American Century Companies Inc. raised its stake in shares of OGE Energy Corp. (NYSE:OGE) by 840.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,081,922 shares of the utilities provider’s stock after buying an additional 966,925 shares during the quarter. American Century Companies Inc. owned about 0.54% of OGE Energy worth $39,295,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Winslow Evans & Crocker Inc. acquired a new stake in shares of OGE Energy during the second quarter worth $100,000. Gifford Fong Associates acquired a new stake in shares of OGE Energy during the second quarter worth $141,000. Sigma Planning Corp acquired a new stake in shares of OGE Energy during the second quarter worth $205,000. UMB Bank N A MO acquired a new stake in shares of OGE Energy during the third quarter worth $217,000. Finally, BerganKDV Wealth Management LLC acquired a new stake in shares of OGE Energy during the second quarter worth $213,000. Hedge funds and other institutional investors own 61.23% of the company’s stock.

Shares of OGE opened at $39.16 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.53 and a current ratio of 0.76. The firm has a market capitalization of $7.64 billion, a P/E ratio of 20.40, a PEG ratio of 3.56 and a beta of 0.54. OGE Energy Corp. has a twelve month low of $29.59 and a twelve month high of $39.29.

OGE Energy (NYSE:OGE) last issued its earnings results on Thursday, November 8th. The utilities provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.08. The business had revenue of $698.80 million for the quarter, compared to analyst estimates of $745.58 million. OGE Energy had a return on equity of 11.01% and a net margin of 29.45%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. Equities research analysts expect that OGE Energy Corp. will post 2.08 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Wednesday, October 10th were given a $0.365 dividend. This is a positive change from OGE Energy’s previous quarterly dividend of $0.33. This represents a $1.46 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Tuesday, October 9th. OGE Energy’s dividend payout ratio (DPR) is 76.04%.

Several research firms have recently issued reports on OGE. ValuEngine upgraded OGE Energy from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays began coverage on OGE Energy in a report on Monday, October 22nd. They set a “sell” rating and a $36.00 price objective on the stock. UBS Group raised their price objective on OGE Energy from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Finally, Zacks Investment Research upgraded OGE Energy from a “sell” rating to a “hold” rating in a report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. OGE Energy currently has an average rating of “Hold” and an average price target of $36.50.

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OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. The company operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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

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