OGE Energy Corp. (OGE) Holdings Lifted by Signaturefd LLC
Signaturefd LLC raised its stake in shares of OGE Energy Corp. (NYSE:OGE) by 39.2% during the first quarter, HoldingsChannel reports. The firm owned 1,210 shares of the utilities provider’s stock after purchasing an additional 341 shares during the quarter. Signaturefd LLC’s holdings in OGE Energy were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. CNB Bank purchased a new stake in shares of OGE Energy in the 1st quarter valued at $26,000. Berman Capital Advisors LLC boosted its holdings in shares of OGE Energy by 108.1% in the 1st quarter. Berman Capital Advisors LLC now owns 616 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 320 shares during the last quarter. Cornerstone Advisors Inc. boosted its holdings in shares of OGE Energy by 154.1% in the 1st quarter. Cornerstone Advisors Inc. now owns 620 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 376 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in shares of OGE Energy in the 4th quarter valued at $28,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of OGE Energy in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 68.33% of the company’s stock.
Several research firms have recently commented on OGE. Goldman Sachs Group downgraded shares of OGE Energy from a “neutral” rating to a “sell” rating and set a $37.00 price objective on the stock. in a report on Monday, April 8th. Wolfe Research assumed coverage on shares of OGE Energy in a report on Friday, March 15th. They set a “market perform” rating on the stock. Finally, Zacks Investment Research raised 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $39.20.
OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). OGE Energy had a return on equity of 10.51% and a net margin of 18.42%. The firm had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $490.14 million. During the same period last year, the company posted $0.27 earnings per share. The business’s quarterly revenue was down .5% on a year-over-year basis. On average, research analysts anticipate that OGE Energy Corp. will post 2.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 30th. Investors of record on Wednesday, July 10th will be issued a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, July 9th. OGE Energy’s dividend payout ratio (DPR) is presently 68.87%.
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About OGE Energy
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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