Donald L. Hagan LLC grew its stake in shares of OGE Energy Corp. (NYSE:OGE – Get Rating) by 9.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,344 shares of the utilities provider's stock after acquiring an additional 3,321 shares during the quarter. OGE Energy comprises about 0.9% of Donald L. Hagan LLC's investment portfolio, making the stock its 20th biggest holding. Donald L. Hagan LLC's holdings in OGE Energy were worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in OGE. State Street Corp boosted its holdings in shares of OGE Energy by 24.1% during the 1st quarter. State Street Corp now owns 7,013,271 shares of the utilities provider's stock valued at $286,001,000 after acquiring an additional 1,360,363 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of OGE Energy by 80.6% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,582,326 shares of the utilities provider's stock valued at $64,527,000 after acquiring an additional 706,326 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of OGE Energy by 2.6% during the 4th quarter. BlackRock Inc. now owns 25,739,361 shares of the utilities provider's stock valued at $987,876,000 after acquiring an additional 647,876 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of OGE Energy by 5,280.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 430,220 shares of the utilities provider's stock valued at $16,511,000 after acquiring an additional 422,224 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of OGE Energy by 37.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,408,611 shares of the utilities provider's stock valued at $57,443,000 after acquiring an additional 382,339 shares during the last quarter. Hedge funds and other institutional investors own 67.99% of the company's stock.
Get OGE Energy alerts:Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Mizuho raised their price target on shares of OGE Energy from $39.00 to $42.00 and gave the company a "neutral" rating in a report on Friday, September 9th. TheStreet raised shares of OGE Energy from a "c+" rating to a "b" rating in a report on Monday, August 22nd. Finally, Barclays dropped their price objective on shares of OGE Energy from $44.00 to $41.00 and set an "equal weight" rating on the stock in a report on Monday, July 18th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, OGE Energy currently has an average rating of "Hold" and a consensus target price of $41.25.
OGE Energy Stock Performance
Shares of OGE traded down $1.46 on Thursday, reaching $37.37. The company's stock had a trading volume of 34,691 shares, compared to its average volume of 978,055. OGE Energy Corp. has a 12-month low of $32.49 and a 12-month high of $42.91. The stock has a market capitalization of $7.48 billion, a P/E ratio of 8.44, a PEG ratio of 5.11 and a beta of 0.67. The stock's 50 day simple moving average is $40.89 and its two-hundred day simple moving average is $40.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.80 and a quick ratio of 0.70.OGE Energy (NYSE:OGE – Get Rating) last released its earnings results on Thursday, August 4th. The utilities provider reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.07). OGE Energy had a return on equity of 16.09% and a net margin of 32.56%. The firm had revenue of $791.00 million for the quarter, compared to the consensus estimate of $607.65 million. During the same quarter in the previous year, the business posted $0.56 EPS. OGE Energy's revenue was up 37.0% on a year-over-year basis. Research analysts forecast that OGE Energy Corp. will post 2.15 earnings per share for the current fiscal year.
OGE Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Tuesday, October 11th will be paid a dividend of $0.414 per share. This is a boost from OGE Energy's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, October 7th. This represents a $1.66 dividend on an annualized basis and a yield of 4.43%. OGE Energy's dividend payout ratio (DPR) is presently 35.65%.
OGE Energy Company Profile
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OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy.
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