Trexquant Investment LP Raises Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Trexquant Investment LP increased its stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 91.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,937 shares of the utilities provider's stock after acquiring an additional 124,340 shares during the period. Trexquant Investment LP owned about 0.13% of OGE Energy worth $9,115,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of OGE Energy in the fourth quarter valued at approximately $128,381,000. Norges Bank bought a new stake in OGE Energy during the 4th quarter worth about $49,274,000. Miller Howard Investments Inc. NY lifted its position in OGE Energy by 1,219.3% during the 4th quarter. Miller Howard Investments Inc. NY now owns 769,053 shares of the utilities provider's stock worth $26,863,000 after buying an additional 710,761 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of OGE Energy by 3,716.2% during the 4th quarter. International Assets Investment Management LLC now owns 728,161 shares of the utilities provider's stock worth $25,435,000 after buying an additional 709,080 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its holdings in shares of OGE Energy by 28.6% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 3,083,472 shares of the utilities provider's stock valued at $102,772,000 after acquiring an additional 686,174 shares in the last quarter. 71.84% of the stock is owned by institutional investors.

Insider Transactions at OGE Energy

In other 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 owns 25,926 shares in the company, valued at $879,409.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.53% of the company's stock.

OGE Energy Stock Performance

Shares of OGE stock traded up $0.22 during trading on Tuesday, reaching $37.20. 868,735 shares of the company's stock were exchanged, compared to its average volume of 1,550,946. OGE Energy Corp. has a twelve month low of $31.25 and a twelve month high of $37.30. The firm's fifty day moving average price is $34.52 and its 200-day moving average price is $34.30. The company has a quick ratio of 0.23, a current ratio of 0.51 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $7.46 billion, a PE ratio of 18.88, a PEG ratio of 3.47 and a beta of 0.72.

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

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Monday, July 8th will be issued a dividend of $0.418 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Monday, July 8th. OGE Energy's dividend payout ratio is presently 84.77%.

Wall Street Analyst Weigh In

Several brokerages recently commented on OGE. TheStreet cut OGE Energy from a "b" rating to a "c+" rating in a research report on Wednesday, February 21st. Barclays cut shares of 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, StockNews.com upgraded shares of OGE Energy from a "sell" rating to a "hold" rating in a report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $33.40.

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.