D. E. Shaw & Co. Inc. Has $269,000 Position in OGE Energy Corp. (NYSE:OGE)

D. E. Shaw & Co. Inc. cut its stake in OGE Energy Corp. (NYSE:OGE - Free Report) by 48.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,525 shares of the utilities provider's stock after selling 6,105 shares during the period. D. E. Shaw & Co. Inc.'s holdings in OGE Energy were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OGE. Headlands Technologies LLC acquired a new position in OGE Energy in the 4th quarter worth $27,000. Bessemer Group Inc. boosted its stake in 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 period. Stonebridge Financial Group LLC acquired a new position in OGE Energy in the 4th quarter worth $35,000. Principal Securities Inc. boosted its stake in OGE Energy by 204.7% in the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after purchasing an additional 659 shares during the period. Finally, BankPlus Trust Department acquired a new position in OGE Energy in the 4th quarter worth $44,000. 71.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on OGE shares. LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a research note on Friday, May 9th. Barclays lifted their target price on OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 22nd. Argus raised 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, Wells Fargo & Company increased their price target 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, OGE Energy currently has an average rating of "Moderate Buy" and an average price target of $46.40.

OGE Energy Stock Up 1.0%

NYSE OGE traded up $0.45 during trading hours on Thursday, hitting $44.14. 760,805 shares of the company traded hands, compared to its average volume of 1,124,175. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73. The business's 50-day moving average is $44.50 and its 200-day moving average is $43.49. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 3.30 and a beta of 0.61. OGE Energy Corp. has a twelve month low of $34.84 and a twelve month high of $46.91.

OGE Energy (NYSE:OGE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.09. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The business had revenue of $747.70 million during the quarter, compared to analysts' expectations of $695.59 million. During the same quarter last year, the company posted $0.09 earnings per share. OGE Energy's quarterly revenue was up 25.3% on a year-over-year basis. Sell-side analysts anticipate 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 issued a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's payout ratio is currently 69.42%.

Insider Buying and Selling

In other OGE Energy news, insider William H. Sultemeier sold 6,650 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total value of $302,841.00. Following the transaction, the insider now directly owns 72,548 shares of the company's stock, valued at $3,303,835.92. This represents a 8.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Donnie O. Jones sold 11,351 shares of the 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 completion of the transaction, the vice president now directly owns 43,932 shares in the company, valued at approximately $1,935,643.92. This represents a 20.53% 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.

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.