Boston Partners Purchases 139,872 Shares of OGE Energy Corp. (NYSE:OGE)

Boston Partners lifted its stake in OGE Energy Corp. (NYSE:OGE) by 3.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,815,848 shares of the utilities provider’s stock after purchasing an additional 139,872 shares during the period. Boston Partners owned 1.90% of OGE Energy worth $130,878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC increased its stake in shares of OGE Energy by 3.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 3,177,388 shares of the utilities provider’s stock worth $110,986,000 after purchasing an additional 93,916 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of OGE Energy by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 1,873,306 shares of the utilities provider’s stock worth $65,435,000 after purchasing an additional 59,329 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of OGE Energy by 11.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,419,650 shares of the utilities provider’s stock worth $49,589,000 after purchasing an additional 144,487 shares in the last quarter. Norges Bank purchased a new stake in shares of OGE Energy in the 4th quarter worth $49,274,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of OGE Energy by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,306,982 shares of the utilities provider’s stock worth $45,653,000 after purchasing an additional 43,653 shares in the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Price Performance

Shares of OGE Energy stock traded up $0.08 during trading on Friday, reaching $39.78. 1,168,411 shares of the stock traded hands, compared to its average volume of 1,106,664. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 3.72 and a beta of 0.74. The business has a fifty day simple moving average of $36.26 and a two-hundred day simple moving average of $34.76. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.51 and a quick ratio of 0.23. OGE Energy Corp. has a 52-week low of $31.25 and a 52-week high of $40.36.

OGE Energy (NYSE:OGE) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.26). The firm had revenue of $596.80 million for the quarter, compared to analysts’ expectations of $607.37 million. OGE Energy had a net margin of 14.63% and a return on equity of 8.89%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. Sell-side analysts expect that OGE Energy Corp. will post 2.13 EPS for the current year.

OGE Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 8th were issued a $0.418 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Monday, July 8th. OGE Energy’s payout ratio is 84.77%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on OGE shares. Barclays increased their price target on OGE Energy from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 18th. Argus lowered OGE Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, StockNews.com upgraded OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.60.

OGE Energy Company 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.