Natixis Advisors LLC Has $2.98 Million Stock Position in OGE Energy Corp. (NYSE:OGE)

Natixis Advisors LLC raised its position in shares of OGE Energy Corp. (NYSE:OGE) by 12.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 72,751 shares of the utilities provider’s stock after purchasing an additional 8,060 shares during the quarter. Natixis Advisors LLC’s holdings in OGE Energy were worth $2,984,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OGE. V Square Quantitative Management LLC acquired a new position in shares of OGE Energy in the 3rd quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in OGE Energy in the second quarter valued at approximately $35,000. Kimelman & Baird LLC acquired a new position in OGE Energy in the second quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of OGE Energy by 23.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock worth $53,000 after buying an additional 278 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of OGE Energy during the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

OGE has been the topic of a number of research reports. Jefferies Financial Group started coverage on shares of OGE Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Barclays upped their price objective on shares of OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Evercore ISI raised their target price on OGE Energy from $36.00 to $40.00 and gave the company an “in-line” rating in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.40.

OGE Energy Stock Performance

OGE opened at $43.81 on Monday. OGE Energy Corp. has a 1-year low of $32.06 and a 1-year high of $44.33. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 3.94 and a beta of 0.74. The company’s fifty day moving average price is $41.17 and its two-hundred day moving average price is $38.70. The company has a current ratio of 0.86, a quick ratio of 0.51 and a debt-to-equity ratio of 1.09.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The business had revenue of $965.40 million during the quarter, compared to analyst estimates of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS. On average, analysts expect that OGE Energy Corp. will post 2.15 EPS for the current fiscal year.

OGE Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were paid a $0.4213 dividend. This is a positive change from OGE Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.85%. OGE Energy’s dividend payout ratio is presently 87.05%.

Insider Activity

In related news, VP Cristina F. Mcquistion sold 5,008 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were 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 approximately $896,127.12. The trade was a 19.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

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.