Reaves W H & Co. Inc. Has $83.02 Million Holdings in OGE Energy Corporation $OGE

Reaves W H & Co. Inc. grew its stake in OGE Energy Corporation (NYSE:OGE) by 45.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,944,201 shares of the utilities provider’s stock after buying an additional 608,454 shares during the quarter. OGE Energy makes up approximately 1.5% of Reaves W H & Co. Inc.’s portfolio, making the stock its 24th largest holding. Reaves W H & Co. Inc.’s holdings in OGE Energy were worth $83,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in OGE. Millennium Management LLC lifted its position in shares of OGE Energy by 1,160.8% in the first quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock worth $4,365,000 after buying an additional 87,433 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of OGE Energy by 54.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock worth $47,966,000 after buying an additional 367,960 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of OGE Energy by 4.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider’s stock worth $25,768,000 after buying an additional 23,051 shares during the last quarter. Focus Partners Wealth lifted its position in shares of OGE Energy by 7.5% in the first quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock worth $420,000 after buying an additional 637 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of OGE Energy by 3.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 8,612 shares of the utilities provider’s stock worth $382,000 after purchasing an additional 321 shares during the last quarter. Institutional investors and hedge funds 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 business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.97, for a total transaction of $352,339.65. Following the transaction, the insider directly owned 74,497 shares in the company, valued at $3,573,621.09. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.57% of the stock is owned by corporate insiders.

OGE Energy Price Performance

NYSE OGE opened at $47.17 on Monday. OGE Energy Corporation has a twelve month low of $41.69 and a twelve month 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 stock has a market capitalization of $9.73 billion, a PE ratio of 21.06, a P/E/G ratio of 3.50 and a beta of 0.53. The stock has a 50-day simple moving average of $47.84 and a 200 day simple moving average of $45.86.

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

OGE Energy Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings raised OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Mizuho set a $49.00 price objective on OGE Energy in a research report on Thursday, February 19th. JPMorgan Chase & Co. assumed coverage on OGE Energy in a research report on Friday, March 20th. They set an “overweight” rating and a $52.00 price objective for the company. Wall Street Zen cut OGE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Barclays boosted their price objective on OGE Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $49.11.

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.