SG Americas Securities LLC boosted its stake in shares of OGE Energy Corp. (NYSE:OGE) by 429.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 43,480 shares of the utilities provider’s stock after buying an additional 35,272 shares during the period. SG Americas Securities LLC’s holdings in OGE Energy were worth $1,431,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Krilogy Financial LLC raised its holdings in OGE Energy by 133.3% during the 3rd quarter. Krilogy Financial LLC now owns 2,800 shares of the utilities provider’s stock worth $101,000 after buying an additional 1,600 shares during the period. Cerebellum GP LLC acquired a new stake in OGE Energy during the 4th quarter worth approximately $122,000. Jane Street Group LLC acquired a new stake in OGE Energy during the 3rd quarter worth approximately $205,000. Boothbay Fund Management LLC acquired a new stake in OGE Energy during the 3rd quarter worth approximately $216,000. Finally, MHI Funds LLC acquired a new stake in OGE Energy during the 4th quarter worth approximately $220,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.
In other news, VP Patricia D. Horn sold 10,051 shares of OGE Energy stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $35.56, for a total value of $357,413.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is owned by company insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Stockholders of record on Wednesday, January 10th were issued a $0.3325 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 4.38%. OGE Energy’s dividend payout ratio (DPR) is presently 69.63%.
A number of analysts have recently issued reports on OGE shares. UBS Group started coverage on shares of OGE Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $33.00 price objective on the stock. Bank of America upgraded shares of OGE Energy from an “underperform” rating to a “neutral” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Goldman Sachs Group upgraded shares of OGE Energy from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Wednesday, January 10th. Edward Jones downgraded shares of OGE Energy from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Zacks Investment Research downgraded shares of OGE Energy from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. OGE Energy has an average rating of “Hold” and a consensus target price of $36.67.
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OGE Energy 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.
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