OGE Energy Corp. (NYSE:OGE) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL lifted its stake in OGE Energy Corp. (NYSE:OGE) by 15.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,117 shares of the utilities provider’s stock after purchasing an additional 3,536 shares during the quarter. Blair William & Co. IL’s holdings in OGE Energy were worth $932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Donoghue Forlines LLC acquired a new stake in shares of OGE Energy in the first quarter valued at approximately $656,000. Harbor Capital Advisors Inc. purchased a new position in OGE Energy in the second quarter worth approximately $619,000. SG Americas Securities LLC grew its position in OGE Energy by 2,815.6% in the first quarter. SG Americas Securities LLC now owns 121,115 shares of the utilities provider’s stock worth $4,154,000 after acquiring an additional 116,961 shares during the period. TD Asset Management Inc purchased a new position in OGE Energy in the fourth quarter worth approximately $1,965,000. Finally, Wedge Capital Management L L P NC grew its position in OGE Energy by 6.2% in the second quarter. Wedge Capital Management L L P NC now owns 391,027 shares of the utilities provider’s stock worth $13,960,000 after acquiring an additional 22,899 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Trading Down 0.5 %

NYSE:OGE opened at $40.77 on Wednesday. The firm has a market cap of $8.18 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 3.75 and a beta of 0.74. The stock has a fifty day moving average price of $39.32 and a 200 day moving average price of $36.52. OGE Energy Corp. has a 12-month low of $31.25 and a 12-month high of $41.48. The company has a current ratio of 0.71, a quick ratio of 0.36 and a debt-to-equity ratio of 1.08.

OGE Energy (NYSE:OGE) last released its earnings results on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The firm had revenue of $662.60 million during the quarter, compared to analyst estimates of $837.51 million. OGE Energy had a return on equity of 9.15% and a net margin of 14.83%. OGE Energy’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. Sell-side analysts anticipate that OGE Energy Corp. will post 2.14 earnings per share for the current fiscal year.

OGE Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, October 7th will be paid a $0.4213 dividend. The ex-dividend date of this dividend is Monday, October 7th. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. This represents a $1.69 dividend on an annualized basis and a yield of 4.13%. OGE Energy’s dividend payout ratio (DPR) is currently 84.77%.

Analysts Set New Price Targets

OGE has been the subject of several analyst reports. Barclays increased their price objective on OGE Energy from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Evercore ISI increased their price objective on OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a research report on Thursday, August 8th. Finally, Jefferies Financial Group assumed coverage on OGE Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.86.

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.