OGE Energy Corp. (NYSE:OGE) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 22.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,359 shares of the utilities provider's stock after purchasing an additional 33,166 shares during the period. Mackenzie Financial Corp owned approximately 0.09% of OGE Energy worth $7,522,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its holdings in shares of OGE Energy by 5.2% during the fourth 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 last quarter. Mather Group LLC. lifted its holdings in OGE Energy by 20.9% in the fourth quarter. Mather Group LLC. now owns 1,616 shares of the utilities provider's stock valued at $67,000 after acquiring an additional 279 shares during the period. CIBC Asset Management Inc lifted its holdings in OGE Energy by 5.1% in the fourth 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 period. Mercer Global Advisors Inc. ADV lifted its holdings in OGE Energy by 1.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,157 shares of the utilities provider's stock valued at $1,161,000 after acquiring an additional 354 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in 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. 71.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other OGE Energy news, VP Donnie O. Jones sold 11,351 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $44.06, for a total transaction of $500,125.06. Following the sale, the vice president now directly owns 43,932 shares in the company, valued at $1,935,643.92. This represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William H. Sultemeier sold 6,650 shares of the 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 owns 72,548 shares in the company, valued at approximately $3,303,835.92. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OGE. Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price target on the stock in a research note on Friday, April 11th. Wells Fargo & Company upped their price objective on OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research note on Friday, May 9th. Finally, Barclays raised their price target 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, OGE Energy has an average rating of "Moderate Buy" and a consensus target price of $46.40.

OGE Energy Stock Performance

NYSE:OGE traded up $0.25 during trading hours on Friday, hitting $44.43. 1,443,633 shares of the company were exchanged, compared to its average volume of 1,125,447. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 3.30 and a beta of 0.61. OGE Energy Corp. has a 52-week low of $34.84 and a 52-week high of $46.91. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The company's 50 day moving average price is $44.50 and its 200-day moving average price is $43.49.

OGE Energy (NYSE:OGE - Get Free Report) last released its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share for the quarter, topping 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%. OGE Energy's revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS. As a group, research analysts forecast that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be issued a dividend of $0.4213 per share. The ex-dividend date is Monday, July 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.79%. OGE Energy's dividend payout ratio (DPR) is presently 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.