Deutsche Bank AG Purchases 62,913 Shares of OGE Energy Corp. (NYSE:OGE)

Deutsche Bank AG raised its holdings in OGE Energy Corp. (NYSE:OGE - Free Report) by 417.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,990 shares of the utilities provider's stock after buying an additional 62,913 shares during the quarter. Deutsche Bank AG's holdings in OGE Energy were worth $3,217,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of OGE Energy in the 4th quarter worth approximately $27,000. Bessemer Group Inc. lifted 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 valued at $30,000 after purchasing an additional 361 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of OGE Energy in the 4th quarter valued at approximately $35,000. Principal Securities Inc. lifted its stake in shares of OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 659 shares during the period. Finally, BankPlus Trust Department purchased a new position in shares of OGE Energy in the 4th quarter valued at approximately $44,000. 71.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at OGE Energy

In other news, insider William H. Sultemeier sold 6,650 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total value of $302,841.00. Following the completion of the transaction, the insider now owns 72,548 shares in the company, valued at $3,303,835.92. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by company insiders.

OGE Energy Stock Up 1.1%

NYSE:OGE traded up $0.48 during trading hours on Friday, reaching $44.27. 673,720 shares of the company traded hands, compared to its average volume of 1,129,099. The business's 50-day moving average price is $44.58 and its two-hundred day moving average price is $43.45. The stock has a market capitalization of $8.91 billion, a P/E ratio of 20.12, a P/E/G ratio of 3.30 and a beta of 0.61. OGE Energy Corp. has a 1 year low of $34.20 and a 1 year high of $46.91. 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 (NYSE:OGE - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $747.70 million during the quarter, compared to analysts' expectations of $695.59 million. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The firm's quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share. Analysts predict that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be paid a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Monday, July 7th. OGE Energy's payout ratio is 69.42%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research note on Friday, May 9th. Barclays raised their target price on OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Argus upgraded 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. Finally, Wells Fargo & Company raised their target price on 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.