Jump Financial LLC Purchases New Stake in OGE Energy Corp. (NYSE:OGE)

Jump Financial LLC bought a new position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,773 shares of the utilities provider's stock, valued at approximately $651,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OGE. Headlands Technologies LLC acquired a new stake in shares of OGE Energy during the 4th quarter worth about $27,000. Bessemer Group Inc. grew its stake in OGE Energy by 102.0% during the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after buying an additional 361 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in OGE Energy during the 4th quarter worth approximately $35,000. Principal Securities Inc. grew its stake in OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after buying an additional 659 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in OGE Energy during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Stock Performance

Shares of OGE stock traded up $0.68 during midday trading on Monday, hitting $45.53. The company had a trading volume of 1,282,635 shares, compared to its average volume of 1,149,875. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. OGE Energy Corp. has a 52-week low of $33.98 and a 52-week high of $46.91. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 3.30 and a beta of 0.57. The company's 50 day simple moving average is $44.72 and its 200 day simple moving average is $42.96.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 7th were paid a $0.4213 dividend. The ex-dividend date was Monday, April 7th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.70%. OGE Energy's dividend payout ratio (DPR) is presently 76.36%.

Analyst Upgrades and Downgrades

OGE has been the topic of a number of research reports. LADENBURG THALM/SH SH upgraded OGE Energy to a "hold" rating in a research note on Tuesday, April 22nd. Barclays raised their price target on OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, OGE Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.25.

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.