Metropolitan Life Insurance Co. NY lowered its stake in OGE Energy Corporation (NYSE:OGE) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 186,101 shares of the utilities provider’s stock after selling 479 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.09% of OGE Energy Corporation worth $6,510,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its stake in shares of OGE Energy Corporation by 3.3% in the fourth quarter. AQR Capital Management LLC now owns 296,133 shares of the utilities provider’s stock valued at $9,906,000 after buying an additional 9,424 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of OGE Energy Corporation by 2.0% in the fourth quarter. Guggenheim Capital LLC now owns 766,171 shares of the utilities provider’s stock valued at $25,628,000 after buying an additional 15,055 shares during the last quarter. Tudor Investment Corp Et Al acquired a new stake in shares of OGE Energy Corporation during the fourth quarter valued at approximately $588,000. Janus Capital Management LLC raised its stake in shares of OGE Energy Corporation by 168.9% in the fourth quarter. Janus Capital Management LLC now owns 427,800 shares of the utilities provider’s stock valued at $14,310,000 after buying an additional 268,700 shares during the last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in shares of OGE Energy Corporation during the fourth quarter valued at approximately $258,000. Institutional investors and hedge funds own 61.90% of the company’s stock.
Shares of OGE Energy Corporation (NYSE OGE) traded up 1.098% on Wednesday, reaching $34.515. The company had a trading volume of 227,362 shares. OGE Energy Corporation has a 52 week low of $29.57 and a 52 week high of $37.41. The stock’s 50 day moving average is $35.19 and its 200 day moving average is $34.78. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 19.836 and a beta of 0.88.
OGE Energy Corporation (NYSE:OGE) last issued its quarterly earnings data on Thursday, May 4th. The utilities provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. OGE Energy Corporation had a net margin of 15.29% and a return on equity of 10.22%. The firm had revenue of $456 million for the quarter. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that OGE Energy Corporation will post $1.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Monday, July 10th will be issued a dividend of $0.3025 per share. The ex-dividend date is Thursday, July 6th. This represents a $1.21 dividend on an annualized basis and a yield of 3.54%. OGE Energy Corporation’s dividend payout ratio (DPR) is presently 69.54%.
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A number of research firms have recently weighed in on OGE. BidaskClub lowered OGE Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research raised OGE Energy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $35.00 target price on shares of OGE Energy Corporation in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. OGE Energy Corporation has a consensus rating of “Hold” and a consensus target price of $34.25.
About OGE Energy Corporation
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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