OGE Energy Corp. (NYSE:OGE) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 31.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,054 shares of the utilities provider's stock after purchasing an additional 11,605 shares during the quarter. Quantinno Capital Management LP's holdings in OGE Energy were worth $1,982,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers boosted its position in shares of OGE Energy by 10.8% during the 4th quarter. Cetera Investment Advisers now owns 62,831 shares of the utilities provider's stock valued at $2,592,000 after acquiring an additional 6,135 shares during the last quarter. Merit Financial Group LLC increased its stake in OGE Energy by 14.2% during the fourth quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider's stock worth $268,000 after purchasing an additional 810 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in OGE Energy during the fourth quarter worth about $252,000. Jones Financial Companies Lllp increased its stake in OGE Energy by 38.2% during the fourth quarter. Jones Financial Companies Lllp now owns 24,085 shares of the utilities provider's stock worth $993,000 after purchasing an additional 6,657 shares during the period. Finally, Barclays PLC increased its stake in OGE Energy by 45.1% during the third quarter. Barclays PLC now owns 126,230 shares of the utilities provider's stock worth $5,176,000 after purchasing an additional 39,263 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on OGE shares. Wells Fargo & Company boosted their price target on shares of OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Barclays upped their target price on shares of OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a research note on Friday, April 11th. Finally, LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.40.

Insider Buying and Selling at OGE Energy

In other news, insider William H. Sultemeier sold 6,650 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 72,548 shares of the company's stock, valued at approximately $3,303,835.92. This represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by insiders.

OGE Energy Stock Up 0.7%

Shares of OGE stock traded up $0.30 during trading hours on Tuesday, reaching $44.54. 844,510 shares of the stock were exchanged, compared to its average volume of 1,127,199. The firm has a market capitalization of $8.97 billion, a P/E ratio of 20.25, a P/E/G ratio of 3.30 and a beta of 0.61. OGE Energy Corp. has a 12-month low of $34.20 and a 12-month 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 business's fifty day moving average is $44.54 and its two-hundred day moving average is $43.49.

OGE Energy (NYSE:OGE - Get Free Report) last announced its quarterly 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 analyst estimates 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 was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 earnings per share. As a group, research analysts expect that OGE Energy Corp. will post 2.27 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be paid a $0.4213 dividend. The ex-dividend date is Monday, July 7th. This represents a $1.69 annualized dividend and a yield of 3.78%. OGE Energy's dividend payout ratio is currently 69.42%.

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.