14,133 Shares in OGE Energy Corp. (NYSE:OGE) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in OGE Energy Corp. (NYSE:OGE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,133 shares of the utilities provider’s stock, valued at approximately $580,000.

A number of other hedge funds also recently modified their holdings of OGE. V Square Quantitative Management LLC acquired a new position in OGE Energy during the third quarter valued at $30,000. Kimelman & Baird LLC acquired a new position in shares of OGE Energy in the 2nd quarter valued at about $38,000. Allspring Global Investments Holdings LLC lifted its position in shares of OGE Energy by 23.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 278 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of OGE Energy during the third quarter worth approximately $63,000. Finally, Gradient Investments LLC purchased a new position in OGE Energy during the second quarter valued at approximately $68,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Wall Street Analyst Weigh In

OGE has been the subject of a number of research analyst reports. Barclays increased their target price on shares of OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Jefferies Financial Group initiated coverage on OGE Energy in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.50.

OGE Energy Stock Up 0.0 %

OGE Energy stock opened at $42.05 on Friday. 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’s fifty day simple moving average is $41.81 and its 200-day simple moving average is $39.37. The company has a market capitalization of $8.45 billion, a P/E ratio of 21.79, a P/E/G ratio of 3.80 and a beta of 0.77.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.03). The company had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. OGE Energy’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.20 earnings per share. Sell-side analysts forecast that OGE Energy Corp. will post 2.14 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a $0.4213 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Monday, January 6th. OGE Energy’s dividend payout ratio is 87.05%.

Insider Transactions at OGE Energy

In other news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy 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 transaction, the vice president now directly owns 20,918 shares in the company, valued at approximately $896,127.12. The trade was a 19.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.53% of the stock is owned by corporate insiders.

OGE Energy Company 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.