Quantbot Technologies LP Invests $1.82 Million in OGE Energy Corp. (NYSE:OGE)

Quantbot Technologies LP bought a new stake in OGE Energy Corp. (NYSE:OGE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,313 shares of the utilities provider's stock, valued at approximately $1,818,000.

A number of other large investors have also added to or reduced their stakes in OGE. Harbor Capital Advisors Inc. purchased a new position in shares of OGE Energy during the 2nd quarter valued at about $619,000. Wedge Capital Management L L P NC boosted its stake in shares of OGE Energy by 6.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 391,027 shares of the utilities provider's stock valued at $13,960,000 after purchasing an additional 22,899 shares in the last quarter. Cetera Investment Advisers lifted its stake in OGE Energy by 235.7% in the first quarter. Cetera Investment Advisers now owns 57,980 shares of the utilities provider's stock worth $1,989,000 after purchasing an additional 40,710 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of OGE Energy by 207.4% during the first quarter. Cetera Advisors LLC now owns 22,256 shares of the utilities provider's stock valued at $763,000 after buying an additional 15,017 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new position in shares of OGE Energy in the third quarter worth about $785,000. Hedge funds and other institutional investors own 71.84% of the company's stock.

Analyst Upgrades and Downgrades

OGE has been the subject of several analyst reports. Jefferies Financial Group started coverage on OGE Energy in a report on Thursday, September 19th. They set a "buy" rating and a $46.00 target price for the company. Barclays raised their target price on shares of OGE Energy from $39.00 to $42.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Finally, Evercore ISI upped their price target on shares of OGE Energy from $36.00 to $40.00 and gave the company an "in-line" rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, OGE Energy has an average rating of "Hold" and a consensus target price of $40.50.

OGE Energy Trading Down 0.3 %

Shares of OGE stock traded down $0.12 during trading hours on Friday, reaching $43.96. The company's stock had a trading volume of 448,102 shares, compared to its average volume of 1,284,471. The firm's fifty day simple moving average is $41.50 and its 200 day simple moving average is $38.93. OGE Energy Corp. has a one year low of $32.06 and a one year high of $44.41. The stock has a market capitalization of $8.83 billion, a P/E ratio of 22.78, a P/E/G ratio of 3.98 and a beta of 0.74. 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 (NYSE:OGE - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.03). The company 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 quarter last year, the company posted $1.20 earnings per share. Equities research analysts expect that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders 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 was Monday, October 7th. OGE Energy's payout ratio is presently 87.05%.

Insiders Place Their Bets

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

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.