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

Jane Street Group LLC boosted its stake in OGE Energy Corp. (NYSE:OGE) by 3.4% in the fourth quarter, Holdings Channel reports. The firm owned 42,546 shares of the utilities provider’s stock after purchasing 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of OGE. Headlands Technologies LLC acquired a new position in OGE Energy in the fourth quarter valued at about $27,000. Bessemer Group Inc. raised its stake in OGE Energy by 102.0% in the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 361 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in OGE Energy in the fourth quarter valued at about $35,000. Principal Securities Inc. raised its stake in OGE Energy by 204.7% in the fourth quarter. Principal Securities Inc. now owns 981 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 659 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in OGE Energy in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

Insider Activity

In other news, insider William H. Sultemeier sold 6,650 shares of the company’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 value of $302,841.00. Following the completion of the transaction, the insider now owns 72,548 shares of the company’s stock, valued at $3,303,835.92. This represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on OGE. Wells Fargo & Company boosted their price target on OGE Energy from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Evercore ISI raised 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 research note on Tuesday, January 21st. Argus raised OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Friday, April 11th. Barclays boosted their target price on OGE Energy from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 22nd. Finally, LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.40.

OGE Energy Stock Up 1.0%

Shares of NYSE OGE opened at $44.36 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. 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 12 month low of $34.20 and a 12 month high of $46.91. The stock has a 50-day moving average price of $44.61 and a two-hundred day moving average price of $43.33.

OGE Energy (NYSE:OGE) last issued its earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The firm had revenue of $747.70 million during the quarter, compared to the consensus estimate of $695.59 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was up 25.3% on a year-over-year basis. As a group, analysts forecast that OGE Energy Corp. will post 2.27 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.80%. The ex-dividend date is Monday, July 7th. OGE Energy’s dividend payout ratio is currently 69.42%.

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.