Texas Permanent School Fund increased its holdings in OGE Energy Corp. (NYSE:OGE) by 3.8% in the 1st quarter, HoldingsChannel reports. The firm owned 135,615 shares of the utilities provider’s stock after buying an additional 4,913 shares during the quarter. Texas Permanent School Fund’s holdings in OGE Energy were worth $5,848,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of OGE Energy in the third quarter worth approximately $250,000. Neuberger Berman Group LLC boosted its stake in shares of OGE Energy by 44.1% in the third quarter. Neuberger Berman Group LLC now owns 28,198 shares of the utilities provider’s stock worth $1,025,000 after acquiring an additional 8,624 shares during the last quarter. Standard Life Aberdeen plc boosted its stake in shares of OGE Energy by 11.9% in the third quarter. Standard Life Aberdeen plc now owns 36,525 shares of the utilities provider’s stock worth $1,327,000 after acquiring an additional 3,876 shares during the last quarter. Federated Investors Inc. PA boosted its stake in shares of OGE Energy by 54.0% in the third quarter. Federated Investors Inc. PA now owns 124,902 shares of the utilities provider’s stock worth $4,536,000 after acquiring an additional 43,789 shares during the last quarter. Finally, Vanguard Group Inc boosted its stake in shares of OGE Energy by 0.8% in the third quarter. Vanguard Group Inc now owns 18,631,504 shares of the utilities provider’s stock worth $676,696,000 after acquiring an additional 146,931 shares during the last quarter. 69.55% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on OGE shares. Zacks Investment Research raised OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Monday, February 18th. Wolfe Research started coverage on OGE Energy in a research note on Friday, March 15th. They issued a “market perform” rating on the stock. Finally, Goldman Sachs Group lowered OGE Energy from a “neutral” rating to a “sell” rating and set a $37.00 price target on the stock. in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $39.20.
OGE Energy (NYSE:OGE) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). The company had revenue of $490.00 million for the quarter, compared to analyst estimates of $490.14 million. OGE Energy had a return on equity of 10.51% and a net margin of 18.42%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. Equities analysts anticipate that OGE Energy Corp. will post 2.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Tuesday, April 9th. OGE Energy’s dividend payout ratio (DPR) is currently 68.87%.
In other OGE Energy news, VP Jerry A. Peace sold 4,000 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $42.28, for a total transaction of $169,120.00. Following the transaction, the vice president now owns 18,417 shares of the company’s stock, valued at $778,670.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kenneth R. Grant sold 1,500 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $42.20, for a total value of $63,300.00. Following the transaction, the vice president now directly owns 10,768 shares in the company, valued at approximately $454,409.60. The disclosure for this sale can be found here. Insiders have sold 5,575 shares of company stock worth $235,566 in the last three months. 0.49% of the stock is currently owned by corporate insiders.
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OGE Energy Profile
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.
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