Tudor Investment Corp ET AL Acquires New Stake in OGE Energy Corporation $OGE

Tudor Investment Corp ET AL bought a new position in shares of OGE Energy Corporation (NYSE:OGE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 19,165 shares of the utilities provider’s stock, valued at approximately $887,000.

Several other institutional investors also recently made changes to their positions in the stock. Orion Porfolio Solutions LLC boosted its position in shares of OGE Energy by 3.3% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 222 shares in the last quarter. Blair William & Co. IL raised its stake in OGE Energy by 0.9% in the 3rd quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider’s stock valued at $1,270,000 after purchasing an additional 234 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 255 shares during the last quarter. Private Wealth Asset Management LLC raised its stake in OGE Energy by 21.1% in the 3rd quarter. Private Wealth Asset Management LLC now owns 1,574 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 274 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in OGE Energy by 0.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 47,404 shares of the utilities provider’s stock valued at $2,104,000 after purchasing an additional 289 shares during the last quarter. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

OGE Energy Trading Up 0.4%

NYSE OGE opened at $48.80 on Wednesday. OGE Energy Corporation has a 12 month low of $41.69 and a 12 month high of $50.13. The company has a 50-day moving average of $47.56 and a 200-day moving average of $45.41. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.78 and a quick ratio of 0.49. The company has a market cap of $10.07 billion, a P/E ratio of 21.13, a P/E/G ratio of 3.47 and a beta of 0.59.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. OGE Energy had a net margin of 14.44% and a return on equity of 9.89%. The company had revenue of $725.80 million during the quarter, compared to the consensus estimate of $277.80 million. During the same quarter in the prior year, the company posted $0.50 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts predict that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Monday, April 6th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Monday, April 6th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.5%. OGE Energy’s dividend payout ratio is currently 73.59%.

Insider Transactions at OGE Energy

In other news, CAO Sarah R. Stafford sold 6,130 shares of OGE Energy stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $47.77, for a total value of $292,830.10. Following the transaction, the chief accounting officer directly owned 28,559 shares of the company’s stock, valued at $1,364,263.43. The trade was a 17.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lyle G. Ganske acquired 10,420 shares of OGE Energy stock in a transaction dated Monday, February 23rd. The stock was purchased at an average cost of $47.99 per share, for a total transaction of $500,055.80. Following the completion of the purchase, the director directly owned 10,420 shares in the company, valued at approximately $500,055.80. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of OGE Energy from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. JPMorgan Chase & Co. assumed coverage on shares of OGE Energy in a research note on Friday, March 20th. They issued an “overweight” rating and a $52.00 target price for the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of OGE Energy in a research note on Friday, January 23rd. BMO Capital Markets assumed coverage on shares of OGE Energy in a research note on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 target price for the company. Finally, UBS Group cut their target price 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. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $48.25.

About OGE Energy

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.