Gotham Asset Management LLC Invests $514,000 in OGE Energy Corp. (OGE) Stock

Gotham Asset Management LLC bought a new position in shares of OGE Energy Corp. (NYSE:OGE) in the fourth quarter, HoldingsChannel reports. The firm bought 13,115 shares of the utilities provider’s stock, valued at approximately $514,000.

A number of other institutional investors also recently bought and sold shares of the business. Rare Infrastructure Ltd lifted its holdings in OGE Energy by 9.1% during the fourth quarter. Rare Infrastructure Ltd now owns 3,022 shares of the utilities provider’s stock worth $119,000 after buying an additional 251 shares during the period. Westside Investment Management Inc. lifted its holdings in OGE Energy by 14.4% during the fourth quarter. Westside Investment Management Inc. now owns 2,960 shares of the utilities provider’s stock worth $116,000 after buying an additional 373 shares during the period. State of Alaska Department of Revenue lifted its holdings in OGE Energy by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 21,185 shares of the utilities provider’s stock worth $830,000 after buying an additional 411 shares during the period. Reilly Financial Advisors LLC lifted its holdings in OGE Energy by 1.3% during the fourth quarter. Reilly Financial Advisors LLC now owns 35,800 shares of the utilities provider’s stock worth $1,403,000 after buying an additional 450 shares during the period. Finally, Proficio Capital Partners LLC lifted its holdings in OGE Energy by 79.9% during the fourth quarter. Proficio Capital Partners LLC now owns 1,110 shares of the utilities provider’s stock worth $44,000 after buying an additional 493 shares during the period. Institutional investors own 69.31% of the company’s stock.

Shares of OGE stock opened at $42.93 on Tuesday. The firm has a market cap of $8.61 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 4.20 and a beta of 0.56. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.43 and a current ratio of 0.64. OGE Energy Corp. has a 12-month low of $31.49 and a 12-month high of $43.76.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Thursday, February 21st. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $511.80 million for the quarter, compared to the consensus estimate of $490.80 million. OGE Energy had a return on equity of 10.80% and a net margin of 18.74%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, analysts predict that OGE Energy Corp. will post 2.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, April 9th. OGE Energy’s payout ratio is presently 68.87%.

In related news, VP Jerry A. Peace sold 4,000 shares of the company’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $42.28, for a total value of $169,120.00. Following the transaction, the vice president now directly owns 18,417 shares of the company’s stock, valued at approximately $778,670.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kenneth R. Grant sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $42.20, for a total value of $63,300.00. Following the completion of the transaction, the vice president now directly owns 10,768 shares in the company, valued at $454,409.60. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

A number of brokerages have recently issued reports on OGE. Wolfe Research began coverage on OGE Energy in a research report on Friday, March 15th. They set a “market perform” rating on the stock. Zacks Investment Research raised OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Monday, February 18th. Finally, Guggenheim downgraded OGE Energy from a “buy” rating to a “neutral” rating in a research report on Monday, January 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.

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OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It 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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