OGE Energy Corp. (OGE) Stake Increased by Jane Street Group LLC

Jane Street Group LLC grew its holdings in OGE Energy Corp. (NYSE:OGE) by 235.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,122 shares of the utilities provider’s stock after buying an additional 13,422 shares during the quarter. Jane Street Group LLC’s holdings in OGE Energy were worth $629,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of OGE. Millennium Management LLC lifted its holdings in shares of OGE Energy by 92.2% in the 4th quarter. Millennium Management LLC now owns 4,070,942 shares of the utilities provider’s stock valued at $133,975,000 after buying an additional 1,952,995 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of OGE Energy in the 4th quarter valued at approximately $47,463,000. Renaissance Technologies LLC lifted its holdings in shares of OGE Energy by 140.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,189,800 shares of the utilities provider’s stock valued at $72,066,000 after buying an additional 1,279,200 shares during the period. Zimmer Partners LP lifted its holdings in shares of OGE Energy by 257.1% in the 4th quarter. Zimmer Partners LP now owns 625,000 shares of the utilities provider’s stock valued at $20,569,000 after buying an additional 450,000 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of OGE Energy by 159.9% in the 4th quarter. Deutsche Bank AG now owns 573,416 shares of the utilities provider’s stock valued at $18,868,000 after buying an additional 352,807 shares during the period. 62.99% of the stock is owned by institutional investors and hedge funds.

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Shares of OGE stock opened at $32.85 on Friday. The firm has a market cap of $6,498.44, a P/E ratio of 17.11, a PEG ratio of 2.74 and a beta of 0.67. OGE Energy Corp. has a 1 year low of $29.59 and a 1 year high of $37.32. The company has a quick ratio of 0.35, a current ratio of 0.52 and a debt-to-equity ratio of 0.71.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. The firm had revenue of $501.90 million during the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.29 earnings per share. research analysts predict that OGE Energy Corp. will post 2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Tuesday, April 10th will be issued a dividend of $0.3325 per share. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.33 annualized dividend and a yield of 4.05%. OGE Energy’s dividend payout ratio is presently 69.27%.

Several research firms have recently commented on OGE. Zacks Investment Research raised OGE Energy from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday. Guggenheim reissued a “buy” rating and issued a $35.00 price target on shares of OGE Energy in a report on Friday, February 23rd. UBS assumed coverage on OGE Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $33.00 price objective for the company. Bank of America raised OGE Energy from an “underperform” rating to a “neutral” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Finally, Goldman Sachs raised 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. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. OGE Energy presently has an average rating of “Buy” and a consensus target price of $36.00.

In other news, Director Peter D. Clarke acquired 1,850 shares of OGE Energy stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $32.40 per share, with a total value of $59,940.00. Following the completion of the acquisition, the director now owns 1,850 shares in the company, valued at approximately $59,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.

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About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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

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