Trexquant Investment LP Takes $442,000 Position in OGE Energy Corp. (OGE)
Trexquant Investment LP purchased a new position in shares of OGE Energy Corp. (NYSE:OGE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,276 shares of the utilities provider’s stock, valued at approximately $442,000.
A number of other large investors have also recently made changes to their positions in OGE. Ffcm LLC increased its stake in OGE Energy by 199.8% during the second quarter. Ffcm LLC now owns 3,478 shares of the utilities provider’s stock worth $121,000 after acquiring an additional 2,318 shares during the last quarter. Essex Financial Services Inc. increased its stake in OGE Energy by 9.8% during the second quarter. Essex Financial Services Inc. now owns 6,920 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 620 shares during the last quarter. Mercer Capital Advisers Inc. increased its stake in OGE Energy by 0.7% during the second quarter. Mercer Capital Advisers Inc. now owns 7,060 shares of the utilities provider’s stock worth $246,000 after acquiring an additional 47 shares during the last quarter. Heritage Trust Co increased its stake in OGE Energy by 140.6% during the second quarter. Heritage Trust Co now owns 7,207 shares of the utilities provider’s stock worth $250,000 after acquiring an additional 4,211 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in OGE Energy during the third quarter worth about $261,000. Institutional investors own 62.18% of the company’s stock.
OGE has been the subject of several research analyst reports. BidaskClub upgraded OGE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. KeyCorp restated a “hold” rating on shares of OGE Energy in a research note on Friday, September 1st. Jefferies Group restated a “hold” rating and set a $37.00 price target (up from $35.00) on shares of OGE Energy in a research note on Wednesday, August 9th. Wells Fargo & Company lowered OGE Energy from an “outperform” rating to a “market perform” rating and set a $38.00 price target for the company. in a research note on Friday, October 6th. Finally, Zacks Investment Research lowered OGE Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. OGE Energy presently has a consensus rating of “Hold” and an average price target of $36.67.
Shares of OGE Energy Corp. (NYSE:OGE) opened at $35.23 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 0.76. OGE Energy Corp. has a 12 month low of $31.96 and a 12 month high of $37.40. The stock has a market capitalization of $7,035.61, a PE ratio of 18.45, a PEG ratio of 4.03 and a beta of 0.91.
OGE Energy (NYSE:OGE) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.01). OGE Energy had a net margin of 16.69% and a return on equity of 10.92%. The company had revenue of $716.80 million during the quarter, compared to analyst estimates of $728.18 million. During the same quarter last year, the business posted $0.92 EPS. OGE Energy’s quarterly revenue was down 3.6% compared to the same quarter last year. analysts expect that OGE Energy Corp. will post 1.88 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Wednesday, January 10th will be paid a $0.3325 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 3.78%. OGE Energy’s dividend payout ratio (DPR) is currently 69.63%.
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OGE Energy Profile
OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas primarily in the south central United States. The Company operates through two segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
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