Jane Street Group LLC Has $1.76 Million Stock Position in OGE Energy Corp. (NYSE:OGE)

Jane Street Group LLC raised its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,546 shares of the utilities provider’s stock after acquiring an additional 1,401 shares during the quarter. Jane Street Group LLC’s holdings in OGE Energy were worth $1,755,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of OGE Energy during the 4th quarter worth approximately $27,000. Bessemer Group Inc. grew its stake in shares of OGE Energy by 102.0% during 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 in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of OGE Energy during the 4th quarter worth approximately $35,000. Principal Securities Inc. grew its stake in shares of OGE Energy by 204.7% during the 4th quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 659 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in OGE Energy during the fourth quarter worth $44,000. 71.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider William H. Sultemeier sold 6,650 shares of OGE Energy stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $45.54, for a total transaction of $302,841.00. Following the completion of the sale, the insider now owns 72,548 shares of the company’s stock, valued at approximately $3,303,835.92. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

OGE Energy Trading Up 1.0%

OGE stock opened at $44.36 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.51. The company has a fifty day moving average price of $44.61 and a two-hundred day moving average price of $43.33. OGE Energy Corp. has a one year low of $34.20 and a one year high of $46.91. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 3.30 and a beta of 0.61.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The firm had revenue of $747.70 million during the quarter, compared to analysts’ expectations of $695.59 million. During the same period in the previous year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities analysts anticipate that OGE Energy Corp. will post 2.27 EPS for the current year.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be given a dividend of $0.4213 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.69 dividend on an annualized basis and a yield of 3.80%. OGE Energy’s dividend payout ratio (DPR) is 69.42%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OGE. Barclays boosted their target price on shares of OGE Energy from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 22nd. LADENBURG THALM/SH SH upgraded shares of OGE Energy to a “hold” rating in a report on Friday, May 9th. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $40.00 to $47.00 in a report on Tuesday, January 21st. Wells Fargo & Company boosted their target price on shares of OGE Energy from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, May 1st. Finally, Argus upgraded shares of 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.40.

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.