Thompson Siegel & Walmsley LLC Has $54.61 Million Stake in OGE Energy Corporation $OGE

Thompson Siegel & Walmsley LLC increased its stake in shares of OGE Energy Corporation (NYSE:OGE) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,278,994 shares of the utilities provider’s stock after purchasing an additional 67,271 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in OGE Energy were worth $54,613,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OGE. ProShare Advisors LLC grew its holdings in shares of OGE Energy by 6.1% during the 3rd quarter. ProShare Advisors LLC now owns 779,470 shares of the utilities provider’s stock valued at $36,066,000 after acquiring an additional 44,503 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of OGE Energy by 302.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 58,392 shares of the utilities provider’s stock worth $2,702,000 after acquiring an additional 43,895 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of OGE Energy by 25.1% during the third quarter. JPMorgan Chase & Co. now owns 1,092,661 shares of the utilities provider’s stock worth $50,557,000 after acquiring an additional 219,413 shares in the last quarter. Reaves W H & Co. Inc. boosted its position in OGE Energy by 7.5% during the third quarter. Reaves W H & Co. Inc. now owns 1,335,747 shares of the utilities provider’s stock valued at $61,805,000 after purchasing an additional 93,462 shares during the last quarter. Finally, Fisher Asset Management LLC purchased a new position in OGE Energy in the third quarter valued at about $1,701,000. 71.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider William H. Sultemeier sold 7,345 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $47.97, for a total transaction of $352,339.65. Following the completion of the sale, the insider owned 74,497 shares in the company, valued at $3,573,621.09. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is currently owned by insiders.

OGE Energy Price Performance

NYSE OGE opened at $47.17 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.09. The company has a fifty day simple moving average of $47.84 and a 200 day simple moving average of $45.86. The company has a market cap of $9.73 billion, a P/E ratio of 21.06, a P/E/G ratio of 3.50 and a beta of 0.53. OGE Energy Corporation has a 1 year low of $41.69 and a 1 year high of $50.13.

OGE Energy (NYSE:OGE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $752.60 million for the quarter, compared to the consensus estimate of $616.02 million. OGE Energy had a net margin of 14.03% and a return on equity of 9.47%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. On average, sell-side analysts predict that OGE Energy Corporation will post 2.42 EPS for the current year.

OGE Energy Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently weighed in on OGE. Barclays raised their price target on OGE Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, April 20th. Wall Street Zen downgraded OGE Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. LADENBURG THALM/SH SH lifted their target price on shares of OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. started coverage on shares of OGE Energy in a research note on Friday, March 20th. They set an “overweight” rating and a $52.00 price target on the stock. Finally, Mizuho set a $49.00 price target on shares of OGE Energy in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $49.11.

OGE Energy Company 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.