MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 31,032 Shares of OGE Energy Corp. (NYSE:OGE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400,739 shares of the utilities provider's stock after buying an additional 31,032 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.20% of OGE Energy worth $16,530,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of OGE Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 21,413,588 shares of the utilities provider's stock worth $883,311,000 after acquiring an additional 203,129 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in OGE Energy by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider's stock worth $254,701,000 after purchasing an additional 844,679 shares during the last quarter. Boston Partners lifted its stake in OGE Energy by 6.6% in the fourth quarter. Boston Partners now owns 4,182,795 shares of the utilities provider's stock worth $172,554,000 after purchasing an additional 258,989 shares during the last quarter. Northern Trust Corp boosted its position in OGE Energy by 29.3% during the fourth quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider's stock valued at $146,933,000 after buying an additional 807,690 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of OGE Energy by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,364,886 shares of the utilities provider's stock valued at $138,845,000 after buying an additional 15,415 shares during the last quarter. Institutional investors own 71.84% of the company's stock.

OGE Energy Trading Up 0.6%

OGE Energy stock traded up $0.27 during mid-day trading on Monday, reaching $44.63. 1,036,116 shares of the company traded hands, compared to its average volume of 1,131,139. The firm's 50 day moving average price is $44.61 and its 200 day moving average price is $43.35. OGE Energy Corp. has a 52-week low of $34.20 and a 52-week high of $46.91. 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 firm has a market capitalization of $8.99 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 3.30 and a beta of 0.61.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The business had revenue of $747.70 million during the quarter, compared to analyst estimates of $695.59 million. During the same period last year, the business posted $0.09 earnings per share. OGE Energy's quarterly revenue was up 25.3% compared to the same quarter last year. On average, analysts anticipate that OGE Energy Corp. 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 will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be paid a $0.4213 dividend. The ex-dividend date is Monday, July 7th. This represents a $1.69 annualized dividend and a yield of 3.78%. OGE Energy's payout ratio is 69.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OGE shares. Argus upgraded OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price for the company in a report on Friday, April 11th. Barclays raised their target price on shares of OGE Energy from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. LADENBURG THALM/SH SH raised shares of OGE Energy to a "hold" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their price objective on shares of OGE Energy from $46.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Finally, Evercore ISI upgraded shares of OGE Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, OGE Energy currently has a consensus rating of "Moderate Buy" and an average price target of $46.40.

Insiders Place Their Bets

In other OGE Energy news, insider William H. Sultemeier sold 6,650 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total value of $302,841.00. Following the sale, the insider now owns 72,548 shares in the company, valued at approximately $3,303,835.92. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is owned by corporate insiders.

OGE Energy Company 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.