Koch Industries Inc. bought a new stake in shares of OGE Energy Corp. (NYSE:OGE) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,029 shares of the utilities provider’s stock, valued at approximately $297,000.
Several other large investors have also bought and sold shares of OGE. Amundi Pioneer Asset Management Inc. bought a new stake in shares of OGE Energy during the 4th quarter valued at about $47,463,000. Citadel Advisors LLC boosted its stake in OGE Energy by 150.9% during the 3rd quarter. Citadel Advisors LLC now owns 1,889,541 shares of the utilities provider’s stock valued at $68,080,000 after purchasing an additional 1,136,560 shares during the period. Strs Ohio boosted its stake in OGE Energy by 10,036.0% during the 4th quarter. Strs Ohio now owns 253,501 shares of the utilities provider’s stock valued at $8,342,000 after purchasing an additional 251,000 shares during the period. Vaughan David Investments Inc. IL boosted its stake in OGE Energy by 2,335.6% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 241,950 shares of the utilities provider’s stock valued at $26,961,000 after purchasing an additional 232,016 shares during the period. Finally, Covalis Capital LLP acquired a new stake in shares of OGE Energy in the 4th quarter worth approximately $6,637,000. Institutional investors and hedge funds own 62.99% of the company’s stock.
Shares of OGE Energy stock traded down $0.48 during mid-day trading on Friday, reaching $32.37. 1,987,957 shares of the stock were exchanged, compared to its average volume of 1,627,293. The company has a quick ratio of 0.35, a current ratio of 0.52 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $6,444.52, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 2.71 and a beta of 0.67. OGE Energy Corp. has a fifty-two week low of $29.59 and a fifty-two week high of $37.32.
OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. The firm had revenue of $501.90 million during the quarter, compared to analysts’ expectations of $531.39 million. OGE Energy had a net margin of 27.38% and a return on equity of 10.64%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. equities analysts anticipate that OGE Energy Corp. will post 2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Tuesday, April 10th will be paid a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Monday, April 9th. OGE Energy’s payout ratio is 69.27%.
In other news, Director Peter D. Clarke acquired 1,850 shares of OGE Energy stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average price of $32.40 per share, with a total value of $59,940.00. Following the purchase, the director now directly owns 1,850 shares of the company’s stock, valued at $59,940. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is owned by company insiders.
OGE has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of OGE Energy from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Edward Jones lowered shares of OGE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Goldman Sachs upgraded shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Wednesday, January 10th. Bank of America upgraded shares of OGE Energy from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. Finally, UBS started coverage on shares of OGE Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $33.00 price target on the stock. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $36.00.
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OGE Energy Company Profile
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.
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