Squarepoint Ops LLC Decreases Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Squarepoint Ops LLC reduced its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 66.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,905 shares of the utilities provider's stock after selling 137,109 shares during the quarter. Squarepoint Ops LLC's holdings in OGE Energy were worth $2,801,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of OGE Energy in the fourth quarter valued at $27,000. Bessemer Group Inc. raised 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 valued at $30,000 after acquiring an additional 361 shares during the period. Stonebridge Financial Group LLC bought a new stake in OGE Energy in the 4th quarter valued at about $35,000. Principal Securities Inc. lifted its holdings in OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 659 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of OGE Energy in the fourth quarter worth about $44,000. 71.84% of the stock is currently owned by institutional investors.

Insider Transactions at OGE Energy

In related news, 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 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. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Donnie O. Jones sold 11,351 shares of OGE Energy stock in a transaction on Wednesday, May 28th. The stock was 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 owns 43,932 shares in the company, valued at approximately $1,935,643.92. The trade was a 20.53% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

OGE has been the topic of a number of recent research reports. Barclays upped their price target on shares of OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company raised their price target on OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research report on Friday, May 9th. Finally, Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.40.

OGE Energy Price Performance

NYSE:OGE traded up $0.25 during trading hours on Friday, hitting $44.43. 1,443,633 shares of the company's stock traded hands, compared to its average volume of 1,124,779. OGE Energy Corp. has a 52 week low of $34.84 and a 52 week high of $46.91. The business's fifty day simple moving average is $44.50 and its two-hundred day simple moving average is $43.52. 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 firm has a market cap of $8.95 billion, a P/E ratio of 20.20, a P/E/G ratio of 3.30 and a beta of 0.61.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. The firm had revenue of $747.70 million during the quarter, compared to the consensus estimate of $695.59 million. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The company's revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the company posted $0.09 EPS. On average, research analysts anticipate that OGE Energy Corp. will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

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