Dynamic Technology Lab Private Ltd Takes $602,000 Position in OGE Energy Corp. (NYSE:OGE)

Dynamic Technology Lab Private Ltd purchased a new stake in OGE Energy Corp. (NYSE:OGE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,677 shares of the utilities provider's stock, valued at approximately $602,000.

A number of other institutional investors also recently modified their holdings of the business. ClearBridge Investments Ltd raised its holdings in OGE Energy by 2.7% during the 2nd quarter. ClearBridge Investments Ltd now owns 5,829,222 shares of the utilities provider's stock valued at $208,103,000 after acquiring an additional 150,797 shares during the period. Boston Partners grew its position in shares of OGE Energy by 3.8% in the first quarter. Boston Partners now owns 3,815,848 shares of the utilities provider's stock valued at $130,878,000 after purchasing an additional 139,872 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of OGE Energy by 31.9% in 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 purchasing an additional 531,730 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of OGE Energy by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,339,833 shares of the utilities provider's stock valued at $54,960,000 after purchasing an additional 4,761 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of OGE Energy by 3,834.0% in the third quarter. International Assets Investment Management LLC now owns 748,608 shares of the utilities provider's stock valued at $30,708,000 after purchasing an additional 729,579 shares in the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of the company'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 directly owns 20,918 shares in the company, valued at approximately $896,127.12. This represents a 19.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.53% of the company's stock.

OGE Energy Price Performance

OGE Energy stock traded down $0.12 during midday trading on Friday, hitting $43.96. 448,100 shares of the company's stock were exchanged, compared to its average volume of 1,284,471. OGE Energy Corp. has a 52-week low of $32.06 and a 52-week high of $44.41. The stock has a 50-day moving average price of $41.44 and a two-hundred day moving average price of $38.88. 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 company has a market cap of $8.83 billion, a P/E ratio of 22.78, a PEG ratio of 3.98 and a beta of 0.74.

OGE Energy (NYSE:OGE - Get Free Report) last posted 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 return on equity of 8.59% and a net margin of 13.89%. The business had revenue of $965.40 million for the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. OGE Energy's quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that OGE Energy Corp. will post 2.14 earnings per share for the current year.

OGE Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, October 7th were given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.83%. This is a boost from OGE Energy's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 7th. OGE Energy's payout ratio is presently 87.05%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on OGE shares. Jefferies Financial Group started coverage on OGE Energy in a research report on Thursday, September 19th. They issued a "buy" rating and a $46.00 price target for the company. Barclays lifted 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. Finally, Evercore ISI lifted their price target on OGE Energy from $36.00 to $40.00 and gave the company an "in-line" rating in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, OGE Energy has a consensus rating of "Hold" and an average target price of $40.50.

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.