OGE Energy Corporation $OGE Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. boosted its holdings in OGE Energy Corporation (NYSE:OGE) by 61.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,582 shares of the utilities provider’s stock after purchasing an additional 10,478 shares during the quarter. Vise Technologies Inc.’s holdings in OGE Energy were worth $1,253,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of OGE Energy in the 2nd quarter valued at approximately $1,277,554,000. Dockside LLC bought a new stake in shares of OGE Energy during the 2nd quarter worth approximately $1,102,000. Royal Bank of Canada lifted its holdings in shares of OGE Energy by 89.4% during the 1st quarter. Royal Bank of Canada now owns 157,249 shares of the utilities provider’s stock worth $7,540,000 after acquiring an additional 74,242 shares during the period. Jupiter Topco LLC acquired a new stake in shares of OGE Energy during the 2nd quarter worth approximately $4,354,000. Finally, Bank of America Corp DE boosted its position in shares of OGE Energy by 10.5% during the 1st quarter. Bank of America Corp DE now owns 967,835 shares of the utilities provider’s stock worth $46,417,000 after acquiring an additional 91,696 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Down 0.4%

OGE stock opened at $50.63 on Friday. The stock has a market capitalization of $10.47 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 3.18 and a beta of 0.48. The company has a current ratio of 0.81, a quick ratio of 0.52 and a debt-to-equity ratio of 1.06. OGE Energy Corporation has a 12 month low of $41.69 and a 12 month high of $51.60. The firm has a 50-day moving average price of $46.94 and a 200-day moving average price of $47.27.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.16. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.12 billion. OGE Energy had a net margin of 16.36% and a return on equity of 10.97%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $1.14 EPS. As a group, equities research analysts anticipate that OGE Energy Corporation will post 2.54 EPS for the current fiscal year.

OGE Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Monday, October 5th were given a $0.4288 dividend. This is an increase from OGE Energy’s previous quarterly dividend of $0.4250. This represents a $1.72 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, October 5th. OGE Energy’s dividend payout ratio (DPR) is 64.91%.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, SVP Donnie Jones sold 6,508 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $46.11, for a total transaction of $300,083.88. Following the sale, the senior vice president owned 40,555 shares of the company’s stock, valued at approximately $1,869,991.05. The trade was a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OGE. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Barclays upped their target price on OGE Energy from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, October 30th. JPMorgan Chase & Co. reduced their target price on OGE Energy from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, September 9th. BMO Capital Markets decreased their price target on OGE Energy from $50.00 to $49.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Finally, Argus reiterated a “buy” rating on shares of OGE Energy in a research note on Wednesday, September 16th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.00.

OGE Energy Profile

OGE Energy Corp. is an energy holding company based in Oklahoma City. Its principal business is Oklahoma Gas and Electric Company (OG&E), a regulated electric utility that generates, transmits, distributes and sells electricity to residential, commercial and industrial customers.

OG&E serves communities in Oklahoma and western Arkansas. Its operations include power plants and the electric infrastructure used to deliver electricity to customers across its service area.

The utility traces its origins to 1902, when it began providing electricity in what was then Oklahoma Territory.