75,000 Shares in OGE Energy Corporation $OGE Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in OGE Energy Corporation (NYSE:OGE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 75,000 shares of the utilities provider’s stock, valued at approximately $3,406,000.

A number of other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of OGE Energy in the second quarter valued at about $1,277,554,000. State Street Corp raised its stake in OGE Energy by 2.8% in the 2nd quarter. State Street Corp now owns 7,226,476 shares of the utilities provider’s stock worth $351,640,000 after purchasing an additional 198,593 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in OGE Energy by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,688,307 shares of the utilities provider’s stock worth $128,931,000 after purchasing an additional 24,529 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in OGE Energy in the 2nd quarter valued at about $102,382,000. Finally, Energy Income Partners LLC bought a new stake in OGE Energy in the 2nd quarter valued at about $99,016,000. Institutional investors own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

OGE has been the topic of several recent research reports. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Barclays increased their price target on OGE Energy from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, October 30th. Wells Fargo & Company raised their price objective on OGE Energy from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. Morgan Stanley raised their price objective on OGE Energy from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $54.00 price objective on shares of OGE Energy in a report on Wednesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $50.00.

Insider Transactions at OGE Energy

In other OGE Energy news, SVP Donnie Jones sold 6,508 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 40,555 shares in the company, valued at $1,869,991.05. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by company insiders.

OGE Energy Trading Up 0.3%

Shares of OGE Energy stock opened at $51.21 on Friday. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 3.16 and a beta of 0.48. The company has a quick ratio of 0.52, a current ratio of 0.81 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 $51.62. The firm’s 50-day moving average price is $47.34 and its two-hundred day moving average price is $47.42.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, October 27th. The utilities provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.36 by $0.16. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.12 billion. OGE Energy had a net margin of 16.36% and a return on equity of 10.97%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. On average, analysts forecast that OGE Energy Corporation will post 2.57 earnings per share for the current fiscal year.

OGE Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Monday, October 5th were paid a $0.4288 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.3%. This is a positive change from OGE Energy’s previous quarterly dividend of $0.4250. The ex-dividend date of this dividend was Monday, October 5th. OGE Energy’s payout ratio is 64.91%.

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.