OGE Energy Corp. (NYSE:OGE) Shares Purchased by Duality Advisers LP

Duality Advisers LP grew its stake in OGE Energy Corp. (NYSE:OGE) by 53.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 119,914 shares of the utilities provider’s stock after buying an additional 41,584 shares during the quarter. Duality Advisers LP’s holdings in OGE Energy were worth $4,113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of OGE Energy by 3.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,768 shares of the utilities provider’s stock worth $411,000 after acquiring an additional 435 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of OGE Energy by 178.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 762 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 488 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of OGE Energy by 5.6% in the 4th quarter. Tectonic Advisors LLC now owns 10,616 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 563 shares during the period. Pinnacle Bancorp Inc. lifted its stake in OGE Energy by 392.8% in the first quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock valued at $28,000 after buying an additional 656 shares during the last quarter. Finally, Rockland Trust Co. grew its position in shares of OGE Energy by 2.3% during the first quarter. Rockland Trust Co. now owns 31,610 shares of the utilities provider’s stock worth $1,084,000 after acquiring an additional 697 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OGE shares. Argus downgraded OGE Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. StockNews.com upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, Barclays increased their price target on shares of OGE Energy from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, June 18th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $33.60.

OGE Energy Price Performance

OGE Energy stock traded up $0.29 during mid-day trading on Friday, hitting $36.90. 477,177 shares of the company were exchanged, compared to its average volume of 1,462,230. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.51 and a quick ratio of 0.23. OGE Energy Corp. has a 12-month low of $31.25 and a 12-month high of $37.30. The business’s 50 day simple moving average is $35.78 and its two-hundred day simple moving average is $34.46. The company has a market capitalization of $7.40 billion, a P/E ratio of 18.58, a PEG ratio of 3.36 and a beta of 0.74.

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

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Monday, July 8th will be paid a dividend of $0.418 per share. This represents a $1.67 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, July 8th. OGE Energy’s payout ratio is 84.77%.

About OGE Energy

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.