Gulf International Bank UK Ltd increased its stake in shares of OGE Energy Corp. (NYSE:OGE) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,155 shares of the utilities provider’s stock after buying an additional 1,514 shares during the quarter. Gulf International Bank UK Ltd’s holdings in OGE Energy were worth $2,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. grew its stake in OGE Energy by 11.5% during the 4th quarter. BlackRock Inc. now owns 28,041,935 shares of the utilities provider’s stock worth $1,098,962,000 after buying an additional 2,902,717 shares during the last quarter. Vanguard Group Inc. grew its stake in OGE Energy by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 18,631,504 shares of the utilities provider’s stock worth $676,696,000 after buying an additional 146,931 shares during the last quarter. Vanguard Group Inc grew its stake in OGE Energy by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 18,631,504 shares of the utilities provider’s stock worth $676,696,000 after buying an additional 146,931 shares during the last quarter. Bank of New York Mellon Corp grew its stake in OGE Energy by 15.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,827,771 shares of the utilities provider’s stock worth $139,025,000 after buying an additional 499,463 shares during the last quarter. Finally, FMR LLC grew its stake in OGE Energy by 9.5% during the 4th quarter. FMR LLC now owns 3,806,544 shares of the utilities provider’s stock worth $149,179,000 after buying an additional 331,758 shares during the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Shares of OGE stock opened at $41.38 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.72. OGE Energy Corp. has a 1 year low of $32.38 and a 1 year high of $43.76. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 4.18 and a beta of 0.56.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Thursday, February 21st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. OGE Energy had a return on equity of 10.80% and a net margin of 18.74%. The company had revenue of $511.80 million during the quarter, compared to analyst estimates of $490.80 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts expect that OGE Energy Corp. will post 2.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.365 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.46 dividend on an annualized basis and a yield of 3.53%. OGE Energy’s dividend payout ratio (DPR) is presently 68.87%.

OGE has been the subject of a number of analyst reports. Guggenheim lowered OGE Energy from a “buy” rating to a “neutral” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. Wolfe Research initiated coverage on OGE Energy in a research report on Friday, March 15th. They set a “market perform” rating for the company. Goldman Sachs Group lowered OGE Energy from a “neutral” rating to a “sell” rating and set a $37.00 price target for the company. in a research report on Monday, April 8th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of OGE Energy in a research report on Monday, December 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $39.40.

In other news, VP Jerry A. Peace sold 4,000 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $42.28, for a total value of $169,120.00. Following the completion of the sale, the vice president now owns 18,417 shares in the company, valued at $778,670.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kenneth R. Grant sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $42.20, for a total value of $63,300.00. Following the completion of the sale, the vice president now owns 10,768 shares of the company’s stock, valued at approximately $454,409.60. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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OGE Energy Company Profile

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

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

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