Vident Investment Advisory LLC Has $1.09 Million Position in OGE Energy Corp. (OGE)

Vident Investment Advisory LLC increased its position in OGE Energy Corp. (NYSE:OGE) by 79.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,133 shares of the utilities provider’s stock after acquiring an additional 14,657 shares during the quarter. Vident Investment Advisory LLC’s holdings in OGE Energy were worth $1,090,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its holdings in OGE Energy by 3.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 685,411 shares of the utilities provider’s stock worth $24,696,000 after acquiring an additional 25,849 shares in the last quarter. Legal & General Group Plc grew its holdings in OGE Energy by 10.5% during the 3rd quarter. Legal & General Group Plc now owns 572,130 shares of the utilities provider’s stock valued at $20,613,000 after buying an additional 54,243 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in OGE Energy by 32.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 629,625 shares of the utilities provider’s stock valued at $22,780,000 after buying an additional 154,856 shares in the last quarter. Shell Asset Management Co. grew its holdings in OGE Energy by 45.0% during the 4th quarter. Shell Asset Management Co. now owns 81,681 shares of the utilities provider’s stock valued at $2,688,000 after buying an additional 25,359 shares in the last quarter. Finally, Icon Advisers Inc. Co. purchased a new stake in OGE Energy during the 3rd quarter valued at approximately $1,394,000. 62.98% of the stock is owned by institutional investors.

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In other OGE Energy news, Director Peter D. Clarke bought 1,850 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $32.40 per share, for a total transaction of $59,940.00. Following the completion of the transaction, the director now owns 1,850 shares in the company, valued at $59,940. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.48% of the stock is currently owned by company insiders.

OGE has been the subject of a number of research analyst reports. Goldman Sachs raised shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Wednesday, January 10th. UBS began coverage on shares of OGE Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $33.00 price objective for the company. Zacks Investment Research raised shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Monday, February 19th. Bank of America raised shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a report on Friday, February 23rd. Finally, Edward Jones lowered shares of OGE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. OGE Energy currently has an average rating of “Hold” and an average target price of $36.00.

Shares of OGE Energy stock opened at $31.79 on Thursday. The stock has a market capitalization of $6,346.66, a price-to-earnings ratio of 10.25, a P/E/G ratio of 2.67 and a beta of 0.83. OGE Energy Corp. has a 52-week low of $29.59 and a 52-week high of $37.32. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.52 and a quick ratio of 0.35.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $501.90 million during the quarter, compared to the consensus estimate of $531.39 million. OGE Energy had a return on equity of 10.64% and a net margin of 27.38%. OGE Energy’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. analysts anticipate that OGE Energy Corp. will post 2 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Tuesday, April 10th will be given a dividend of $0.3325 per share. The ex-dividend date is Monday, April 9th. This represents a $1.33 annualized dividend and a dividend yield of 4.18%. OGE Energy’s dividend payout ratio (DPR) is 42.90%.

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OGE Energy Company Profile

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

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Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

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