Barclays PLC Buys 39,263 Shares of OGE Energy Corp. (NYSE:OGE)

Barclays PLC grew its stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 45.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,230 shares of the utilities provider's stock after purchasing an additional 39,263 shares during the period. Barclays PLC owned about 0.06% of OGE Energy worth $5,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its position in OGE Energy by 2.8% during the 3rd quarter. State Street Corp now owns 6,836,303 shares of the utilities provider's stock worth $280,425,000 after purchasing an additional 185,069 shares in the last quarter. ClearBridge Investments Ltd grew its holdings in shares of OGE Energy by 2.7% during the second quarter. ClearBridge Investments Ltd now owns 5,829,222 shares of the utilities provider's stock valued at $208,103,000 after buying an additional 150,797 shares in the last quarter. Dimensional Fund Advisors LP raised its position in OGE Energy by 31.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,197,585 shares of the utilities provider's stock valued at $78,453,000 after buying an additional 531,730 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in OGE Energy by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider's stock worth $54,960,000 after acquiring an additional 4,761 shares in the last quarter. Finally, Verition Fund Management LLC boosted its position in OGE Energy by 25.2% during the 3rd quarter. Verition Fund Management LLC now owns 1,318,556 shares of the utilities provider's stock worth $54,087,000 after acquiring an additional 265,115 shares during the period. Institutional investors and hedge funds own 71.84% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays increased their price target on shares of OGE Energy from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Jefferies Financial Group initiated coverage on shares of OGE Energy in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 target price for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $40.50.

Insiders Place Their Bets

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

OGE Energy Stock Performance

OGE stock traded up $0.05 during midday trading on Friday, hitting $41.01. 4,314,589 shares of the company traded hands, compared to its average volume of 1,279,627. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. OGE Energy Corp. has a twelve month low of $32.06 and a twelve month high of $44.41. 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 business has a 50 day simple moving average of $41.95 and a 200-day simple moving average of $39.54.

OGE Energy (NYSE:OGE - Get Free Report) last released its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The company had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the company earned $1.20 earnings per share. OGE Energy's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts predict that OGE Energy Corp. will post 2.14 earnings per share for the current year.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $0.4213 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 4.11%. OGE Energy's dividend payout ratio (DPR) is 87.05%.

About OGE Energy

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.