Epoch Investment Partners Inc. Raises Position in OGE Energy Corporation $OGE

Epoch Investment Partners Inc. grew its stake in OGE Energy Corporation (NYSE:OGE) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,887 shares of the utilities provider’s stock after purchasing an additional 13,312 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.13% of OGE Energy worth $13,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of OGE. Renaissance Technologies LLC grew its holdings in OGE Energy by 47.2% during the first quarter. Renaissance Technologies LLC now owns 337,300 shares of the utilities provider’s stock worth $16,177,000 after buying an additional 108,100 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in OGE Energy by 1.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 66,180 shares of the utilities provider’s stock valued at $3,174,000 after acquiring an additional 1,048 shares in the last quarter. Compound Planning Inc. purchased a new position in OGE Energy during the 1st quarter worth $204,000. Arrowstreet Capital Limited Partnership boosted its holdings in OGE Energy by 3,476.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 215,428 shares of the utilities provider’s stock worth $10,332,000 after acquiring an additional 209,405 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of OGE Energy by 29.6% in the 1st quarter. Sei Investments Co. now owns 329,211 shares of the utilities provider’s stock worth $15,789,000 after acquiring an additional 75,190 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company’s stock.

Insider Transactions at OGE Energy

In related news, insider William H. Sultemeier sold 7,345 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 74,497 shares in the company, valued at approximately $3,573,621.09. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of OGE Energy from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. BMO Capital Markets cut their price target on shares of OGE Energy from $50.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday. Barclays upped their price objective on shares of OGE Energy from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded shares of OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Morgan Stanley set a $51.00 target price on shares of OGE Energy in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.80.

OGE Energy Stock Up 0.6%

Shares of NYSE:OGE opened at $49.92 on Friday. The company has a market capitalization of $10.30 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 3.70 and a beta of 0.53. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.66 and a quick ratio of 0.40. The business has a fifty day moving average price of $48.18 and a two-hundred day moving average price of $47.09. OGE Energy Corporation has a 1 year low of $41.69 and a 1 year high of $50.32.

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

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, July 6th. OGE Energy’s dividend payout ratio (DPR) is 75.89%.

OGE Energy Profile

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.