OGE Energy Corp. (OGE) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its position in OGE Energy Corp. (NYSE:OGE) by 24.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,097 shares of the utilities provider’s stock after buying an additional 10,617 shares during the quarter. SG Americas Securities LLC’s holdings in OGE Energy were worth $1,773,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OGE. Millennium Management LLC lifted its holdings in shares of OGE Energy by 92.2% in the fourth quarter. Millennium Management LLC now owns 4,070,942 shares of the utilities provider’s stock valued at $133,975,000 after buying an additional 1,952,995 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of OGE Energy in the fourth quarter valued at $47,463,000. Renaissance Technologies LLC lifted its holdings in shares of OGE Energy by 140.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,189,800 shares of the utilities provider’s stock valued at $72,066,000 after buying an additional 1,279,200 shares during the period. Zimmer Partners LP lifted its holdings in shares of OGE Energy by 257.1% in the fourth quarter. Zimmer Partners LP now owns 625,000 shares of the utilities provider’s stock valued at $20,569,000 after buying an additional 450,000 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of OGE Energy by 159.9% in the fourth quarter. Deutsche Bank AG now owns 573,416 shares of the utilities provider’s stock valued at $18,868,000 after buying an additional 352,807 shares during the period. Institutional investors and hedge funds own 62.76% of the company’s stock.

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A number of brokerages have recently issued reports on OGE. Zacks Investment Research lowered OGE Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. Guggenheim reaffirmed a “buy” rating and set a $35.00 target price on shares of OGE Energy in a research report on Friday, February 23rd. ValuEngine lowered OGE Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Bank of America raised OGE Energy from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Friday, February 23rd. Finally, UBS began coverage on OGE Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $33.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. OGE Energy presently has a consensus rating of “Hold” and a consensus target price of $36.00.

In other OGE Energy news, Director Peter D. Clarke purchased 1,850 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $32.40 per share, with a total value of $59,940.00. Following the completion of the transaction, the director now owns 1,850 shares of the company’s stock, valued at $59,940. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.44% of the stock is currently owned by insiders.

Shares of OGE Energy opened at $33.35 on Friday, MarketBeat reports. The firm has a market cap of $6.65 billion, a PE ratio of 16.57, a P/E/G ratio of 2.80 and a beta of 0.67. The company has a current ratio of 0.41, a quick ratio of 0.24 and a debt-to-equity ratio of 0.65. OGE Energy Corp. has a 12-month low of $29.59 and a 12-month high of $37.32.

OGE Energy (NYSE:OGE) last announced its earnings results on Thursday, May 3rd. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. The company had revenue of $492.70 million for the quarter, compared to analyst estimates of $470.69 million. OGE Energy had a return on equity of 10.87% and a net margin of 27.77%. OGE Energy’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share. equities research analysts predict that OGE Energy Corp. will post 2 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 30th. Investors of record on Tuesday, July 10th will be given a dividend of $0.3325 per share. This represents a $1.33 annualized dividend and a yield of 3.99%. The ex-dividend date is Monday, July 9th. OGE Energy’s payout ratio is 69.27%.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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