OGE Energy Corporation $OGE Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its position in OGE Energy Corporation (NYSE:OGE) by 161.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,153 shares of the utilities provider’s stock after acquiring an additional 16,152 shares during the period. Fox Run Management L.L.C.’s holdings in OGE Energy were worth $1,117,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OGE. Norges Bank acquired a new position in shares of OGE Energy in the fourth quarter valued at approximately $119,028,000. Cbre Investment Management Listed Real Assets LLC raised its position in shares of OGE Energy by 85.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,215,572 shares of the utilities provider’s stock valued at $94,605,000 after buying an additional 1,022,863 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new position in shares of OGE Energy in the fourth quarter valued at approximately $33,929,000. Millennium Management LLC raised its position in shares of OGE Energy by 843.6% in the third quarter. Millennium Management LLC now owns 819,492 shares of the utilities provider’s stock valued at $37,918,000 after buying an additional 732,641 shares during the last quarter. Finally, Reaves W H & Co. Inc. raised its position in shares of OGE Energy by 45.6% in the fourth quarter. Reaves W H & Co. Inc. now owns 1,944,201 shares of the utilities provider’s stock valued at $83,017,000 after buying an additional 608,454 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Stock Performance

Shares of OGE stock opened at $47.36 on Wednesday. OGE Energy Corporation has a one year low of $41.69 and a one year high of $50.13. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.40 and a current ratio of 0.66. The company has a 50 day moving average price of $47.79 and a 200 day moving average price of $45.96. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 3.45 and a beta of 0.53.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. The firm had revenue of $752.60 million during the quarter, compared to analyst estimates of $616.02 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. OGE Energy’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts anticipate that OGE Energy Corporation will post 2.42 EPS for the current year.

OGE Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.70 annualized dividend and a yield of 3.6%. OGE Energy’s dividend payout ratio is 75.89%.

Insider Buying and Selling

In related news, insider William H. Sultemeier sold 7,345 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $47.97, for a total transaction of $352,339.65. Following the completion of the transaction, the insider owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OGE. JPMorgan Chase & Co. began coverage on shares of OGE Energy in a research report on Friday, March 20th. They issued an “overweight” rating and a $52.00 price objective for the company. LADENBURG THALM/SH SH boosted their price objective on shares of OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Barclays boosted their price objective on shares of OGE Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, April 20th. Wall Street Zen lowered shares of OGE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Wells Fargo & Company upped their price target on shares of OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, OGE Energy has an average rating of “Hold” and a consensus price target of $49.11.

About OGE Energy

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.