Two Sigma Investments LP Has $256,000 Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Two Sigma Investments LP reduced its stake in OGE Energy Corp. (NYSE:OGE - Free Report) by 87.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,208 shares of the utilities provider's stock after selling 44,032 shares during the period. Two Sigma Investments LP's holdings in OGE Energy were worth $256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stonebridge Financial Group LLC acquired a new position in shares of OGE Energy during the fourth quarter worth approximately $35,000. Capital Advisors Inc. OK raised its holdings in OGE Energy by 69.3% during the fourth quarter. Capital Advisors Inc. OK now owns 10,861 shares of the utilities provider's stock worth $448,000 after purchasing an additional 4,447 shares in the last quarter. Kentucky Trust Co bought a new stake in OGE Energy during the fourth quarter worth approximately $980,000. Van ECK Associates Corp raised its holdings in OGE Energy by 7.9% during the fourth quarter. Van ECK Associates Corp now owns 62,542 shares of the utilities provider's stock worth $2,580,000 after purchasing an additional 4,584 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in OGE Energy during the fourth quarter worth approximately $1,496,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OGE. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a report on Friday, May 9th. Argus raised OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a report on Friday, April 11th. Wells Fargo & Company boosted their target price on OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Finally, Barclays raised OGE Energy from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $45.00 to $47.00 in a report on Thursday, June 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.80.

Insider Buying and Selling at OGE Energy

In other news, VP Donnie O. Jones sold 11,351 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total value of $500,125.06. Following the sale, the vice president now directly owns 43,932 shares of the company's stock, valued at approximately $1,935,643.92. This trade represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William H. Sultemeier sold 6,650 shares of the firm's 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 completion of the sale, the insider now directly owns 72,548 shares in the company, valued at approximately $3,303,835.92. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

OGE Energy Price Performance

Shares of NYSE OGE traded down $0.38 during trading on Friday, hitting $44.26. The company had a trading volume of 707,070 shares, compared to its average volume of 1,108,471. The company has a market cap of $8.91 billion, a P/E ratio of 20.12, a PEG ratio of 3.30 and a beta of 0.59. OGE Energy Corp. has a 52 week low of $34.84 and a 52 week high of $46.91. The business's 50-day moving average is $44.36 and its 200 day moving average is $43.55. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.51 and a current ratio of 0.73.

OGE Energy (NYSE:OGE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share (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 analysts' expectations of $695.59 million. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The firm's revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. Equities research analysts predict that OGE Energy Corp. will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be paid a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a yield of 3.81%. The ex-dividend date is Monday, July 7th. OGE Energy's dividend payout ratio (DPR) is currently 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.