Deutsche Bank AG Has $3.22 Million Holdings in OGE Energy Corp. (NYSE:OGE)

Deutsche Bank AG lifted its position in OGE Energy Corp. (NYSE:OGE - Free Report) by 417.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in OGE Energy in the 4th quarter valued at approximately $27,000. Bessemer Group Inc. boosted its position in shares of OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 361 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of OGE Energy in the fourth quarter valued at approximately $35,000. Principal Securities Inc. grew its stake in shares of OGE Energy by 204.7% in the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after acquiring an additional 659 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of OGE Energy in the fourth quarter worth $44,000. 71.84% of the stock is owned by institutional investors.

OGE Energy Price Performance

NYSE:OGE traded up $0.48 during trading hours on Monday, reaching $44.27. The company had a trading volume of 673,720 shares, compared to its average volume of 1,128,334. 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 50-day moving average of $44.56 and a two-hundred day moving average of $43.48. OGE Energy Corp. has a one year low of $34.20 and a one year high of $46.91. The firm has a market capitalization of $8.91 billion, a PE ratio of 20.12, a PEG ratio of 3.30 and a beta of 0.61.

OGE Energy (NYSE:OGE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. The company 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 for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. Analysts forecast that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

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

Insider Activity 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 transaction of $302,841.00. Following the completion of the sale, 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 legal filing with the SEC, which is available through this link. Insiders own 0.55% of the company's stock.

Analyst Ratings Changes

OGE has been the subject of a number of research reports. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research report on Friday, May 9th. 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 report on Friday, April 11th. Barclays boosted their price target on shares of OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company increased 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.40.

About OGE Energy

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.