31,814 Shares in OGE Energy Corporation (NYSE:OGE) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment of approximately $1.46 million in OGE Energy Corporation, acquiring 31,814 shares during the first quarter.
• OGE Energy reported Q2 earnings of $0.53 per share, falling short of analyst expectations of $0.58, while revenue increased by 11.9% year-over-year to $741.6 million.
• The company has recently announced a quarterly dividend of $0.4213 per share, representing an annualized yield of 3.7%, with a payout ratio of 68.85%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in OGE Energy Corporation (NYSE:OGE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,814 shares of the utilities provider's stock, valued at approximately $1,462,000.

Other large investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in OGE Energy in the fourth quarter valued at about $27,000. Bessemer Group Inc. lifted its position in OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 361 shares during the period. Alpine Bank Wealth Management acquired a new stake in OGE Energy in the first quarter valued at about $31,000. First Command Advisory Services Inc. acquired a new stake in OGE Energy in the first quarter valued at about $36,000. Finally, NBT Bank N A NY lifted its position in OGE Energy by 100.0% in the first quarter. NBT Bank N A NY now owns 1,200 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 71.84% of the company's stock.

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 that occurred on 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 directly owned 43,932 shares of the company's stock, valued at $1,935,643.92. This trade represents a 20.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

OGE has been the subject of a number of recent analyst reports. Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a research report on Friday, April 11th. Barclays upgraded shares of OGE Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $45.00 to $47.00 in a research report on Thursday, June 5th. LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company increased their target price on shares of OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $46.80.

OGE Energy Price Performance

OGE Energy stock traded down $0.48 during mid-day trading on Tuesday, reaching $45.43. The company had a trading volume of 332,706 shares, compared to its average volume of 1,170,694. OGE Energy Corporation has a 1 year low of $38.43 and a 1 year high of $46.91. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.48. The company has a market capitalization of $9.15 billion, a P/E ratio of 18.62, a P/E/G ratio of 3.16 and a beta of 0.57. The stock's 50-day simple moving average is $44.38 and its 200-day simple moving average is $44.28.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The utilities provider reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.05). OGE Energy had a return on equity of 10.60% and a net margin of 15.27%. The business had revenue of $741.60 million for the quarter, compared to analysts' expectations of $719.97 million. During the same period last year, the business earned $0.51 earnings per share. The company's revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts predict that OGE Energy Corporation will post 2.27 EPS for the current year.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were paid a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, July 7th. OGE Energy's dividend payout ratio (DPR) is 68.85%.

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.