Dimensional Fund Advisors LP Has $21.14 Million Position in OGE Energy Corporation (OGE)
Dimensional Fund Advisors LP increased its position in shares of OGE Energy Corporation (NYSE:OGE) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 604,360 shares of the utilities provider’s stock after buying an additional 8,176 shares during the period. Dimensional Fund Advisors LP’s holdings in OGE Energy Corporation were worth $21,142,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of OGE. Clinton Group Inc. bought a new stake in OGE Energy Corporation during the first quarter worth about $575,000. Quadrature Capital Ltd bought a new stake in OGE Energy Corporation during the fourth quarter worth about $270,000. KBC Group NV raised its stake in OGE Energy Corporation by 0.8% in the first quarter. KBC Group NV now owns 67,182 shares of the utilities provider’s stock worth $2,350,000 after buying an additional 547 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in OGE Energy Corporation during the first quarter worth about $11,606,000. Finally, Swiss National Bank raised its stake in OGE Energy Corporation by 28.1% in the first quarter. Swiss National Bank now owns 707,600 shares of the utilities provider’s stock worth $24,752,000 after buying an additional 155,100 shares in the last quarter. 61.79% of the stock is currently owned by institutional investors.
OGE Energy Corporation (OGE) traded down 0.42% on Thursday, hitting $35.88. The stock had a trading volume of 55,954 shares. The company’s 50 day moving average is $35.25 and its 200 day moving average is $35.10. OGE Energy Corporation has a 12-month low of $29.57 and a 12-month high of $37.40. The firm has a market cap of $7.17 billion, a PE ratio of 18.79 and a beta of 0.88.
OGE Energy Corporation (NYSE:OGE) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. OGE Energy Corporation had a return on equity of 11.06% and a net margin of 16.50%. The firm had revenue of $586.40 million for the quarter, compared to analysts’ expectations of $563 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. OGE Energy Corporation’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts expect that OGE Energy Corporation will post $1.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Monday, July 10th were paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 3.36%. The ex-dividend date was Thursday, July 6th. OGE Energy Corporation’s payout ratio is currently 63.35%.
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OGE has been the topic of a number of analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price target on shares of OGE Energy Corporation in a research report on Monday, May 15th. Zacks Investment Research lowered OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Evercore ISI initiated coverage on OGE Energy Corporation in a research report on Monday, July 24th. They issued an “outperform” rating and a $37.00 price target on the stock. Goldman Sachs Group, Inc. (The) initiated coverage on OGE Energy Corporation in a research report on Thursday, July 20th. They issued a “neutral” rating and a $35.00 price target on the stock. Finally, BidaskClub lowered OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $35.17.
In other OGE Energy Corporation news, insider H Scott Forbes sold 4,670 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $36.19, for a total transaction of $169,007.30. Following the sale, the insider now owns 18,311 shares in the company, valued at $662,675.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.48% of the company’s stock.
OGE Energy Corporation 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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