US Bancorp DE raised its holdings in OGE Energy Corp. (NYSE:OGE – Free Report) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,434 shares of the utilities provider’s stock after buying an additional 2,197 shares during the quarter. US Bancorp DE’s holdings in OGE Energy were worth $853,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. ClearBridge Investments Ltd increased its stake in shares of OGE Energy by 3.9% in the 3rd quarter. ClearBridge Investments Ltd now owns 6,684,861 shares of the utilities provider’s stock valued at $222,806,000 after acquiring an additional 252,456 shares in the last quarter. Boston Partners bought a new stake in OGE Energy in the fourth quarter valued at $128,381,000. Thompson Siegel & Walmsley LLC raised its holdings in shares of OGE Energy by 3.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,177,388 shares of the utilities provider’s stock valued at $110,986,000 after purchasing an additional 93,916 shares during the period. Franklin Resources Inc. boosted its position in shares of OGE Energy by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 1,873,306 shares of the utilities provider’s stock worth $65,435,000 after purchasing an additional 59,329 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of OGE Energy by 13.4% during the 3rd quarter. Invesco Ltd. now owns 1,842,045 shares of the utilities provider’s stock worth $61,395,000 after purchasing an additional 217,866 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. StockNews.com raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. TheStreet lowered OGE Energy from a “b” rating to a “c+” rating in a research report on Wednesday, February 21st. Argus downgraded shares of OGE Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, Barclays downgraded shares of OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 price objective on the stock. in a report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, OGE Energy presently has an average rating of “Hold” and a consensus price target of $33.40.
Get Our Latest Stock Analysis on OGE
OGE Energy Stock Up 1.0 %
Shares of NYSE:OGE opened at $36.55 on Wednesday. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 3.40 and a beta of 0.74. The business’s 50 day moving average is $34.90 and its 200 day moving average is $34.39. OGE Energy Corp. has a 12-month low of $31.25 and a 12-month high of $37.30. The company has a quick ratio of 0.23, a current ratio of 0.51 and a debt-to-equity ratio of 0.96.
OGE Energy (NYSE:OGE – Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.26). The firm had revenue of $596.80 million for the quarter, compared to analysts’ expectations of $607.37 million. OGE Energy had a return on equity of 8.89% and a net margin of 14.63%. OGE Energy’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, sell-side analysts forecast that OGE Energy Corp. will post 2.13 earnings per share for the current fiscal year.
OGE Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Monday, July 8th will be paid a $0.418 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.67 annualized dividend and a yield of 4.57%. OGE Energy’s dividend payout ratio (DPR) is 84.77%.
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.
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Source: defenseworld.net
