BNP Paribas Financial Markets Purchases 26,411 Shares of OGE Energy Corp. (NYSE:OGE)

BNP Paribas Financial Markets raised its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 316.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,752 shares of the utilities provider's stock after acquiring an additional 26,411 shares during the period. BNP Paribas Financial Markets' holdings in OGE Energy were worth $1,426,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OGE. Quantbot Technologies LP bought a new position in OGE Energy during the third quarter worth about $1,818,000. FMR LLC grew its position in OGE Energy by 16.3% in the third quarter. FMR LLC now owns 558,967 shares of the utilities provider's stock valued at $22,929,000 after acquiring an additional 78,164 shares during the period. Hancock Whitney Corp acquired a new position in OGE Energy during the third quarter worth $870,000. Dynamic Technology Lab Private Ltd bought a new position in shares of OGE Energy during the third quarter valued at $602,000. Finally, Cerity Partners LLC grew its holdings in shares of OGE Energy by 41.1% in the 3rd quarter. Cerity Partners LLC now owns 11,496 shares of the utilities provider's stock worth $472,000 after purchasing an additional 3,350 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

Insider Activity

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the firm's stock in a transaction dated 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 transaction, the vice president now owns 20,918 shares in the company, valued at $896,127.12. This trade represents a 19.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

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

OGE Energy Trading Down 1.2 %

Shares of NYSE:OGE traded down $0.50 during trading on Monday, hitting $41.80. 832,917 shares of the company's stock were exchanged, compared to its average volume of 1,274,372. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09. OGE Energy Corp. has a 1-year low of $32.06 and a 1-year high of $44.41. The firm has a 50-day moving average price of $41.70 and a two-hundred day moving average price of $39.17. The firm has a market cap of $8.40 billion, a P/E ratio of 21.66, a PEG ratio of 3.82 and a beta of 0.77.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly earnings results 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). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The firm 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 business earned $1.20 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that OGE Energy Corp. will post 2.14 earnings per share for the current year.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 4.03%. OGE Energy's payout ratio 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.