Tudor Investment Corp ET AL Invests $887,000 in OGE Energy Corporation $OGE

Tudor Investment Corp ET AL acquired a new position in OGE Energy Corporation (NYSE:OGE) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 19,165 shares of the utilities provider’s stock, valued at approximately $887,000.

Several other large investors have also recently added to or reduced their stakes in OGE. Norges Bank acquired a new position in OGE Energy during the 2nd quarter worth $101,421,000. First Trust Advisors LP increased its holdings in shares of OGE Energy by 51.2% during the second quarter. First Trust Advisors LP now owns 2,359,899 shares of the utilities provider’s stock valued at $104,732,000 after purchasing an additional 799,264 shares during the period. Millennium Management LLC raised its stake in shares of OGE Energy by 843.6% during the third quarter. Millennium Management LLC now owns 819,492 shares of the utilities provider’s stock valued at $37,918,000 after purchasing an additional 732,641 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of OGE Energy by 305.1% during the third quarter. Qube Research & Technologies Ltd now owns 537,908 shares of the utilities provider’s stock valued at $24,889,000 after purchasing an additional 405,113 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in OGE Energy by 54.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,043,657 shares of the utilities provider’s stock worth $47,966,000 after purchasing an additional 367,960 shares during the period. 71.84% of the stock is currently owned by institutional investors and hedge funds.

OGE Energy Trading Up 0.6%

Shares of OGE stock opened at $47.84 on Tuesday. The stock has a 50-day simple moving average of $46.36 and a 200 day simple moving average of $45.08. The stock has a market capitalization of $9.87 billion, a P/E ratio of 20.71, a P/E/G ratio of 3.40 and a beta of 0.61. OGE Energy Corporation has a fifty-two week low of $40.80 and a fifty-two week high of $49.55. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 1.08.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The firm had revenue of $725.80 million for the quarter, compared to analysts’ expectations of $277.80 million. During the same period in the previous year, the business earned $0.50 earnings per share. OGE Energy’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, sell-side analysts expect that OGE Energy Corporation will post 2.27 earnings per share for the current fiscal year.

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Monday, April 6th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, April 6th. OGE Energy’s payout ratio is presently 73.59%.

Analyst Upgrades and Downgrades

OGE has been the topic of several research analyst reports. BMO Capital Markets assumed coverage on shares of OGE Energy in a research note on Tuesday, January 13th. They set a “market perform” rating and a $45.00 target price on the stock. UBS Group reduced their price target on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Mizuho set a $49.00 price objective on shares of OGE Energy in a report on Thursday, February 19th. Wall Street Zen upgraded shares of OGE Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. Finally, JPMorgan Chase & Co. started coverage on OGE Energy in a report on Friday, March 20th. They set an “overweight” rating and a $52.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, OGE Energy has an average rating of “Moderate Buy” and a consensus target price of $48.11.

Insider Activity at OGE Energy

In other OGE Energy news, Director Lyle G. Ganske purchased 10,420 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were purchased at an average price of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the transaction, the director owned 10,420 shares in the company, valued at $500,055.80. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sarah R. Stafford sold 6,130 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $47.77, for a total value of $292,830.10. Following the completion of the transaction, the chief accounting officer directly owned 28,559 shares in the company, valued at $1,364,263.43. This represents a 17.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.53% of the stock is owned by corporate insiders.

OGE Energy Company Profile

OGE Energy Corp. (NYSE:OGE) is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.