Nomura Holdings Inc. Takes $1.10 Million Position in OGE Energy Corp. (NYSE:OGE)

Nomura Holdings Inc. acquired a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,664 shares of the utilities provider's stock, valued at approximately $1,100,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Headlands Technologies LLC purchased a new position in OGE Energy during the fourth quarter valued at approximately $27,000. Bessemer Group Inc. grew its stake in shares of OGE Energy by 102.0% during 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 period. Stonebridge Financial Group LLC acquired a new stake in shares of OGE Energy during the 4th quarter worth approximately $35,000. Principal Securities Inc. increased its holdings in shares of OGE Energy by 204.7% during 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 in the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of OGE Energy in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 71.84% of the company's stock.

Insider Buying and Selling

In other OGE Energy 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 transaction, the insider now owns 72,548 shares of the company's stock, valued at approximately $3,303,835.92. The trade was 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. 0.55% of the stock is currently owned by company insiders.

OGE Energy Price Performance

OGE Energy stock traded down $0.41 during midday trading on Thursday, reaching $43.80. The company had a trading volume of 734,946 shares, compared to its average volume of 1,129,976. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. OGE Energy Corp. has a 12-month low of $34.20 and a 12-month high of $46.91. The company has a market capitalization of $8.82 billion, a P/E ratio of 19.91, a P/E/G ratio of 3.30 and a beta of 0.61. The firm's fifty day simple moving average is $44.61 and its 200-day simple moving average is $43.40.

OGE Energy (NYSE:OGE - Get Free Report) last announced its earnings results 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 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 business's revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. As a group, equities analysts anticipate that OGE Energy Corp. will post 2.27 EPS for the current year.

OGE Energy Dividend Announcement

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 3.85%. OGE Energy's payout ratio is presently 69.42%.

Analysts Set New Price Targets

A number of research analysts have weighed in on OGE shares. Argus raised shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a report on Friday, April 11th. Wells Fargo & Company lifted their price target 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. Barclays increased their price target on OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Finally, LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.40.

OGE Energy 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.