Wells Fargo & Company MN increased its position in shares of OGE Energy Corp. (NYSE:OGE) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,900 shares of the utilities provider’s stock after acquiring an additional 6,541 shares during the period. Wells Fargo & Company MN owned approximately 0.13% of OGE Energy worth $8,752,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in OGE Energy by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,821,238 shares of the utilities provider’s stock worth $101,650,000 after purchasing an additional 12,373 shares in the last quarter. Citadel Advisors LLC increased its stake in OGE Energy by 150.9% in the 3rd quarter. Citadel Advisors LLC now owns 1,889,541 shares of the utilities provider’s stock worth $68,080,000 after purchasing an additional 1,136,560 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in OGE Energy by 5.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 719,855 shares of the utilities provider’s stock worth $23,691,000 after purchasing an additional 34,444 shares in the last quarter. JPMorgan Chase & Co. increased its stake in OGE Energy by 32.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 629,625 shares of the utilities provider’s stock worth $22,780,000 after purchasing an additional 154,856 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in OGE Energy by 1.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 619,540 shares of the utilities provider’s stock worth $22,322,000 after purchasing an additional 11,139 shares in the last quarter. 62.98% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, Director Peter D. Clarke purchased 1,850 shares of OGE Energy stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $32.40 per share, for a total transaction of $59,940.00. Following the acquisition, the director now directly owns 1,850 shares in the company, valued at $59,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is owned by insiders.

Shares of OGE Energy Corp. (NYSE OGE) opened at $31.81 on Friday. The stock has a market capitalization of $6,348.66, a PE ratio of 16.56, a PEG ratio of 2.67 and a beta of 0.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.35 and a current ratio of 0.52. OGE Energy Corp. has a 1-year low of $29.59 and a 1-year high of $37.32.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The business had revenue of $501.90 million during the quarter, compared to analyst estimates of $531.39 million. OGE Energy had a return on equity of 10.64% and a net margin of 27.38%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. sell-side analysts anticipate that OGE Energy Corp. will post 2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, April 10th will be issued a dividend of $0.3325 per share. The ex-dividend date is Monday, April 9th. This represents a $1.33 annualized dividend and a dividend yield of 4.18%. OGE Energy’s dividend payout ratio is 42.90%.

A number of equities research analysts have commented on the company. Guggenheim restated a “buy” rating and set a $35.00 price objective on shares of OGE Energy in a research report on Friday, February 23rd. Bank of America upgraded OGE Energy from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday, February 23rd. Zacks Investment Research upgraded OGE Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 19th. UBS assumed coverage on OGE Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $33.00 price objective for the company. Finally, Goldman Sachs upgraded OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. OGE Energy has an average rating of “Hold” and a consensus price target of $36.00.

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About OGE Energy

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

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

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