Y Intercept Hong Kong Ltd Purchases Shares of 14,133 OGE Energy Corp. (NYSE:OGE)

Y Intercept Hong Kong Ltd acquired a new position in shares of OGE Energy Corp. (NYSE:OGE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,133 shares of the utilities provider’s stock, valued at approximately $580,000.

A number of other large investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of OGE Energy by 23.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 278 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in OGE Energy by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 290 shares during the period. Centennial Wealth Advisory LLC boosted its stake in OGE Energy by 3.8% during the third quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock worth $333,000 after buying an additional 300 shares in the last quarter. Fifth Third Bancorp increased its holdings in OGE Energy by 3.2% in the 2nd quarter. Fifth Third Bancorp now owns 9,856 shares of the utilities provider’s stock valued at $352,000 after buying an additional 303 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of OGE Energy by 12.8% in the 2nd quarter. Blue Trust Inc. now owns 2,742 shares of the utilities provider’s stock valued at $94,000 after buying an additional 312 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Price Performance

NYSE:OGE opened at $42.05 on Friday. The firm has a market cap of $8.45 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 3.80 and a beta of 0.77. The company’s 50-day moving average price is $41.81 and its two-hundred day moving average price is $39.37. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.41.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). The business had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. OGE Energy had a net margin of 13.89% and a return on equity of 8.59%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. On average, equities analysts anticipate that OGE Energy Corp. will post 2.14 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a dividend of $0.4213 per share. The ex-dividend date is Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 4.01%. OGE Energy’s dividend payout ratio (DPR) is 87.05%.

Insiders Place Their Bets

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction of $214,542.72. Following the transaction, the vice president now owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This represents a 19.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.

Wall Street Analysts Forecast Growth

OGE has been the topic of several recent research reports. Barclays lifted their target price on shares of OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Jefferies Financial Group initiated coverage on OGE Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, OGE Energy presently has an average rating of “Hold” and a consensus price target of $40.50.

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.