Barclays PLC increased its position in shares of OGE Energy Corp. (NYSE:OGE) by 10.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,083,500 shares of the utilities provider’s stock after buying an additional 101,647 shares during the quarter. Barclays PLC’s holdings in OGE Energy were worth $42,464,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in OGE Energy by 5.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 132,038 shares of the utilities provider’s stock valued at $4,772,000 after purchasing an additional 6,822 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in OGE Energy by 71.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 449,311 shares of the utilities provider’s stock valued at $16,322,000 after purchasing an additional 187,516 shares during the last quarter. US Bancorp DE boosted its stake in OGE Energy by 14.7% during the 3rd quarter. US Bancorp DE now owns 31,871 shares of the utilities provider’s stock valued at $1,157,000 after purchasing an additional 4,086 shares during the last quarter. Wells Fargo & Company MN boosted its stake in OGE Energy by 2.5% during the 3rd quarter. Wells Fargo & Company MN now owns 287,884 shares of the utilities provider’s stock valued at $10,456,000 after purchasing an additional 6,939 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in shares of OGE Energy by 86.3% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 35,959 shares of the utilities provider’s stock worth $1,306,000 after buying an additional 16,657 shares during the last quarter. 68.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE OGE opened at $43.11 on Friday. OGE Energy Corp. has a twelve month low of $31.38 and a twelve month high of $43.16. The company has a market capitalization of $8.55 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 4.18 and a beta of 0.56. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.72.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 10th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.39%. OGE Energy’s dividend payout ratio (DPR) is presently 68.87%.

A number of equities analysts have recently weighed in on OGE shares. Barclays set a $37.00 target price on OGE Energy and gave the stock a “sell” rating in a research note on Saturday, November 17th. Zacks Investment Research upgraded OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Monday, February 18th. Bank of America downgraded OGE Energy from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a research note on Tuesday, November 27th. They noted that the move was a valuation call. Guggenheim downgraded OGE Energy from a “buy” rating to a “neutral” rating in a research note on Monday, January 7th. They noted that the move was a valuation call. Finally, Wolfe Research started coverage on OGE Energy in a research note on Friday. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $40.00.

In related news, VP Jerry A. Peace sold 4,000 shares of OGE Energy stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $42.28, for a total value of $169,120.00. Following the sale, the vice president now 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 Securities & Exchange Commission, which is available at the SEC website. Also, VP Kenneth R. Grant sold 1,500 shares of OGE Energy stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $42.20, for a total transaction of $63,300.00. Following the completion of the sale, the vice president now directly owns 10,768 shares in the company, valued at approximately $454,409.60. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

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

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