Centiva Capital LP acquired a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 29,249 shares of the utilities provider's stock, valued at approximately $1,200,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of OGE Energy during the 3rd quarter valued at $30,000. Kimelman & Baird LLC purchased a new position in OGE Energy in the 2nd quarter worth approximately $38,000. Allspring Global Investments Holdings LLC increased its holdings in shares of OGE Energy by 23.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider's stock worth $53,000 after buying an additional 278 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of OGE Energy during the 3rd quarter valued at $63,000. Finally, Gradient Investments LLC bought a new stake in shares of OGE Energy during the 2nd quarter worth $68,000. Institutional investors own 71.84% of the company's stock.
OGE Energy Trading Up 0.3 %
Shares of NYSE OGE traded up $0.13 during mid-day trading on Thursday, hitting $43.13. The stock had a trading volume of 850,885 shares, compared to its average volume of 1,278,200. The firm has a market cap of $8.67 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 3.87 and a beta of 0.77. OGE Energy Corp. has a 1 year low of $32.06 and a 1 year high of $44.41. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.51 and a current ratio of 0.86. The business has a 50 day moving average price of $41.62 and a two-hundred day moving average price of $39.07.
OGE Energy (NYSE:OGE - Get Free Report) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.03). The business had revenue of $965.40 million during the quarter, compared to the consensus estimate of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 earnings per share. On average, equities analysts anticipate that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.
OGE Energy Announces Dividend
The business 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 $0.4213 dividend. The ex-dividend date is Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 3.91%. OGE Energy's dividend payout ratio (DPR) is presently 87.05%.
Insider Transactions at OGE Energy
In other news, VP Cristina F. Mcquistion sold 5,008 shares of the firm's stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.53% of the company's stock.
Wall Street Analyst Weigh In
OGE has been the topic of a number of research reports. Barclays raised their price target on OGE Energy from $39.00 to $42.00 and gave the company an "equal weight" rating in a research report on Monday, October 21st. Evercore ISI lifted their price target on shares of OGE Energy from $36.00 to $40.00 and gave the stock an "in-line" rating in a research note on Thursday, August 8th. Finally, Jefferies Financial Group began coverage on shares of OGE Energy in a report on Thursday, September 19th. They set a "buy" rating and a $46.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, OGE Energy presently has an average rating of "Hold" and an average target price of $40.50.
Get Our Latest Stock Analysis on OGE
About OGE Energy
(
Free Report)
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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