Dimensional Fund Advisors LP Boosts Stock Holdings in OGE Energy Corporation $OGE

Dimensional Fund Advisors LP raised its position in shares of OGE Energy Corporation (NYSE:OGE) by 0.9% in the first quarter, Holdings Channel.com reports. The fund owned 2,688,307 shares of the utilities provider’s stock after acquiring an additional 24,529 shares during the quarter. Dimensional Fund Advisors LP’s holdings in OGE Energy were worth $128,931,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in OGE. Pictet Asset Management Holding SA raised its position in shares of OGE Energy by 915.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 328,260 shares of the utilities provider’s stock valued at $14,017,000 after buying an additional 295,932 shares during the last quarter. Oak Thistle LLC lifted its stake in shares of OGE Energy by 368.0% in the fourth quarter. Oak Thistle LLC now owns 54,337 shares of the utilities provider’s stock worth $2,320,000 after buying an additional 42,726 shares in the last quarter. Geode Capital Management LLC boosted its position in OGE Energy by 5.6% during the fourth quarter. Geode Capital Management LLC now owns 3,825,542 shares of the utilities provider’s stock worth $163,397,000 after acquiring an additional 204,510 shares during the last quarter. Norges Bank purchased a new stake in OGE Energy during the 4th quarter valued at about $119,028,000. Finally, Gaddis Premier Wealth Advisors LLC acquired a new stake in OGE Energy in the 4th quarter valued at about $1,430,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Trading Down 1.3%

OGE opened at $49.29 on Tuesday. The stock has a market capitalization of $10.17 billion, a PE ratio of 22.01, a P/E/G ratio of 3.70 and a beta of 0.53. OGE Energy Corporation has a one year low of $41.69 and a one year high of $50.32. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.40 and a current ratio of 0.66. The business’s 50 day moving average price is $48.22 and its 200 day moving average price is $47.17.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The company had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $616.02 million. During the same quarter last year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts expect that OGE Energy Corporation will post 2.42 EPS for the current year.

OGE Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, July 6th. OGE Energy’s dividend payout ratio (DPR) is presently 75.89%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. LADENBURG THALM/SH SH upped their price target on OGE Energy from $42.50 to $47.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wall Street Zen cut OGE Energy from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. BMO Capital Markets reduced their price objective on OGE Energy from $50.00 to $49.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, OGE Energy has an average rating of “Hold” and a consensus price target of $49.80.

Insider Activity

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

About OGE Energy

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.