Deutsche Bank AG Purchases 352,807 Shares of OGE Energy Corp. (OGE)

Deutsche Bank AG raised its position in OGE Energy Corp. (NYSE:OGE) by 159.9% during the fourth quarter, HoldingsChannel reports. The firm owned 573,416 shares of the utilities provider’s stock after buying an additional 352,807 shares during the quarter. Deutsche Bank AG’s holdings in OGE Energy were worth $18,868,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Waverton Investment Management Ltd grew its stake in OGE Energy by 9.6% in the fourth quarter. Waverton Investment Management Ltd now owns 18,033 shares of the utilities provider’s stock valued at $593,000 after purchasing an additional 1,578 shares in the last quarter. Krilogy Financial LLC grew its stake in OGE Energy by 133.3% in the third quarter. Krilogy Financial LLC now owns 2,800 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 1,600 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in OGE Energy by 3.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 57,880 shares of the utilities provider’s stock valued at $1,905,000 after purchasing an additional 1,926 shares in the last quarter. Assetmark Inc. grew its stake in OGE Energy by 120.2% in the fourth quarter. Assetmark Inc. now owns 3,568 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 1,948 shares in the last quarter. Finally, Resources Investment Advisors Inc. grew its stake in OGE Energy by 75.1% in the fourth quarter. Resources Investment Advisors Inc. now owns 4,670 shares of the utilities provider’s stock valued at $154,000 after purchasing an additional 2,003 shares in the last quarter. Hedge funds and other institutional investors own 62.98% of the company’s stock.

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In related news, Director Peter D. Clarke purchased 1,850 shares of OGE Energy stock in a transaction on Monday, February 26th. The stock was bought at an average price of $32.40 per share, with a total value of $59,940.00. Following the completion of the transaction, the director now directly owns 1,850 shares of the company’s stock, valued at $59,940. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.48% of the stock is owned by insiders.

OGE has been the topic of a number of recent research reports. Edward Jones downgraded OGE Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Goldman Sachs upgraded OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Wednesday, January 10th. Bank of America upgraded OGE Energy from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, February 23rd. Zacks Investment Research downgraded OGE Energy from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Finally, UBS initiated coverage on OGE Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $33.00 target price on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $36.00.

Shares of OGE Energy stock opened at $31.43 on Friday. OGE Energy Corp. has a 12-month low of $29.59 and a 12-month high of $37.32. The firm has a market capitalization of $6,352.65, a PE ratio of 10.14, a price-to-earnings-growth ratio of 2.67 and a beta of 0.83. 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 announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. OGE Energy had a return on equity of 10.64% and a net margin of 27.38%. The company had revenue of $501.90 million during the quarter, compared to analysts’ expectations of $531.39 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. sell-side analysts expect that OGE Energy Corp. will post 2 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Tuesday, April 10th will be given a $0.3325 dividend. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 4.23%. OGE Energy’s dividend payout ratio is currently 42.90%.

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About OGE Energy

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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