Campbell & CO Investment Adviser LLC Invests $8.20 Million in OGE Energy Corporation $OGE

Campbell & CO Investment Adviser LLC purchased a new stake in shares of OGE Energy Corporation (NYSE:OGE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 177,172 shares of the utilities provider’s stock, valued at approximately $8,198,000. OGE Energy comprises 0.6% of Campbell & CO Investment Adviser LLC’s portfolio, making the stock its 6th biggest position. Campbell & CO Investment Adviser LLC owned 0.09% of OGE Energy at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of OGE. Capital A Wealth Management LLC grew its stake in OGE Energy by 5,157.1% in the 2nd quarter. Capital A Wealth Management LLC now owns 736 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 722 shares during the period. State of Wyoming purchased a new position in shares of OGE Energy in the 2nd quarter worth about $34,000. Golden State Wealth Management LLC grew its position in OGE Energy by 427.0% during the second quarter. Golden State Wealth Management LLC now owns 780 shares of the utilities provider’s stock valued at $35,000 after buying an additional 632 shares during the period. Quent Capital LLC purchased a new stake in OGE Energy during the third quarter worth about $43,000. Finally, Tompkins Financial Corp increased its holdings in OGE Energy by 42.9% during the second quarter. Tompkins Financial Corp now owns 1,000 shares of the utilities provider’s stock worth $44,000 after buying an additional 300 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group reduced their target price on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Wall Street Zen downgraded OGE Energy from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Mizuho boosted their target price on OGE Energy from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. BMO Capital Markets initiated coverage on OGE Energy in a research report on Tuesday. They set a “market perform” rating and a $45.00 price target on the stock. Finally, Wells Fargo & Company raised OGE Energy to a “hold” rating in a report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, OGE Energy has a consensus rating of “Hold” and an average price target of $48.00.

OGE Energy Price Performance

Shares of NYSE OGE opened at $43.71 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.52 and a current ratio of 0.80. OGE Energy Corporation has a fifty-two week low of $40.80 and a fifty-two week high of $47.33. The stock has a market cap of $8.81 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 2.58 and a beta of 0.63. The stock has a fifty day moving average of $43.62 and a 200-day moving average of $44.53.

OGE Energy (NYSE:OGE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. OGE Energy had a return on equity of 10.77% and a net margin of 15.28%.The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. Equities research analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, January 5th. OGE Energy’s dividend payout ratio (DPR) is presently 68.27%.

OGE Energy Company Profile

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.