OGE Energy Corp. (OGE) Shares Sold by Natixis Advisors L.P.
Natixis Advisors L.P. trimmed its position in shares of OGE Energy Corp. (NYSE:OGE) by 35.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,287 shares of the utilities provider’s stock after selling 13,258 shares during the quarter. Natixis Advisors L.P.’s holdings in OGE Energy were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Amica Retiree Medical Trust bought a new stake in OGE Energy during the fourth quarter worth about $109,000. Assetmark Inc. grew its stake in OGE Energy by 120.2% during the fourth quarter. Assetmark Inc. now owns 3,568 shares of the utilities provider’s stock worth $117,000 after buying an additional 1,948 shares during the last quarter. HL Financial Services LLC bought a new stake in OGE Energy during the first quarter worth about $207,000. Greenwich Wealth Management LLC bought a new stake in OGE Energy during the first quarter worth about $211,000. Finally, Koch Industries Inc. bought a new stake in OGE Energy during the fourth quarter worth about $297,000. 63.32% of the stock is currently owned by hedge funds and other institutional investors.
OGE has been the topic of several research analyst reports. Zacks Investment Research cut shares of OGE Energy from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Bank of America raised shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Friday, February 23rd. ValuEngine cut shares of OGE Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Guggenheim reissued a “buy” rating and set a $35.00 price target on shares of OGE Energy in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. OGE Energy presently has an average rating of “Hold” and a consensus target price of $36.00.
OGE Energy (NYSE:OGE) last released its quarterly earnings results on Thursday, May 3rd. The utilities provider reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.10. OGE Energy had a net margin of 27.77% and a return on equity of 10.87%. The business had revenue of $492.70 million for the quarter, compared to analysts’ expectations of $470.69 million. During the same period in the prior year, the firm earned $0.18 earnings per share. OGE Energy’s revenue was up 8.0% compared to the same quarter last year. equities analysts anticipate that OGE Energy Corp. will post 2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 30th. Shareholders of record on Tuesday, July 10th will be paid a $0.3325 dividend. The ex-dividend date of this dividend is Monday, July 9th. This represents a $1.33 dividend on an annualized basis and a yield of 3.93%. OGE Energy’s payout ratio is presently 69.27%.
OGE Energy Company Profile
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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