OGE Energy Corp. (NYSE:OGE) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC boosted its holdings in OGE Energy Corp. (NYSE:OGE - Free Report) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 304,398 shares of the utilities provider's stock after acquiring an additional 10,760 shares during the period. Voya Investment Management LLC owned 0.15% of OGE Energy worth $12,556,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in OGE Energy in the 4th quarter valued at about $27,000. Bessemer Group Inc. lifted its holdings in shares of OGE Energy by 102.0% in the 4th quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after acquiring an additional 361 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in OGE Energy in the 4th quarter valued at approximately $35,000. Principal Securities Inc. lifted its stake in OGE Energy by 204.7% during the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider's stock worth $40,000 after purchasing an additional 659 shares in the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of OGE Energy during the fourth quarter worth $44,000. Institutional investors and hedge funds own 71.84% of the company's stock.

OGE Energy Trading Up 0.8 %

Shares of OGE stock traded up $0.37 during trading hours on Friday, hitting $45.16. 810,565 shares of the company were exchanged, compared to its average volume of 1,139,761. OGE Energy Corp. has a 1 year low of $34.20 and a 1 year high of $46.91. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. The firm has a fifty day moving average of $44.75 and a 200 day moving average of $43.03. The firm has a market cap of $9.09 billion, a PE ratio of 20.53, a PEG ratio of 3.30 and a beta of 0.57.

OGE Energy (NYSE:OGE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $747.70 million during the quarter, compared to analyst estimates of $695.59 million. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The business's quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. Analysts expect that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 7th were paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Monday, April 7th. OGE Energy's dividend payout ratio (DPR) is 76.36%.

Wall Street Analyst Weigh In

Several research firms have commented on OGE. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a research note on Tuesday, April 22nd. Argus raised OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 target price on the stock 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 company an "equal weight" rating in a report on Tuesday, April 22nd. Wells Fargo & Company increased their price target 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. Finally, Evercore ISI upgraded OGE Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $40.00 to $47.00 in a research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.40.

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.