Adage Capital Partners GP L.L.C. Has $21.66 Million Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Adage Capital Partners GP L.L.C. trimmed its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 38.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 525,000 shares of the utilities provider's stock after selling 325,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.26% of OGE Energy worth $21,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of OGE. T. Rowe Price Investment Management Inc. lifted its position in OGE Energy by 15.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider's stock worth $254,701,000 after acquiring an additional 844,679 shares during the last quarter. Pinebridge Investments L.P. bought a new position in shares of OGE Energy in the fourth quarter worth about $8,413,000. Susquehanna International Group LLP lifted its position in shares of OGE Energy by 52.4% during the 4th quarter. Susquehanna International Group LLP now owns 51,662 shares of the utilities provider's stock worth $2,131,000 after purchasing an additional 17,765 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of OGE Energy by 26.2% during the 4th quarter. Hsbc Holdings PLC now owns 8,812 shares of the utilities provider's stock worth $363,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in OGE Energy by 5.3% during the 4th quarter. Stifel Financial Corp now owns 268,413 shares of the utilities provider's stock valued at $11,072,000 after purchasing an additional 13,447 shares during the period. 71.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OGE has been the subject of a number of research analyst reports. Barclays upped their price target on OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research note on Tuesday, April 22nd. Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Finally, Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective on the stock in a report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.25.

OGE Energy Stock Performance

OGE stock traded down $0.28 during midday trading on Wednesday, hitting $45.43. The stock had a trading volume of 2,221,852 shares, compared to its average volume of 1,151,974. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 3.30 and a beta of 0.57. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. The stock has a 50-day simple moving average of $44.75 and a 200 day simple moving average of $42.98. OGE Energy Corp. has a 52 week low of $34.18 and a 52 week high of $46.93.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The company had revenue of $747.70 million for the quarter, compared to the consensus estimate of $695.59 million. During the same period in the previous year, the business earned $0.09 earnings per share. The company's quarterly revenue was up 25.3% on a year-over-year basis. As a group, equities research analysts anticipate that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 7th were paid a $0.4213 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.71%. OGE Energy's dividend payout ratio is presently 76.36%.

OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.