SG Americas Securities LLC Acquires 14,953 Shares of OGE Energy Corporation $OGE

SG Americas Securities LLC lifted its holdings in OGE Energy Corporation (NYSE:OGE) by 25.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 73,155 shares of the utilities provider’s stock after purchasing an additional 14,953 shares during the quarter. SG Americas Securities LLC’s holdings in OGE Energy were worth $3,385,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC increased its position in shares of OGE Energy by 1,160.8% during the first quarter. Millennium Management LLC now owns 94,965 shares of the utilities provider’s stock worth $4,365,000 after acquiring an additional 87,433 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in OGE Energy by 54.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock valued at $47,966,000 after acquiring an additional 367,960 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in OGE Energy by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 560,664 shares of the utilities provider’s stock valued at $25,768,000 after acquiring an additional 23,051 shares in the last quarter. Focus Partners Wealth boosted its stake in OGE Energy by 7.5% in the 1st quarter. Focus Partners Wealth now owns 9,145 shares of the utilities provider’s stock worth $420,000 after purchasing an additional 637 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in OGE Energy by 14.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,006 shares of the utilities provider’s stock worth $414,000 after purchasing an additional 1,116 shares in the last quarter. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on OGE. Wall Street Zen lowered OGE Energy from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Barclays lifted their target price on OGE Energy from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada upgraded OGE Energy to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OGE Energy in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group lifted their price objective on shares of OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $48.38.

OGE Energy Stock Performance

Shares of NYSE OGE opened at $42.47 on Tuesday. 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 has a 50 day moving average price of $43.67 and a 200 day moving average price of $44.55. The stock has a market capitalization of $8.56 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 2.54 and a beta of 0.63. OGE Energy Corporation has a 52 week low of $39.41 and a 52 week high of $47.33.

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

OGE Energy Announces Dividend

The company also recently declared 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. The ex-dividend date is Monday, January 5th. This represents a $1.70 dividend on an annualized basis and a yield of 4.0%. OGE Energy’s dividend payout ratio (DPR) is currently 68.27%.

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.