OGE Energy Corporation $OGE Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of OGE Energy Corporation (NYSE:OGE) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,825,542 shares of the utilities provider’s stock after acquiring an additional 204,510 shares during the quarter. Geode Capital Management LLC’s holdings in OGE Energy were worth $163,397,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in OGE Energy by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 21,500,675 shares of the utilities provider’s stock worth $918,079,000 after acquiring an additional 304,080 shares in the last quarter. Boston Partners raised its stake in OGE Energy by 0.5% during the 3rd quarter. Boston Partners now owns 6,279,360 shares of the utilities provider’s stock worth $290,530,000 after acquiring an additional 31,138 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in OGE Energy by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,613,959 shares of the utilities provider’s stock worth $120,944,000 after acquiring an additional 35,162 shares in the last quarter. Northern Trust Corp raised its stake in OGE Energy by 2.7% during the 3rd quarter. Northern Trust Corp now owns 2,521,165 shares of the utilities provider’s stock worth $116,654,000 after acquiring an additional 67,224 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in OGE Energy by 3.6% during the 3rd quarter. First Trust Advisors LP now owns 2,444,990 shares of the utilities provider’s stock worth $113,130,000 after acquiring an additional 85,091 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider William H. Sultemeier sold 7,345 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were 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 through this link. 0.57% of the stock is currently owned by company insiders.

OGE Energy Trading Down 0.3%

NYSE OGE opened at $46.46 on Thursday. 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 firm has a market cap of $9.59 billion, a PE ratio of 20.74, a P/E/G ratio of 3.45 and a beta of 0.53. OGE Energy Corporation has a one year low of $41.69 and a one year high of $50.13. The firm’s fifty day moving average is $47.81 and its two-hundred day moving average is $45.88.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $752.60 million for the quarter, compared to analyst estimates of $616.02 million. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. OGE Energy’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. Analysts expect that OGE Energy Corporation will post 2.42 earnings per share for the current year.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, July 6th. OGE Energy’s payout ratio is 75.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Mizuho set a $49.00 price target on shares of OGE Energy in a research note on Thursday, February 19th. JPMorgan Chase & Co. started coverage on shares of OGE Energy in a research note on Friday, March 20th. They issued an “overweight” rating and a $52.00 price objective on the stock. Weiss Ratings upgraded shares of OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wells Fargo & Company lifted their price objective on shares of OGE Energy from $47.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Finally, Barclays lifted their price objective on shares of OGE Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.