OGE Energy Corporation (OGE) Shares Bought by Aperio Group LLC

Aperio Group LLC grew its holdings in OGE Energy Corporation (NYSE:OGE) by 12.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,168 shares of the utilities provider’s stock after purchasing an additional 10,497 shares during the period. Aperio Group LLC’s holdings in OGE Energy Corporation were worth $3,357,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of OGE Energy Corporation by 1.1% in the second quarter. BlackRock Inc. now owns 21,857,996 shares of the utilities provider’s stock valued at $760,438,000 after purchasing an additional 237,463 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of OGE Energy Corporation by 1.4% in the second quarter. Vanguard Group Inc. now owns 17,778,833 shares of the utilities provider’s stock valued at $618,525,000 after purchasing an additional 247,341 shares in the last quarter. FMR LLC lifted its holdings in shares of OGE Energy Corporation by 5.3% in the second quarter. FMR LLC now owns 4,861,415 shares of the utilities provider’s stock valued at $169,129,000 after purchasing an additional 245,953 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of OGE Energy Corporation by 4.3% in the third quarter. First Trust Advisors LP now owns 1,885,881 shares of the utilities provider’s stock valued at $67,948,000 after purchasing an additional 77,097 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of OGE Energy Corporation by 18.2% in the second quarter. Principal Financial Group Inc. now owns 1,315,175 shares of the utilities provider’s stock valued at $45,755,000 after purchasing an additional 202,440 shares in the last quarter. Institutional investors own 62.48% of the company’s stock.

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered OGE Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and issued a $37.00 target price (up previously from $35.00) on shares of OGE Energy Corporation in a report on Wednesday, August 9th. Bank of America Corporation assumed coverage on OGE Energy Corporation in a report on Tuesday, October 24th. They issued an “underperform” rating and a $37.00 target price for the company. Evercore ISI assumed coverage on OGE Energy Corporation in a report on Monday, July 24th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, Wells Fargo & Company lowered OGE Energy Corporation from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.67.

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OGE Energy Corporation (NYSE OGE) opened at $35.01 on Friday. OGE Energy Corporation has a one year low of $30.10 and a one year high of $37.40. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 0.76. The firm has a market cap of $7,095.52, a price-to-earnings ratio of 18.60, a PEG ratio of 4.06 and a beta of 0.93.

OGE Energy Corporation (NYSE:OGE) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.01). OGE Energy Corporation had a return on equity of 10.92% and a net margin of 16.69%. The company had revenue of $716.80 million during the quarter, compared to analyst estimates of $728.18 million. During the same period last year, the company posted $0.92 earnings per share. The company’s revenue was down 3.6% compared to the same quarter last year. research analysts predict that OGE Energy Corporation will post 1.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Tuesday, October 10th were paid a $0.333 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, October 6th. OGE Energy Corporation’s dividend payout ratio (DPR) is presently 69.63%.

OGE Energy Corporation Company Profile

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

Institutional Ownership by Quarter for OGE Energy Corporation (NYSE:OGE)

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