Hudson Bay Capital Management LP Sells 48,214 Shares of OGE Energy Corp. (NYSE:OGE)

Hudson Bay Capital Management LP lowered its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,426 shares of the utilities provider's stock after selling 48,214 shares during the period. Hudson Bay Capital Management LP owned about 0.17% of OGE Energy worth $14,331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its stake in OGE Energy by 45.1% in the third quarter. Barclays PLC now owns 126,230 shares of the utilities provider's stock valued at $5,176,000 after acquiring an additional 39,263 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of OGE Energy by 83.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 95,691 shares of the utilities provider's stock valued at $3,947,000 after purchasing an additional 43,529 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of OGE Energy in the 4th quarter worth approximately $252,000. Merit Financial Group LLC lifted its position in shares of OGE Energy by 14.2% during the 4th quarter. Merit Financial Group LLC now owns 6,505 shares of the utilities provider's stock worth $268,000 after buying an additional 810 shares during the period. Finally, M.E. Allison & CO. Inc. acquired a new stake in OGE Energy in the 4th quarter valued at $215,000. Institutional investors own 71.84% of the company's stock.

Insider Activity

In other news, insider William H. Sultemeier sold 6,650 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total value of $302,841.00. Following the transaction, the insider now directly owns 72,548 shares in the company, valued at $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 available at this link. Insiders own 0.55% of the company's stock.

OGE Energy Price Performance

OGE opened at $44.35 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The stock has a market capitalization of $8.93 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 3.30 and a beta of 0.61. The company's 50 day simple moving average is $44.67 and its 200-day simple moving average is $43.22. OGE Energy Corp. has a one year low of $34.20 and a one year high of $46.91.

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

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 7th were given a dividend of $0.4213 per share. The ex-dividend date was Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.80%. OGE Energy's payout ratio is presently 69.42%.

Analyst Ratings Changes

A number of research analysts have issued reports on OGE shares. Argus raised OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a report on Friday, April 11th. Barclays lifted their price target on shares of OGE Energy from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Evercore ISI raised shares of OGE Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company increased their price target on OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, OGE Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.40.

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.

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