Tudor Investment Corp ET AL Takes Position in OGE Energy Corporation $OGE

Tudor Investment Corp ET AL purchased a new position in OGE Energy Corporation (NYSE:OGE) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 19,165 shares of the utilities provider’s stock, valued at approximately $887,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Orion Porfolio Solutions LLC lifted its stake in OGE Energy by 3.3% during the third quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider’s stock valued at $323,000 after buying an additional 222 shares in the last quarter. Blair William & Co. IL raised its position in OGE Energy by 0.9% during the third quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock valued at $1,270,000 after buying an additional 234 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 255 shares in the last quarter. Private Wealth Asset Management LLC boosted its position in OGE Energy by 21.1% during the 3rd quarter. Private Wealth Asset Management LLC now owns 1,574 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 274 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in OGE Energy by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 47,404 shares of the utilities provider’s stock worth $2,104,000 after acquiring an additional 289 shares during the period. Institutional investors and hedge funds own 71.84% of the company’s stock.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, Director Lyle G. Ganske purchased 10,420 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were bought at an average price of $47.99 per share, for a total transaction of $500,055.80. Following the purchase, the director directly owned 10,420 shares in the company, valued at $500,055.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sarah R. Stafford sold 6,130 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $47.77, for a total transaction of $292,830.10. Following the transaction, the chief accounting officer owned 28,559 shares in the company, valued at $1,364,263.43. This represents a 17.67% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

OGE has been the topic of a number of research reports. Wall Street Zen upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 24th. Mizuho set a $49.00 price objective on shares of OGE Energy in a research report on Thursday, February 19th. Wells Fargo & Company upped their price objective on shares of OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Barclays cut their target price on shares of OGE Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.11.

OGE Energy Stock Performance

Shares of OGE stock opened at $47.84 on Tuesday. OGE Energy Corporation has a fifty-two week low of $40.80 and a fifty-two week high of $49.55. The stock’s 50-day moving average is $46.36 and its two-hundred day moving average is $45.08. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49. The firm has a market cap of $9.87 billion, a P/E ratio of 20.71, a PEG ratio of 3.40 and a beta of 0.61.

OGE Energy (NYSE:OGE) last announced its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. OGE Energy had a return on equity of 9.89% and a net margin of 14.44%.The business had revenue of $725.80 million during the quarter, compared to analysts’ expectations of $277.80 million. During the same quarter in the previous year, the business posted $0.50 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Analysts predict that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Monday, April 6th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, April 6th. OGE Energy’s payout ratio is currently 73.59%.

OGE Energy Profile

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.