Jump Financial LLC Makes New $651,000 Investment in OGE Energy Corp. (NYSE:OGE)

Jump Financial LLC bought a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,773 shares of the utilities provider's stock, valued at approximately $651,000.

Other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in OGE Energy by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider's stock worth $199,000 after buying an additional 239 shares during the last quarter. Mather Group LLC. raised its holdings in shares of OGE Energy by 20.9% in the 4th quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock worth $67,000 after purchasing an additional 279 shares during the period. CIBC Asset Management Inc grew its holdings in OGE Energy by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock valued at $249,000 after purchasing an additional 295 shares during the period. Bessemer Group Inc. increased its position in OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after buying an additional 361 shares during the last quarter. Finally, Gries Financial LLC raised its stake in shares of OGE Energy by 1.7% in the fourth quarter. Gries Financial LLC now owns 30,877 shares of the utilities provider's stock valued at $1,274,000 after buying an additional 514 shares during the period. 71.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Evercore ISI raised OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Barclays lifted their target price on shares of OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research note on Monday, March 17th. Finally, Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.25.

OGE Energy Trading Up 2.7 %

Shares of OGE opened at $45.28 on Wednesday. The business's 50-day moving average price is $44.61 and its 200-day moving average price is $42.79. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a twelve month low of $33.46 and a twelve month high of $46.91. The stock has a market cap of $9.12 billion, a PE ratio of 20.58, a P/E/G ratio of 3.30 and a beta of 0.57.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 7th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.72%. The ex-dividend date is Monday, April 7th. OGE Energy's dividend payout ratio is presently 76.36%.

OGE Energy Profile

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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