Gateway Investment Advisers LLC lowered its stake in shares of OGE Energy Corp. (NYSE:OGE) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,070 shares of the utilities provider’s stock after selling 40,078 shares during the quarter. Gateway Investment Advisers LLC owned about 0.13% of OGE Energy worth $8,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of OGE. Citadel Advisors LLC lifted its holdings in shares of OGE Energy by 150.9% during the third quarter. Citadel Advisors LLC now owns 1,889,541 shares of the utilities provider’s stock worth $68,080,000 after purchasing an additional 1,136,560 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of OGE Energy by 4,697.0% during the second quarter. Janus Henderson Group PLC now owns 990,059 shares of the utilities provider’s stock worth $34,444,000 after purchasing an additional 969,420 shares during the period. Blackstart Capital LP acquired a new stake in shares of OGE Energy during the second quarter worth about $8,946,000. Vanguard Group Inc. raised its position in OGE Energy by 1.4% during the second quarter. Vanguard Group Inc. now owns 17,778,833 shares of the utilities provider’s stock valued at $618,525,000 after acquiring an additional 247,341 shares in the last quarter. Finally, FMR LLC raised its position in OGE Energy by 5.3% during the second quarter. FMR LLC now owns 4,861,415 shares of the utilities provider’s stock valued at $169,129,000 after acquiring an additional 245,953 shares in the last quarter. 62.23% of the stock is currently owned by institutional investors.
OGE Energy Corp. (OGE) traded up $0.79 during midday trading on Friday, reaching $30.39. The company’s stock had a trading volume of 1,760,000 shares, compared to its average volume of 1,490,000. The firm has a market capitalization of $6,070.00, a price-to-earnings ratio of 15.91, a P/E/G ratio of 2.85 and a beta of 0.84. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.46. OGE Energy Corp. has a one year low of $29.59 and a one year high of $37.40.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Wednesday, January 10th were paid a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date was Tuesday, January 9th. OGE Energy’s dividend payout ratio (DPR) is currently 69.63%.
OGE has been the subject of several recent research reports. Bank of America initiated coverage on OGE Energy in a research report on Tuesday, October 24th. They set an “underperform” rating and a $37.00 price target for the company. Zacks Investment Research cut OGE Energy from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Edward Jones cut OGE Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Goldman Sachs Group upgraded OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Wednesday, January 10th. Finally, UBS Group initiated coverage on OGE Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $33.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $36.67.
In other OGE Energy news, VP Patricia D. Horn sold 10,051 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $35.56, for a total transaction of $357,413.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.
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OGE Energy Company Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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