AMP Capital Investors Ltd cut its position in OGE Energy Corp. (NYSE:OGE) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,853 shares of the utilities provider’s stock after selling 20,204 shares during the period. AMP Capital Investors Ltd owned approximately 0.06% of OGE Energy worth $3,944,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of OGE. Amundi Pioneer Asset Management Inc. purchased a new position in OGE Energy during the fourth quarter worth approximately $47,463,000. Renaissance Technologies LLC raised its holdings in shares of OGE Energy by 140.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,189,800 shares of the utilities provider’s stock valued at $72,066,000 after acquiring an additional 1,279,200 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of OGE Energy by 150.9% during the third quarter. Citadel Advisors LLC now owns 1,889,541 shares of the utilities provider’s stock valued at $68,080,000 after acquiring an additional 1,136,560 shares during the last quarter. Strs Ohio raised its holdings in shares of OGE Energy by 10,036.0% during the fourth quarter. Strs Ohio now owns 253,501 shares of the utilities provider’s stock valued at $8,342,000 after acquiring an additional 251,000 shares during the last quarter. Finally, Covalis Capital LLP acquired a new position in shares of OGE Energy during the fourth quarter valued at approximately $6,637,000. Hedge funds and other institutional investors own 62.93% of the company’s stock.
Several equities research analysts recently commented on OGE shares. Zacks Investment Research cut OGE Energy from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Edward Jones cut OGE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Goldman Sachs raised OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Wednesday, January 10th. Bank of America raised OGE Energy from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. Finally, UBS began coverage on OGE Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $33.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. OGE Energy presently has a consensus rating of “Buy” and a consensus target price of $36.00.
In other news, Director Peter D. Clarke bought 1,850 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average price of $32.40 per share, for a total transaction of $59,940.00. Following the completion of the transaction, the director now owns 1,850 shares of the company’s stock, valued at $59,940. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.44% of the stock is currently owned by insiders.
NYSE:OGE traded down $0.24 during midday trading on Thursday, reaching $31.56. The company had a trading volume of 2,247,514 shares, compared to its average volume of 1,619,760. The firm has a market cap of $6,350.65, a PE ratio of 16.56, a price-to-earnings-growth ratio of 2.67 and a beta of 0.67. OGE Energy Corp. has a 12-month low of $29.59 and a 12-month high of $37.32. The company has a current ratio of 0.52, a quick ratio of 0.35 and a debt-to-equity ratio of 0.71.
OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The company had revenue of $501.90 million during the quarter, compared to the consensus estimate of $531.39 million. OGE Energy had a return on equity of 10.64% and a net margin of 27.38%. OGE Energy’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS. equities analysts forecast that OGE Energy Corp. will post 2 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Tuesday, April 10th will be issued a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Monday, April 9th. OGE Energy’s dividend payout ratio (DPR) is 69.27%.
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OGE Energy Profile
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.
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