OGE Energy Corporation $OGE Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. lifted its position in shares of OGE Energy Corporation (NYSE:OGE) by 61.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,582 shares of the utilities provider’s stock after purchasing an additional 10,478 shares during the period. Vise Technologies Inc.’s holdings in OGE Energy were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in OGE. BlackRock Inc. acquired a new position in shares of OGE Energy in the second quarter valued at approximately $1,277,554,000. State Street Corp raised its holdings in OGE Energy by 2.8% in the 2nd quarter. State Street Corp now owns 7,226,476 shares of the utilities provider’s stock valued at $351,640,000 after buying an additional 198,593 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in OGE Energy by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,688,307 shares of the utilities provider’s stock worth $128,931,000 after buying an additional 24,529 shares during the period. Bank of New York Mellon Corp acquired a new stake in OGE Energy during the 2nd quarter worth approximately $102,382,000. Finally, Energy Income Partners LLC acquired a new stake in OGE Energy during the 2nd quarter worth approximately $99,016,000. 71.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Donnie Jones sold 6,508 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $46.11, for a total value of $300,083.88. Following the transaction, the senior vice president owned 40,555 shares in the company, valued at approximately $1,869,991.05. The trade was a 13.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

OGE has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of OGE Energy in a report on Thursday, October 29th. BMO Capital Markets dropped their price target on shares of OGE Energy from $50.00 to $49.00 and set a “market perform” rating for the company in a research note on Wednesday, July 22nd. Scotiabank reiterated an “outperform” rating and set a $54.00 price target on shares of OGE Energy in a report on Wednesday, October 28th. Barclays increased their price objective on OGE Energy from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, October 30th. Finally, Wells Fargo & Company increased their price objective on OGE Energy from $49.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, October 29th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, OGE Energy presently has an average rating of “Hold” and an average price target of $50.00.

OGE Energy Price Performance

Shares of OGE opened at $50.63 on Friday. OGE Energy Corporation has a 1 year low of $41.69 and a 1 year high of $51.60. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.52. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 3.18 and a beta of 0.48. The business has a 50-day moving average of $46.94 and a 200-day moving average of $47.27.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.16. OGE Energy had a return on equity of 10.97% and a net margin of 16.36%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts anticipate that OGE Energy Corporation will post 2.54 earnings per share for the current year.

OGE Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Monday, October 5th were issued a dividend of $0.4288 per share. This represents a $1.72 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, October 5th. This is a positive change from OGE Energy’s previous quarterly dividend of $0.4250. OGE Energy’s dividend payout ratio (DPR) is 64.91%.

About OGE Energy

OGE Energy Corp. is an energy holding company based in Oklahoma City. Its principal business is Oklahoma Gas and Electric Company (OG&E), a regulated electric utility that generates, transmits, distributes and sells electricity to residential, commercial and industrial customers.

OG&E serves communities in Oklahoma and western Arkansas. Its operations include power plants and the electric infrastructure used to deliver electricity to customers across its service area.

The utility traces its origins to 1902, when it began providing electricity in what was then Oklahoma Territory.