Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 0.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 406,002 shares of the utilities provider’s stock after selling 2,070 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of OGE Energy worth $14,628,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of OGE Energy by 1.1% during the second quarter. BlackRock Inc. now owns 21,857,996 shares of the utilities provider’s stock valued at $760,438,000 after acquiring an additional 237,463 shares during the last quarter. Vanguard Group Inc. raised its stake in OGE Energy by 1.4% during the second quarter. Vanguard Group Inc. now owns 17,778,833 shares of the utilities provider’s stock worth $618,525,000 after buying an additional 247,341 shares during the last quarter. FMR LLC raised its stake in OGE Energy by 5.3% during the second quarter. FMR LLC now owns 4,861,415 shares of the utilities provider’s stock worth $169,129,000 after buying an additional 245,953 shares during the last quarter. Bank of New York Mellon Corp raised its stake in OGE Energy by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 2,821,238 shares of the utilities provider’s stock worth $101,650,000 after buying an additional 12,373 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in OGE Energy by 150.9% during the third quarter. Citadel Advisors LLC now owns 1,889,541 shares of the utilities provider’s stock worth $68,080,000 after buying an additional 1,136,560 shares during the last quarter. 62.20% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Corp. (OGE) opened at $34.46 on Friday. OGE Energy Corp. has a 52 week low of $32.56 and a 52 week high of $37.40. The firm has a market cap of $6,881.83, a price-to-earnings ratio of 18.04, a P/E/G ratio of 3.94 and a beta of 0.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.46 and a current ratio of 0.63.

OGE Energy (NYSE:OGE) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.01). The firm had revenue of $716.80 million for the quarter, compared to the consensus estimate of $728.18 million. OGE Energy had a return on equity of 10.92% and a net margin of 16.69%. OGE Energy’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. analysts expect that OGE Energy Corp. will post 1.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Wednesday, January 10th will be issued a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Tuesday, January 9th. OGE Energy’s payout ratio is 69.63%.

A number of brokerages recently weighed in on OGE. Bank of America began coverage on shares of OGE Energy in a research note on Tuesday, October 24th. They set an “underperform” rating and a $37.00 target price for the company. Wells Fargo & Company downgraded shares of OGE Energy from an “outperform” rating to a “market perform” rating and set a $38.00 target price for the company. in a research note on Friday, October 6th. KeyCorp reissued a “hold” rating on shares of OGE Energy in a research note on Friday, September 1st. Finally, BidaskClub raised shares of OGE Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. OGE Energy has an average rating of “Hold” and an average target price of $36.67.

In other OGE Energy news, VP Patricia D. Horn sold 10,051 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $35.56, for a total value of $357,413.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.48% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Mitsubishi UFJ Trust & Banking Corp Has $14.63 Million Stake in OGE Energy Corp. (OGE)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.thecerbatgem.com/2017/12/10/mitsubishi-ufj-trust-banking-corp-has-14-63-million-stake-in-oge-energy-corp-oge.html.

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.

Want to see what other hedge funds are holding OGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OGE Energy Corp. (NYSE:OGE).

Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

Receive News & Stock Ratings for OGE Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy Corp. and related stocks with our FREE daily email newsletter.