Boothbay Fund Management LLC Takes Position in OGE Energy Corp. (OGE)
Boothbay Fund Management LLC bought a new position in OGE Energy Corp. (NYSE:OGE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,000 shares of the utilities provider’s stock, valued at approximately $216,000.
Other hedge funds have also recently modified their holdings of the company. Ffcm LLC lifted its position in OGE Energy by 199.8% in the second quarter. Ffcm LLC now owns 3,478 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 2,318 shares during the period. Essex Financial Services Inc. lifted its position in OGE Energy by 9.8% in the second quarter. Essex Financial Services Inc. now owns 6,920 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 620 shares during the period. Heritage Trust Co lifted its position in OGE Energy by 140.6% in the second quarter. Heritage Trust Co now owns 7,207 shares of the utilities provider’s stock worth $250,000 after purchasing an additional 4,211 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in OGE Energy during the third quarter worth $261,000. Finally, Toronto Dominion Bank raised its stake in OGE Energy by 243.7% during the third quarter. Toronto Dominion Bank now owns 8,435 shares of the utilities provider’s stock worth $304,000 after acquiring an additional 5,981 shares in the last quarter. 62.20% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Patricia D. Horn sold 10,051 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $35.56, for a total value of $357,413.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.48% of the company’s stock.
Shares of OGE Energy Corp. (NYSE:OGE) traded down $0.16 during trading hours on Thursday, hitting $33.89. The stock had a trading volume of 643,000 shares, compared to its average volume of 999,488. OGE Energy Corp. has a 52 week low of $32.56 and a 52 week high of $37.40. The firm has a market capitalization of $6,799.96, a price-to-earnings ratio of 17.83, a PEG ratio of 3.89 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 the Zacks’ consensus estimate of $0.93 by ($0.01). OGE Energy had a net margin of 16.69% and a return on equity of 10.92%. The business 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 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. analysts predict that OGE Energy Corp. will post 1.88 EPS for the current fiscal year.
The firm 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 3.92%. OGE Energy’s dividend payout ratio (DPR) is presently 69.63%.
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About OGE Energy
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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