TCG Advisory Services LLC Grows Stake in OGE Energy Corp. (NYSE:OGE)

TCG Advisory Services LLC boosted its stake in OGE Energy Corp. (NYSE:OGE - Free Report) by 2,422.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,030 shares of the utilities provider's stock after purchasing an additional 147,923 shares during the quarter. TCG Advisory Services LLC owned about 0.08% of OGE Energy worth $5,380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OGE. Miller Howard Investments Inc. NY raised its stake in OGE Energy by 1,219.3% in the fourth quarter. Miller Howard Investments Inc. NY now owns 769,053 shares of the utilities provider's stock valued at $26,863,000 after purchasing an additional 710,761 shares in the last quarter. International Assets Investment Management LLC raised its stake in OGE Energy by 3,716.2% during the fourth quarter. International Assets Investment Management LLC now owns 728,161 shares of the utilities provider's stock worth $25,435,000 after acquiring an additional 709,080 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in OGE Energy by 28.6% during the third quarter. Thompson Siegel & Walmsley LLC now owns 3,083,472 shares of the utilities provider's stock worth $102,772,000 after acquiring an additional 686,174 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in OGE Energy by 82.5% during the third quarter. Jupiter Asset Management Ltd. now owns 1,219,445 shares of the utilities provider's stock worth $40,644,000 after acquiring an additional 551,299 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in OGE Energy by 93.7% during the third quarter. AQR Capital Management LLC now owns 812,161 shares of the utilities provider's stock worth $27,069,000 after acquiring an additional 392,947 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Trading Up 0.5 %

OGE stock traded up $0.16 during trading on Friday, hitting $35.18. The company had a trading volume of 1,549,718 shares, compared to its average volume of 1,617,650. The business has a 50-day moving average of $33.81 and a 200-day moving average of $34.11. OGE Energy Corp. has a one year low of $31.25 and a one year high of $38.04. The stock has a market cap of $7.06 billion, a PE ratio of 17.86, a PEG ratio of 3.30 and a beta of 0.72. The company has a current ratio of 0.51, a quick ratio of 0.30 and a debt-to-equity ratio of 0.96.

OGE Energy (NYSE:OGE - Get Free Report) last announced its earnings results on Wednesday, May 1st. The utilities provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.26). OGE Energy had a net margin of 14.63% and a return on equity of 8.89%. The company had revenue of $596.80 million during the quarter, compared to the consensus estimate of $607.37 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The business's revenue was up 7.0% on a year-over-year basis. Research analysts predict that OGE Energy Corp. will post 2.13 earnings per share for the current fiscal year.

OGE Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 8th were issued a dividend of $0.418 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date was Friday, April 5th. OGE Energy's payout ratio is 84.77%.

Insiders Place Their Bets

In other OGE Energy news, VP Cristina F. Mcquistion sold 4,187 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $33.92, for a total transaction of $142,023.04. Following the transaction, the vice president now directly owns 25,926 shares in the company, valued at approximately $879,409.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com raised OGE Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, April 23rd. TheStreet downgraded OGE Energy from a "b" rating to a "c+" rating in a research note on Wednesday, February 21st. LADENBURG THALM/SH SH downgraded OGE Energy from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $36.00 to $34.00 in a research note on Tuesday, January 16th. Finally, Barclays downgraded OGE Energy from an "overweight" rating to an "equal weight" rating and set a $34.00 price objective for the company. in a research note on Monday, April 22nd. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $33.40.

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.