Occudo Quantitative Strategies LP Purchases Shares of 31,464 OGE Energy Corp. (NYSE:OGE)

Occudo Quantitative Strategies LP acquired a new stake in shares of OGE Energy Corp. (NYSE:OGE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 31,464 shares of the utilities provider's stock, valued at approximately $1,298,000.

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

Analyst Upgrades and Downgrades

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

OGE Energy Trading Up 0.4%

Shares of NYSE:OGE traded up $0.19 during mid-day trading on Monday, reaching $44.55. 238,632 shares of the company were exchanged, compared to its average volume of 1,128,041. 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 1 year low of $34.20 and a 1 year high of $46.91. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 3.30 and a beta of 0.61. The firm's 50-day simple moving average is $44.61 and its 200 day simple moving average is $43.35.

OGE Energy (NYSE:OGE - Get Free Report) last announced its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $695.59 million. During the same period in the prior year, the company earned $0.09 earnings per share. The business's revenue was up 25.3% compared to the same quarter last year. Equities research analysts forecast that OGE Energy Corp. will post 2.27 EPS for the current year.

OGE Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be given a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy's payout ratio is currently 69.42%.

Insider Activity at OGE Energy

In other OGE Energy news, insider William H. Sultemeier sold 6,650 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total value of $302,841.00. Following the completion of the transaction, the insider now directly owns 72,548 shares of the company's stock, valued at approximately $3,303,835.92. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company's stock.

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.