Wilmington Savings Fund Society FSB Acquires Shares of 3,269 OGE Energy Corp. (NYSE:OGE)

Wilmington Savings Fund Society FSB bought a new stake in OGE Energy Corp. (NYSE:OGE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,269 shares of the utilities provider’s stock, valued at approximately $134,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in OGE Energy by 16.3% in the third quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock worth $22,929,000 after purchasing an additional 78,164 shares during the period. Navellier & Associates Inc. acquired a new stake in shares of OGE Energy during the 3rd quarter worth approximately $785,000. PEAK6 Investments LLC bought a new stake in shares of OGE Energy during the third quarter worth approximately $783,000. BNP Paribas Financial Markets lifted its holdings in OGE Energy by 316.6% in the third quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock valued at $1,426,000 after buying an additional 26,411 shares during the period. Finally, Retirement Investment Advisors Inc. bought a new position in OGE Energy in the second quarter valued at approximately $450,000. Institutional investors own 71.84% of the company’s stock.

OGE Energy Trading Up 1.1 %

Shares of NYSE OGE opened at $40.96 on Friday. OGE Energy Corp. has a twelve month low of $32.06 and a twelve month high of $44.41. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 3.80 and a beta of 0.77. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The company’s fifty day moving average is $41.93 and its 200-day moving average is $39.50.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The business had revenue of $965.40 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that OGE Energy Corp. will post 2.14 EPS for the current year.

OGE Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $0.4213 per share. The ex-dividend date is Monday, January 6th. This represents a $1.69 annualized dividend and a yield of 4.11%. OGE Energy’s dividend payout ratio (DPR) is currently 87.05%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OGE. Jefferies Financial Group initiated coverage on OGE Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Barclays increased their target price on OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, OGE Energy has a consensus rating of “Hold” and a consensus target price of $40.50.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total transaction of $214,542.72. Following the completion of the transaction, the vice president now owns 20,918 shares in the company, valued at approximately $896,127.12. This represents a 19.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.53% 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.