OGE Energy Corporation $OGE Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of OGE Energy Corporation (NYSE:OGE) by 19.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,400 shares of the utilities provider’s stock after acquiring an additional 12,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in OGE Energy were worth $3,674,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Capital A Wealth Management LLC increased its holdings in shares of OGE Energy by 5,157.1% during the 2nd quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 722 shares in the last quarter. State of Wyoming acquired a new stake in OGE Energy during the second quarter valued at $34,000. Golden State Wealth Management LLC increased 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 buying an additional 632 shares in the last quarter. Tompkins Financial Corp raised its position in shares of OGE Energy by 42.9% in the second quarter. Tompkins Financial Corp now owns 1,000 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 300 shares during the period. Finally, MTM Investment Management LLC acquired a new position in shares of OGE Energy in the second quarter worth about $51,000. Hedge funds and other institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Down 0.8%

Shares of OGE stock opened at $42.68 on Friday. OGE Energy Corporation has a fifty-two week low of $39.41 and a fifty-two week high of $47.33. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.52 and a current ratio of 0.80. The stock’s fifty day moving average is $44.02 and its two-hundred day moving average is $44.62. The firm has a market capitalization of $8.60 billion, a P/E ratio of 17.14, a PEG ratio of 2.69 and a beta of 0.63.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. OGE Energy had a net margin of 15.28% and a return on equity of 10.77%. OGE Energy’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. Research analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on OGE shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OGE Energy in a report on Wednesday, October 8th. Jefferies Financial Group increased their target price on OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada raised shares of OGE Energy to a “hold” rating in a report on Tuesday, October 28th. UBS Group reduced their price objective on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Barclays lifted their target price on shares of OGE Energy from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.38.

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.