AQR Capital Management LLC Has $19.38 Million Stake in OGE Energy Corp. (NYSE:OGE)

AQR Capital Management LLC raised its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 37.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 469,793 shares of the utilities provider's stock after purchasing an additional 126,923 shares during the period. AQR Capital Management LLC owned 0.23% of OGE Energy worth $19,379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of OGE Energy in the fourth quarter valued at $68,876,000. Cohen & Steers Inc. bought a new stake in shares of OGE Energy during the fourth quarter valued at approximately $43,618,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of OGE Energy by 15.8% in 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 buying an additional 844,679 shares in the last quarter. Northern Trust Corp boosted its position in OGE Energy by 29.3% in the fourth quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock valued at $146,933,000 after buying an additional 807,690 shares in the last quarter. Finally, Epoch Investment Partners Inc. bought a new stake in shares of OGE Energy during the fourth quarter worth $13,308,000. 71.84% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider William H. Sultemeier sold 6,650 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total value of $302,841.00. Following the transaction, the insider now owns 72,548 shares in the company, valued at approximately $3,303,835.92. This trade represents a 8.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.55% of the company's stock.

OGE Energy Trading Down 0.0 %

OGE traded down $0.02 during trading on Wednesday, reaching $45.25. The company had a trading volume of 960,144 shares, compared to its average volume of 1,128,180. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The stock has a market cap of $9.11 billion, a P/E ratio of 20.57, a PEG ratio of 3.30 and a beta of 0.61. OGE Energy Corp. has a 52 week low of $34.20 and a 52 week high of $46.91. The business has a 50 day simple moving average of $44.72 and a 200-day simple moving average of $43.15.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The business had revenue of $747.70 million for the quarter, compared to analyst estimates of $695.59 million. During the same quarter in the prior year, the business posted $0.09 EPS. OGE Energy's revenue for the quarter was up 25.3% compared to the same quarter last year. On average, equities analysts anticipate that OGE Energy Corp. will post 2.27 EPS for the current fiscal year.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 7th were issued a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Monday, April 7th. OGE Energy's dividend payout ratio (DPR) is presently 69.42%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OGE. Argus raised OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a research note on Friday, April 11th. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, January 21st. Barclays raised their price target on shares of OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company raised their price objective on shares of OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, OGE Energy presently has an average rating of "Moderate Buy" and a consensus price target of $46.40.

OGE Energy Company 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.