2 weeks Ago By ABMN Staff
American Century Companies Inc. lifted its position in OGE Energy Corp. ( NYSE:OGE – Free Report ) by 4.
4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,034 shares of the utilities provider’s stock after acquiring an additional 2,705 shares during the quarter. American Century Companies Inc.
’s holdings in OGE Energy were worth $2,286,000 at the end of the most recent reporting period. Several other institutional investors have also recently made changes to their positions in OGE. Boston Partners grew its position in OGE Energy by 3.
8% during the first quarter. Boston Partners now owns 3,815,848 shares of the utilities provider’s stock valued at $130,878,000 after buying an additional 139,872 shares during the period. ProShare Advisors LLC grew its position in OGE Energy by 5.
8% during the first quarter. ProShare Advisors LLC now owns 924,246 shares of the utilities provider’s stock valued at $31,702,000 after buying an additional 50,390 shares during the period. Miller Howard Investments Inc.
NY grew its position in OGE Energy by 16.1% during the first quarter. Miller Howard Investments Inc.
NY now owns 892,712 shares of the utilities provider’s stock valued at $30,620,000 after buying an additional 123,659 shares during the period. Principal Financial Group Inc. grew its position in OGE Energy by 2.
6% during the first quarter. Principal Financial Group Inc. now owns 754,113 shares of the utilities provider’s stock valued at $25,866,000 after buying an additional 18,794 shares during the period.
Finally, Pinebridge Investments L.P. grew its position in OGE Energy by 2,580.
9% during the fourth quarter. Pinebridge Investments L.P.
now owns 525,294 shares of the utilities provider’s stock valued at $18,349,000 after buying an additional 505,700 shares during the period. Institutional investors own 71.84% of the company’s stock.
Wall Street Analysts Forecast Growth OGE has been the subject of a number of research reports. Barclays increased their target price on shares of OGE Energy from $36.00 to $39.
00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Evercore ISI increased their target price on shares of OGE Energy from $36.00 to $40.
00 and gave the stock an “in-line” rating in a research report on Thursday, August 8th. Finally, Jefferies Financial Group initiated coverage on shares of OGE Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $46.
00 target price for the company. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.
com, OGE Energy presently has an average rating of “Hold” and a consensus price target of $36.86. OGE Energy Trading Up 0.
6 % Shares of OGE opened at $40.84 on Friday. The firm’s 50 day simple moving average is $39.
54 and its 200 day simple moving average is $36.62. The company has a market capitalization of $8.
19 billion, a P/E ratio of 20.73, a P/E/G ratio of 3.65 and a beta of 0.
74. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.
71 and a quick ratio of 0.36. OGE Energy Corp.
has a 1-year low of $31.25 and a 1-year high of $41.48.
OGE Energy ( NYSE:OGE – Get Free Report ) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
46 by $0.05. The business had revenue of $662.
60 million for the quarter, compared to the consensus estimate of $837.51 million. OGE Energy had a net margin of 14.
83% and a return on equity of 9.15%. OGE Energy’s quarterly revenue was up 9.
5% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share.
Sell-side analysts forecast that OGE Energy Corp. will post 2.14 earnings per share for the current fiscal year.
OGE Energy Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, October 7th will be paid a dividend of $0.4213 per share.
The ex-dividend date of this dividend is Monday, October 7th. This is an increase from OGE Energy’s previous quarterly dividend of $0.42.
This represents a $1.69 annualized dividend and a dividend yield of 4.13%.
OGE Energy’s dividend payout ratio (DPR) is 85.28%. About OGE Energy ( Free Report ) OGE Energy Corp.
, together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.
Featured Articles Receive News & Ratings for OGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy and related companies with MarketBeat.com's FREE daily email newsletter ..
