GSA Capital Partners LLP reduced its stake in OGE Energy Corp. (NYSE:OGE) by 56.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,300 shares of the utilities provider’s stock after selling 14,600 shares during the period. GSA Capital Partners LLP’s holdings in OGE Energy were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in OGE. Russell Investments Group Ltd. raised its position in shares of OGE Energy by 5.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 132,038 shares of the utilities provider’s stock valued at $4,772,000 after purchasing an additional 6,822 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in OGE Energy by 71.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 449,311 shares of the utilities provider’s stock worth $16,322,000 after buying an additional 187,516 shares during the period. US Bancorp DE increased its holdings in OGE Energy by 14.7% in the 3rd quarter. US Bancorp DE now owns 31,871 shares of the utilities provider’s stock worth $1,157,000 after buying an additional 4,086 shares during the period. Wells Fargo & Company MN increased its holdings in OGE Energy by 2.5% in the 3rd quarter. Wells Fargo & Company MN now owns 287,884 shares of the utilities provider’s stock worth $10,456,000 after buying an additional 6,939 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in OGE Energy by 86.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 35,959 shares of the utilities provider’s stock worth $1,306,000 after buying an additional 16,657 shares during the period. Institutional investors own 68.19% of the company’s stock.

Several equities analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of OGE Energy in a report on Friday. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded shares of OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Monday, February 18th. Guggenheim downgraded shares of OGE Energy from a “buy” rating to a “neutral” rating in a report on Monday, January 7th. They noted that the move was a valuation call. Barclays set a $37.00 price target on shares of OGE Energy and gave the stock a “sell” rating in a report on Saturday, November 17th. Finally, Bank of America downgraded shares of OGE Energy from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a report on Tuesday, November 27th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.00.

In other news, VP Jerry A. Peace sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $42.28, for a total transaction of $169,120.00. Following the sale, the vice president now owns 18,417 shares of the company’s stock, valued at approximately $778,670.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kenneth R. Grant sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $42.20, for a total transaction of $63,300.00. Following the sale, the vice president now directly owns 10,768 shares in the company, valued at approximately $454,409.60. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

Shares of NYSE:OGE opened at $43.11 on Friday. OGE Energy Corp. has a twelve month low of $31.38 and a twelve month high of $43.16. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.43 and a current ratio of 0.64. The company has a market capitalization of $8.55 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 4.18 and a beta of 0.56.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Thursday, February 21st. The utilities provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $511.80 million for the quarter, compared to analysts’ expectations of $490.80 million. OGE Energy had a net margin of 18.74% and a return on equity of 10.80%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. On average, analysts forecast that OGE Energy Corp. will post 2.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.365 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.39%. OGE Energy’s payout ratio is 68.87%.

TRADEMARK VIOLATION NOTICE: “GSA Capital Partners LLP Has $443,000 Stake in OGE Energy Corp. (OGE)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/gsa-capital-partners-llp-has-443000-stake-in-oge-energy-corp-oge/2895821.html.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.

Featured Article: What is the Coverage Ratio?

Want to see what other hedge funds are holding OGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OGE Energy Corp. (NYSE:OGE).

Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

Receive News & Ratings for OGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.