Natixis Invests $1.68 Million in OGE Energy Corp. (NYSE:OGE)

Natixis purchased a new position in shares of OGE Energy Corp. (NYSE:OGE) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 48,900 shares of the utilities provider’s stock, valued at approximately $1,677,000.

Several other hedge funds also recently modified their holdings of OGE. EverSource Wealth Advisors LLC boosted its holdings in shares of OGE Energy by 178.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after buying an additional 488 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in shares of OGE Energy by 392.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock worth $28,000 after buying an additional 656 shares during the period. Voisard Asset Management Group Inc. bought a new stake in shares of OGE Energy during the 4th quarter worth $36,000. Advantage Trust Co bought a new stake in shares of OGE Energy during the 4th quarter worth $49,000. Finally, Headlands Technologies LLC boosted its holdings in shares of OGE Energy by 441.9% during the 4th quarter. Headlands Technologies LLC now owns 1,436 shares of the utilities provider’s stock worth $50,000 after buying an additional 1,171 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on OGE shares. StockNews.com upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Barclays raised their price target on shares of OGE Energy from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 18th. Finally, Argus lowered shares of OGE Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.60.

OGE Energy Price Performance

Shares of OGE Energy stock traded up $0.30 during trading on Thursday, hitting $38.05. 1,257,066 shares of the company’s stock traded hands, compared to its average volume of 1,446,271. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.51 and a quick ratio of 0.23. The firm’s fifty day moving average price is $35.94 and its 200 day moving average price is $34.57. OGE Energy Corp. has a twelve month low of $31.25 and a twelve month high of $38.52. The company has a market cap of $7.63 billion, a PE ratio of 19.44, a PEG ratio of 3.50 and a beta of 0.74.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.26). The business had revenue of $596.80 million for the quarter, compared to analyst estimates of $607.37 million. OGE Energy had a net margin of 14.63% and a return on equity of 8.89%. OGE Energy’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. Analysts forecast that OGE Energy Corp. will post 2.13 earnings per share for the current year.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Monday, July 8th will be given a $0.418 dividend. The ex-dividend date is Monday, July 8th. This represents a $1.67 dividend on an annualized basis and a yield of 4.39%. OGE Energy’s dividend payout ratio (DPR) is presently 84.77%.

OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.