OGE Energy Corporation $OGE Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC raised its stake in OGE Energy Corporation (NYSE:OGE) by 19.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,983 shares of the utilities provider’s stock after buying an additional 28,361 shares during the period. Squarepoint Ops LLC owned approximately 0.09% of OGE Energy worth $7,810,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. State of Wyoming purchased a new position in OGE Energy in the 2nd quarter valued at approximately $34,000. Golden State Wealth Management LLC grew its holdings in OGE Energy by 427.0% in the second quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 632 shares during the last quarter. Brooklyn Investment Group increased its position in shares of OGE Energy by 725.5% in the first quarter. Brooklyn Investment Group now owns 908 shares of the utilities provider’s stock valued at $42,000 after buying an additional 798 shares in the last quarter. Tompkins Financial Corp raised its stake in shares of OGE Energy by 42.9% during the 2nd quarter. Tompkins Financial Corp now owns 1,000 shares of the utilities provider’s stock worth $44,000 after buying an additional 300 shares during the last quarter. Finally, MTM Investment Management LLC purchased a new stake in shares of OGE Energy in the 2nd quarter worth about $51,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Performance

Shares of OGE opened at $42.97 on Friday. OGE Energy Corporation has a 1 year low of $39.41 and a 1 year high of $47.33. The company’s 50 day simple moving average is $44.95 and its 200 day simple moving average is $44.74. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.71 and a beta of 0.61. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.52 and a current ratio of 0.80.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). OGE Energy had a return on equity of 10.77% and a net margin of 15.28%.The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts predict that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Monday, January 5th will be given a dividend of $0.425 per share. The ex-dividend date is Monday, January 5th. This represents a $1.70 annualized dividend and a yield of 4.0%. OGE Energy’s dividend payout ratio is 68.27%.

Analysts Set New Price Targets

Several equities analysts have weighed in on OGE shares. Royal Bank Of Canada upgraded shares of OGE Energy to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen raised shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 7th. Weiss Ratings restated a “buy (b)” rating on shares of OGE Energy in a research report on Wednesday, October 8th. Mizuho increased their target price on OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, UBS Group raised their price target on OGE Energy from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.75.

About OGE Energy

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.