XTX Topco Ltd Makes New $2.28 Million Investment in OGE Energy Corporation (NYSE:OGE)

Key Points

• XTX Topco Ltd has invested approximately $2.28 million in OGE Energy Corporation, acquiring 49,553 shares of the utility provider.
• OGE Energy reported a quarterly earnings per share (EPS) of $0.31, exceeding the expected $0.22, with revenue increasing by 25.3% year-over-year.
• The company declared a quarterly dividend of $0.4213 per share, yielding 3.75%, with a payout ratio of 69.42%.

XTX Topco Ltd acquired a new stake in shares of OGE Energy Corporation (NYSE:OGE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 49,553 shares of the utilities provider's stock, valued at approximately $2,277,000.

A number of other hedge funds have also recently bought and sold shares of OGE. Headlands Technologies LLC bought a new position in shares of OGE Energy during the 4th quarter valued at approximately $27,000. Bessemer Group Inc. increased its position in shares of OGE Energy by 102.0% during the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock valued at $30,000 after buying an additional 361 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of OGE Energy during the 1st quarter valued at $31,000. First Command Advisory Services Inc. bought a new position in shares of OGE Energy in the first quarter worth $36,000. Finally, NBT Bank N A NY raised its position in shares of 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 worth $55,000 after buying an additional 600 shares in the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Trading Up 1.2%

OGE traded up $0.57 during midday trading on Monday, reaching $45.90. 381,886 shares of the company's stock traded hands, compared to its average volume of 1,172,253. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 3.16 and a beta of 0.57. OGE Energy Corporation has a 52 week low of $38.42 and a 52 week high of $46.91. The firm has a fifty day moving average of $44.35 and a two-hundred day moving average of $44.26. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.48.

OGE Energy (NYSE:OGE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The utilities provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.05). OGE Energy had a return on equity of 10.60% and a net margin of 15.27%. The company had revenue of $741.60 million during the quarter, compared to analysts' expectations of $719.97 million. During the same period in the prior year, the business posted $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 anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a dividend of $0.4213 per share. The ex-dividend date was Monday, July 7th. This represents a $1.69 annualized dividend and a dividend yield of 3.7%. OGE Energy's payout ratio is currently 68.85%.

Insider Activity at OGE Energy

In related news, VP Donnie O. Jones sold 11,351 shares of OGE Energy 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 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 legal filing with the SEC, which is available at this hyperlink. Also, insider William H. Sultemeier sold 6,650 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total transaction of $302,841.00. Following the completion of the sale, the insider owned 72,548 shares in the company, valued at approximately $3,303,835.92. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on OGE shares. Wells Fargo & Company raised their price target on OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research report on Friday, May 9th. 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. Finally, Argus upgraded shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $46.80.

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.