Dynamic Technology Lab Private Ltd Takes $1.74 Million Position in OGE Energy Corp. (NYSE:OGE)

Dynamic Technology Lab Private Ltd bought a new position in shares of OGE Energy Corp. (NYSE:OGE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 49,738 shares of the utilities provider's stock, valued at approximately $1,737,000.

Other large investors also recently bought and sold shares of the company. ClearBridge Investments Ltd grew its position in shares of OGE Energy by 3.9% during the third quarter. ClearBridge Investments Ltd now owns 6,684,861 shares of the utilities provider's stock worth $222,806,000 after buying an additional 252,456 shares in the last quarter. Boston Partners purchased a new stake in shares of OGE Energy in the 4th quarter valued at approximately $128,381,000. Thompson Siegel & Walmsley LLC raised its holdings in shares of OGE Energy by 3.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 3,177,388 shares of the utilities provider's stock valued at $110,986,000 after purchasing an additional 93,916 shares in the last quarter. Invesco Ltd. lifted its position in shares of OGE Energy by 13.4% during the 3rd quarter. Invesco Ltd. now owns 1,842,045 shares of the utilities provider's stock worth $61,395,000 after purchasing an additional 217,866 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of OGE Energy by 11.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,419,650 shares of the utilities provider's stock worth $49,589,000 after purchasing an additional 144,487 shares in the last quarter. Hedge funds and other institutional investors own 71.84% of the company's stock.

Insider Buying and Selling

In other OGE Energy news, VP Cristina F. Mcquistion sold 4,187 shares of the company's 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 completion of the sale, the vice president now directly owns 25,926 shares of the company's stock, valued at approximately $879,409.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OGE shares. StockNews.com upgraded OGE Energy from a "sell" rating to a "hold" rating in a research note on Tuesday, April 23rd. Barclays cut OGE Energy from an "overweight" rating to an "equal weight" rating and set a $34.00 target price for the company. in a research note on Monday, April 22nd. Finally, TheStreet lowered shares of OGE Energy from a "b" rating to a "c+" rating in a research note on Wednesday, February 21st. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $33.40.

OGE Energy Stock Performance

NYSE:OGE traded up $0.13 during mid-day trading on Friday, reaching $36.96. 875,905 shares of the stock were exchanged, compared to its average volume of 1,600,334. The stock has a market capitalization of $7.41 billion, a P/E ratio of 18.76, a P/E/G ratio of 3.47 and a beta of 0.72. OGE Energy Corp. has a 1 year low of $31.25 and a 1 year high of $37.23. The company has a 50 day simple moving average of $34.40 and a 200-day simple moving average of $34.28. The company has a quick ratio of 0.23, a current ratio of 0.51 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.26). OGE Energy had a return on equity of 8.89% and a net margin of 14.63%. The business had revenue of $596.80 million for the quarter, compared to analysts' expectations of $607.37 million. During the same quarter last year, the business posted $0.19 earnings per share. The business's revenue was up 7.0% on a year-over-year basis. Analysts anticipate that OGE Energy Corp. will post 2.13 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Monday, July 8th will be paid a dividend of $0.418 per share. The ex-dividend date is Monday, July 8th. This represents a $1.67 annualized dividend and a dividend yield of 4.52%. OGE Energy's dividend payout ratio (DPR) is 84.77%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.