DC Investments Management LLC Has $2.57 Million Holdings in OGE Energy Corp. (NYSE:OGE)

DC Investments Management LLC grew its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 40.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 62,313 shares of the utilities provider's stock after acquiring an additional 18,083 shares during the quarter. OGE Energy comprises approximately 1.7% of DC Investments Management LLC's holdings, making the stock its 15th largest position. DC Investments Management LLC's holdings in OGE Energy were worth $2,570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of OGE Energy by 5.2% during the 4th quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider's stock valued at $199,000 after purchasing an additional 239 shares during the period. Mather Group LLC. raised its position in OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock worth $67,000 after acquiring an additional 279 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in OGE Energy by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock valued at $249,000 after acquiring an additional 295 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of OGE Energy by 1.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,157 shares of the utilities provider's stock valued at $1,161,000 after purchasing an additional 354 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of OGE Energy by 102.0% in the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after purchasing an additional 361 shares during the last quarter. Institutional investors own 71.84% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OGE shares. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a report on Tuesday, April 22nd. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Wells Fargo & Company upped their target price on OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price target for the company in a research report on Friday, April 11th. Finally, Barclays boosted their price objective on OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Three investment 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $46.40.

Insider Transactions at OGE Energy

In related news, insider William H. Sultemeier sold 6,650 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 72,548 shares in the company, valued at approximately $3,303,835.92. This represents a 8.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.55% of the company's stock.

OGE Energy Stock Up 0.0 %

NYSE OGE traded up $0.01 during trading on Friday, reaching $44.35. 1,207,093 shares of the company's stock were exchanged, compared to its average volume of 1,128,076. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a fifty-two week low of $34.20 and a fifty-two week high of $46.91. The company's fifty day simple moving average is $44.67 and its 200-day simple moving average is $43.22. The firm has a market capitalization of $8.93 billion, a PE ratio of 20.16, a P/E/G ratio of 3.30 and a beta of 0.61.

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

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 7th were given a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Monday, April 7th. OGE Energy's payout ratio is currently 69.42%.

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.