Jane Street Group LLC Sells 167,920 Shares of OGE Energy Corp. (NYSE:OGE)

Jane Street Group LLC lowered its stake in OGE Energy Corp. (NYSE:OGE) by 80.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,145 shares of the utilities provider’s stock after selling 167,920 shares during the quarter. Jane Street Group LLC’s holdings in OGE Energy were worth $1,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in OGE. Allspring Global Investments Holdings LLC boosted its position in shares of OGE Energy by 23.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 278 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in OGE Energy by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 290 shares during the period. Centennial Wealth Advisory LLC boosted its holdings in OGE Energy by 3.8% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock valued at $333,000 after purchasing an additional 300 shares during the period. Raymond James Trust N.A. grew its position in shares of OGE Energy by 5.3% during the 2nd quarter. Raymond James Trust N.A. now owns 6,970 shares of the utilities provider’s stock valued at $249,000 after purchasing an additional 352 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of OGE Energy by 5.3% in the third quarter. UMB Bank n.a. now owns 7,694 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 390 shares during the period. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Up 0.5 %

Shares of OGE stock opened at $41.50 on Thursday. The business has a 50-day moving average price of $41.99 and a two-hundred day moving average price of $39.67. OGE Energy Corp. has a 12-month low of $32.06 and a 12-month high of $44.41. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The firm has a market cap of $8.34 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.03). The firm had revenue of $965.40 million during the quarter, compared to analysts’ expectations of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. Equities analysts anticipate that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Monday, January 6th. OGE Energy’s dividend payout ratio is presently 87.05%.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the transaction, the vice president now directly owns 20,918 shares of the company’s stock, valued at $896,127.12. The trade was a 19.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

OGE has been the subject of several recent analyst reports. Barclays boosted their target price on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Jefferies Financial Group started coverage on OGE Energy in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.50.

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.