Y Intercept Hong Kong Ltd Purchases Shares of 6,748 OGE Energy Corporation (NYSE:OGE)

Key Points

• Y Intercept Hong Kong Ltd has made a new investment in OGE Energy Corporation, acquiring approximately 6,748 shares valued at $310,000 during the first quarter.
• OGE Energy reported quarterly earnings of $0.31 EPS, exceeding analyst expectations and reflecting a 25.3% revenue increase compared to the same quarter last year.
• The company also announced a quarterly dividend of $0.4213 per share, representing an annualized yield of 3.75% and a payout ratio of 69.42%.

Y Intercept Hong Kong Ltd acquired a new stake in OGE Energy Corporation (NYSE:OGE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,748 shares of the utilities provider's stock, valued at approximately $310,000.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of OGE Energy during the fourth quarter worth $27,000. Alpine Bank Wealth Management acquired a new position in OGE Energy in the first quarter valued at about $31,000. Bessemer Group Inc. grew its stake 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 acquiring an additional 361 shares during the period. First Command Advisory Services Inc. acquired a new position in OGE Energy in the first quarter valued at about $36,000. Finally, NBT Bank N A NY grew its stake 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 acquiring an additional 600 shares during the period. Institutional investors own 71.84% of the company's stock.

Insider Buying and Selling

In related news, VP Donnie O. Jones sold 11,351 shares of OGE Energy stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $44.06, for a total value of $500,125.06. Following the sale, the vice president owned 43,932 shares of the company's stock, valued at approximately $1,935,643.92. The trade was a 20.53% decrease in their position. The transaction 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 OGE Energy stock in a transaction that occurred on 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 directly owned 72,548 shares in the company, valued at $3,303,835.92. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

OGE Energy Stock Down 0.2%

OGE Energy stock traded down $0.08 during midday trading on Friday, reaching $45.35. The stock had a trading volume of 1,104,862 shares, compared to its average volume of 1,092,059. OGE Energy Corporation has a 12 month low of $38.42 and a 12 month high of $46.91. The company has a market capitalization of $9.13 billion, a P/E ratio of 18.58, a PEG ratio of 3.16 and a beta of 0.57. The company has a fifty day moving average price of $44.35 and a two-hundred day moving average price of $44.22. The company has a current ratio of 0.78, a quick ratio of 0.47 and a debt-to-equity ratio of 1.16.

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

OGE Energy Announces Dividend

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

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.