GSA Capital Partners LLP Acquires Shares of 9,545 OGE Energy Corp. (NYSE:OGE)

GSA Capital Partners LLP acquired a new position in OGE Energy Corp. (NYSE:OGE) during the third quarter, HoldingsChannel reports. The fund acquired 9,545 shares of the utilities provider’s stock, valued at approximately $392,000.

Several other large investors also recently made changes to their positions in OGE. Allspring Global Investments Holdings LLC lifted its position in OGE Energy by 23.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,483 shares of the utilities provider’s stock worth $53,000 after buying an additional 278 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of OGE Energy by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 9,579 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 290 shares in the last quarter. Centennial Wealth Advisory LLC grew its stake in shares of OGE Energy by 3.8% during the third quarter. Centennial Wealth Advisory LLC now owns 8,120 shares of the utilities provider’s stock valued at $333,000 after purchasing an additional 300 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of OGE Energy by 3.2% in the second quarter. Fifth Third Bancorp now owns 9,856 shares of the utilities provider’s stock valued at $352,000 after purchasing an additional 303 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of OGE Energy by 12.8% in the second quarter. Blue Trust Inc. now owns 2,742 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 312 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

OGE Energy Stock Up 1.5 %

Shares of OGE Energy stock opened at $43.77 on Friday. The business has a fifty day simple moving average of $41.04 and a 200 day simple moving average of $38.57. The stock has a market cap of $8.80 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company has a quick ratio of 0.51, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. OGE Energy Corp. has a 12 month low of $32.06 and a 12 month high of $44.09.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.03). The company had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. OGE Energy’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Research analysts predict that OGE Energy Corp. will post 2.15 EPS for the current year.

OGE Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Monday, October 7th were given a dividend of $0.4213 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.85%. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, October 7th. OGE Energy’s dividend payout ratio (DPR) is currently 87.05%.

Insider Activity

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total transaction of $214,542.72. Following the sale, the vice president now directly owns 20,918 shares in the company, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.53% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

OGE has been the topic of several research reports. Barclays upped their price objective on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Jefferies Financial Group started coverage on OGE Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, Evercore ISI boosted their price objective on OGE Energy from $36.00 to $40.00 and gave the stock an “in-line” rating in a report on Thursday, August 8th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.40.

About OGE Energy

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.