Dupont Capital Management Corp raised its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 220.3% during the 3rd quarter, Holdings Channel reports. The fund owned 68,400 shares of the utilities provider’s stock after acquiring an additional 47,046 shares during the quarter. Dupont Capital Management Corp’s holdings in OGE Energy were worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Verition Fund Management LLC boosted its stake in shares of OGE Energy by 11.3% during the 2nd quarter. Verition Fund Management LLC now owns 13,391 shares of the utilities provider’s stock worth $471,000 after acquiring an additional 1,364 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of OGE Energy by 2.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 53,900 shares of the utilities provider’s stock worth $1,898,000 after acquiring an additional 1,500 shares during the last quarter. Twin Capital Management Inc. boosted its stake in shares of OGE Energy by 1.1% during the 2nd quarter. Twin Capital Management Inc. now owns 146,140 shares of the utilities provider’s stock worth $5,146,000 after acquiring an additional 1,590 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of OGE Energy by 8.0% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 21,648 shares of the utilities provider’s stock worth $762,000 after acquiring an additional 1,606 shares during the last quarter. Finally, Chicago Equity Partners LLC boosted its stake in shares of OGE Energy by 5.8% during the 2nd quarter. Chicago Equity Partners LLC now owns 30,500 shares of the utilities provider’s stock worth $1,074,000 after acquiring an additional 1,670 shares during the last quarter. Institutional investors and hedge funds own 61.23% of the company’s stock.

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

Shares of OGE stock opened at $39.16 on Wednesday. The firm has a market cap of $7.64 billion, a PE ratio of 20.40, a PEG ratio of 3.56 and a beta of 0.54. OGE Energy Corp. has a one year low of $29.59 and a one year high of $39.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.53 and a current ratio of 0.76.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Thursday, November 8th. The utilities provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.08. The firm had revenue of $698.80 million for the quarter, compared to the consensus estimate of $745.58 million. OGE Energy had a net margin of 29.45% and a return on equity of 11.01%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. On average, equities analysts forecast that OGE Energy Corp. will post 2.08 EPS for the current fiscal year.

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

TRADEMARK VIOLATION WARNING: “Dupont Capital Management Corp Has $2.48 Million Stake in OGE Energy Corp. (OGE)” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2018/11/14/dupont-capital-management-corp-has-2-48-million-stake-in-oge-energy-corp-oge.html.

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.

Read More: What does relative strength index mean?

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 & Ratings for OGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.