AlphaQuest LLC Has $4.11 Million Stake in OGE Energy Corporation $OGE

AlphaQuest LLC increased its position in OGE Energy Corporation (NYSE:OGE) by 204.3% in the fourth quarter, HoldingsChannel reports. The firm owned 96,216 shares of the utilities provider’s stock after acquiring an additional 64,598 shares during the period. AlphaQuest LLC’s holdings in OGE Energy were worth $4,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OGE. Vanguard Group Inc. lifted its position in OGE Energy by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 21,500,675 shares of the utilities provider’s stock worth $918,079,000 after buying an additional 304,080 shares in the last quarter. Boston Partners lifted its position in OGE Energy by 0.5% in the 3rd quarter. Boston Partners now owns 6,279,360 shares of the utilities provider’s stock worth $290,530,000 after buying an additional 31,138 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in OGE Energy by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,613,959 shares of the utilities provider’s stock worth $120,944,000 after buying an additional 35,162 shares in the last quarter. Northern Trust Corp lifted its position in OGE Energy by 2.7% in the 3rd quarter. Northern Trust Corp now owns 2,521,165 shares of the utilities provider’s stock worth $116,654,000 after buying an additional 67,224 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in OGE Energy by 3.6% in the 3rd quarter. First Trust Advisors LP now owns 2,444,990 shares of the utilities provider’s stock worth $113,130,000 after buying an additional 85,091 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

Insider Transactions at OGE Energy

In related news, insider William H. Sultemeier sold 7,345 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $47.97, for a total value of $352,339.65. Following the transaction, the insider directly owned 74,497 shares in the company, valued at approximately $3,573,621.09. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.57% of the company’s stock.

OGE Energy Stock Up 0.0%

OGE Energy stock opened at $48.56 on Tuesday. The company has a market capitalization of $10.02 billion, a P/E ratio of 21.68, a P/E/G ratio of 3.60 and a beta of 0.55. The firm’s fifty day simple moving average is $47.87 and its 200-day simple moving average is $45.76. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.09. OGE Energy Corporation has a 1-year low of $41.69 and a 1-year high of $50.13.

OGE Energy (NYSE:OGE) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The business 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%. OGE Energy’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. Sell-side analysts forecast that OGE Energy Corporation will post 2.42 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be paid a $0.425 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.70 dividend on an annualized basis and a yield of 3.5%. OGE Energy’s dividend payout ratio (DPR) is presently 75.89%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OGE. Weiss Ratings upgraded shares of OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of OGE Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Mizuho set a $49.00 target price on shares of OGE Energy in a research report on Thursday, February 19th. LADENBURG THALM/SH SH increased their target price on shares of OGE Energy from $42.50 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company raised their price target on shares of OGE Energy from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.