Susquehanna International Group LLP Has $2.13 Million Stake in OGE Energy Corp. (NYSE:OGE)

Susquehanna International Group LLP increased its stake in shares of OGE Energy Corp. (NYSE:OGE) by 52.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,662 shares of the utilities provider’s stock after purchasing an additional 17,765 shares during the quarter. Susquehanna International Group LLP’s holdings in OGE Energy were worth $2,131,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in OGE Energy in the fourth quarter worth approximately $68,876,000. Cohen & Steers Inc. acquired a new position in shares of OGE Energy during the 4th quarter worth $43,618,000. Epoch Investment Partners Inc. bought a new position in shares of OGE Energy during the 4th quarter valued at $13,308,000. Raymond James Financial Inc. acquired a new stake in shares of OGE Energy in the 4th quarter valued at $11,862,000. Finally, Boston Partners boosted its holdings in OGE Energy by 6.6% in the fourth quarter. Boston Partners now owns 4,182,795 shares of the utilities provider’s stock worth $172,554,000 after purchasing an additional 258,989 shares in the last quarter. 71.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on OGE shares. LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a research report on Tuesday, April 22nd. Wells Fargo & Company upped their target price on OGE Energy from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. Argus upgraded OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Friday, April 11th. Evercore ISI upgraded shares of OGE Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, January 21st. Finally, Barclays raised their target price on shares of OGE Energy from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.40.

Insider Activity

In related news, insider William H. Sultemeier sold 6,650 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 72,548 shares in the company, valued at $3,303,835.92. This trade represents a 8.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.55% of the company’s stock.

OGE Energy Trading Up 0.0 %

Shares of OGE Energy stock opened at $44.35 on Friday. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 3.30 and a beta of 0.61. OGE Energy Corp. has a 1 year low of $34.20 and a 1 year high of $46.91. The company’s fifty day simple moving average is $44.67 and its 200-day simple moving average is $43.20. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, beating 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 business had revenue of $747.70 million during the quarter, compared to analyst estimates of $695.59 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, sell-side analysts expect that OGE Energy Corp. will post 2.27 EPS for the current year.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 7th were issued a $0.4213 dividend. This represents a $1.69 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Monday, April 7th. OGE Energy’s dividend payout ratio (DPR) is presently 69.42%.

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.