Vaughan David Investments Inc. IL lifted its holdings in OGE Energy Corporation (NYSE:OGE) by 2,335.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,950 shares of the utilities provider’s stock after purchasing an additional 232,016 shares during the period. OGE Energy Corporation accounts for about 1.3% of Vaughan David Investments Inc. IL’s investment portfolio, making the stock its 21st biggest holding. Vaughan David Investments Inc. IL owned approximately 0.12% of OGE Energy Corporation worth $26,961,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Ffcm LLC lifted its stake in shares of OGE Energy Corporation by 199.8% in the 2nd quarter. Ffcm LLC now owns 3,478 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 2,318 shares during the last quarter. Foster & Motley Inc. acquired a new stake in shares of OGE Energy Corporation in the 2nd quarter valued at $205,000. Essex Financial Services Inc. lifted its stake in shares of OGE Energy Corporation by 9.8% in the 2nd quarter. Essex Financial Services Inc. now owns 6,920 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 620 shares during the last quarter. Mercer Capital Advisers Inc. lifted its stake in shares of OGE Energy Corporation by 0.7% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 7,060 shares of the utilities provider’s stock valued at $246,000 after purchasing an additional 47 shares during the last quarter. Finally, Heritage Trust Co lifted its stake in shares of OGE Energy Corporation by 140.6% in the 2nd quarter. Heritage Trust Co now owns 7,207 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 4,211 shares during the last quarter. 62.37% of the stock is owned by institutional investors and hedge funds.

OGE Energy Corporation (OGE) traded down $0.16 during trading on Friday, reaching $35.28. 266,094 shares of the company’s stock were exchanged, compared to its average volume of 1,004,621. The firm has a market cap of $7,080.00, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 4.06 and a beta of 0.93. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.46 and a current ratio of 0.63. OGE Energy Corporation has a 52-week low of $30.55 and a 52-week high of $37.40.

OGE Energy Corporation (NYSE:OGE) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.01). The company had revenue of $716.80 million for the quarter, compared to analyst estimates of $728.18 million. OGE Energy Corporation had a net margin of 16.69% and a return on equity of 10.92%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. analysts forecast that OGE Energy Corporation will post 1.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Tuesday, October 10th were given a dividend of $0.333 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Friday, October 6th. OGE Energy Corporation’s dividend payout ratio is currently 69.63%.

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OGE has been the subject of several analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price objective on shares of OGE Energy Corporation in a research note on Friday, July 21st. The Goldman Sachs Group, Inc. initiated coverage on shares of OGE Energy Corporation in a research report on Thursday, July 20th. They set a “neutral” rating and a $35.00 target price for the company. BidaskClub raised shares of OGE Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Wells Fargo & Company lowered shares of OGE Energy Corporation from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a research report on Friday, October 6th. Finally, KeyCorp reissued a “hold” rating on shares of OGE Energy Corporation in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $36.67.

OGE Energy Corporation Profile

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 Corporation (NYSE:OGE)

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