Victory Capital Management Inc. raised its holdings in OGE Energy Corporation (NYSE:OGE) by 48.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 346,172 shares of the utilities provider’s stock after purchasing an additional 113,487 shares during the period. Victory Capital Management Inc. owned about 0.17% of OGE Energy Corporation worth $12,473,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Crossmark Global Holdings Inc. acquired a new stake in OGE Energy Corporation in the third quarter valued at approximately $709,000. First Midwest Bank Trust Division boosted its stake in shares of OGE Energy Corporation by 37.8% in the third quarter. First Midwest Bank Trust Division now owns 18,510 shares of the utilities provider’s stock worth $667,000 after acquiring an additional 5,080 shares during the last quarter. Aperio Group LLC boosted its stake in shares of OGE Energy Corporation by 12.7% in the third quarter. Aperio Group LLC now owns 93,168 shares of the utilities provider’s stock worth $3,357,000 after acquiring an additional 10,497 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of OGE Energy Corporation by 4.3% in the third quarter. First Trust Advisors LP now owns 1,885,881 shares of the utilities provider’s stock worth $67,948,000 after acquiring an additional 77,097 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of OGE Energy Corporation in the third quarter worth approximately $1,034,000. 62.37% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of OGE Energy Corporation in a research note on Friday, September 1st. Evercore ISI assumed coverage on OGE Energy Corporation in a research note on Monday, July 24th. They issued an “outperform” rating and a $37.00 price target on the stock. Bank of America Corporation assumed coverage on OGE Energy Corporation in a research note on Tuesday, October 24th. They issued an “underperform” rating and a $37.00 price target on the stock. Zacks Investment Research lowered OGE Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price target on shares of OGE Energy Corporation in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $36.67.
OGE Energy Corporation (NYSE:OGE) opened at $35.12 on Tuesday. OGE Energy Corporation has a 1 year low of $30.10 and a 1 year high of $37.40. The company has a market capitalization of $6,991.68, a P/E ratio of 18.33, a P/E/G ratio of 4.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.46 and a current ratio of 0.63.
OGE Energy Corporation (NYSE:OGE) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.01). OGE Energy Corporation had a return on equity of 10.92% and a net margin of 16.69%. The company had revenue of $716.80 million for the quarter, compared to analysts’ expectations of $728.18 million. During the same quarter in the previous year, the business posted $0.92 EPS. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. analysts forecast that OGE Energy Corporation will post 1.88 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Tuesday, October 10th were given a $0.333 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.33 dividend on an annualized basis and a yield of 3.79%. OGE Energy Corporation’s dividend payout ratio is currently 69.63%.
OGE Energy Corporation 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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