Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 24,898 Shares of OGE Energy Corp. (NYSE:OGE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in OGE Energy Corp. (NYSE:OGE) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 401,073 shares of the utilities provider’s stock after acquiring an additional 24,898 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.20% of OGE Energy worth $13,757,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Concurrent Investment Advisors LLC boosted its holdings in OGE Energy by 3.8% in the first quarter. Concurrent Investment Advisors LLC now owns 11,278 shares of the utilities provider’s stock worth $387,000 after acquiring an additional 413 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of OGE Energy by 3.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,768 shares of the utilities provider’s stock worth $411,000 after purchasing an additional 435 shares during the period. EverSource Wealth Advisors LLC lifted its holdings 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 during the period. Tectonic Advisors LLC lifted its holdings in shares of OGE Energy by 5.6% during the fourth quarter. Tectonic Advisors LLC now owns 10,616 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 563 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of OGE Energy by 392.8% during the first quarter. Pinnacle Bancorp Inc. now owns 823 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 656 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Performance

OGE stock traded up $0.58 during trading on Wednesday, hitting $37.24. 813,869 shares of the company traded hands, compared to its average volume of 1,458,903. The stock’s 50-day simple moving average is $35.84 and its 200 day simple moving average is $34.48. 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 company has a market cap of $7.47 billion, a PE ratio of 18.94, a P/E/G ratio of 3.41 and a beta of 0.74. OGE Energy Corp. has a 1 year low of $31.25 and a 1 year high of $37.74.

OGE Energy (NYSE:OGE) last announced its quarterly 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). OGE Energy had a net margin of 14.63% and a return on equity of 8.89%. The company had revenue of $596.80 million for the quarter, compared to analysts’ expectations of $607.37 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts expect that OGE Energy Corp. will post 2.13 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Monday, July 8th will be given a dividend of $0.418 per share. This represents a $1.67 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Monday, July 8th. OGE Energy’s payout ratio is 84.77%.

Analysts Set New Price Targets

A number of research firms recently commented on OGE. StockNews.com raised OGE Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Barclays lifted their target price on OGE Energy from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 18th. Finally, Argus downgraded OGE Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.60.

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.