Vise Technologies Inc. Acquires Shares of 5,253 OGE Energy Corporation $OGE

Vise Technologies Inc. acquired a new stake in OGE Energy Corporation (NYSE:OGE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,253 shares of the utilities provider’s stock, valued at approximately $233,000.

A number of other hedge funds have also modified their holdings of the business. Natixis Advisors LLC raised its position in OGE Energy by 0.3% in the 1st quarter. Natixis Advisors LLC now owns 71,892 shares of the utilities provider’s stock valued at $3,304,000 after purchasing an additional 250 shares during the last quarter. Tectonic Advisors LLC increased its stake in OGE Energy by 2.0% in the second quarter. Tectonic Advisors LLC now owns 13,765 shares of the utilities provider’s stock valued at $611,000 after purchasing an additional 272 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of OGE Energy by 2.0% in the second quarter. IFM Investors Pty Ltd now owns 14,515 shares of the utilities provider’s stock valued at $644,000 after buying an additional 280 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of OGE Energy by 3.2% during the second quarter. Parallel Advisors LLC now owns 9,304 shares of the utilities provider’s stock worth $413,000 after buying an additional 289 shares during the period. Finally, Wedbush Securities Inc. grew its holdings in shares of OGE Energy by 4.7% during the second quarter. Wedbush Securities Inc. now owns 6,389 shares of the utilities provider’s stock worth $284,000 after buying an additional 289 shares during the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OGE has been the subject of several analyst reports. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 7th. Royal Bank Of Canada raised OGE Energy to a “hold” rating in a report on Tuesday, October 28th. Jefferies Financial Group upped their price target on OGE Energy from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. UBS Group lifted their price objective on shares of OGE Energy from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, Wells Fargo & Company raised shares of OGE Energy to a “hold” rating in a research note on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, OGE Energy currently has an average rating of “Moderate Buy” and an average target price of $48.75.

OGE Energy Stock Down 0.3%

OGE opened at $44.61 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.48. OGE Energy Corporation has a 12 month low of $39.41 and a 12 month high of $47.33. The stock has a market capitalization of $8.99 billion, a P/E ratio of 17.91, a P/E/G ratio of 3.08 and a beta of 0.60. The business has a 50 day simple moving average of $45.21 and a 200-day simple moving average of $44.77.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). OGE Energy had a return on equity of 10.86% and a net margin of 15.28%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company earned $1.09 EPS. The company’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were issued a $0.425 dividend. The ex-dividend date was Monday, October 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. OGE Energy’s payout ratio is 68.27%.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.