Montreal Can now owns 28,186 shares of the utilities provider’s stock worth $1,007,000 after purchasing an additional 2,137 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of OGE Energy by 13.5% during the 2nd quarter. NewEdge Advisors LLC now owns 36,577 shares of the utilities provider’s stock worth $1,306,000 after buying an additional 4,358 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of OGE Energy by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider’s stock worth $342,000 after buying an additional 290 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of OGE Energy by 18.3% in the 3rd quarter. GAMMA Investing LLC now owns 4,390 shares of the utilities provider’s stock valued at $180,000 after buying an additional 679 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of OGE Energy by 5.3% in the 3rd quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider’s stock valued at $316,000 after buying an additional 390 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

OGE Energy Stock Performance

Shares of OGE stock opened at $42.33 on Tuesday. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.41. The stock’s 50-day moving average price is $41.96 and its 200 day moving average price is $40.89. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $8.51 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 3.15 and a beta of 0.77.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The firm had revenue of $965.40 million during the quarter, compared to analysts’ expectations of $1.02 billion. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.20 earnings per share. As a group, equities research analysts forecast that OGE Energy Corp. will post 2.17 EPS for the current year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Monday, January 6th. OGE Energy’s payout ratio is 87.05%.

Insider Transactions at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the sale, the vice president now owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on OGE shares. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays reduced their price objective on OGE Energy from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.00.

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.