Y Intercept Hong Kong Ltd Raises Position in OGE Energy Corporation $OGE

Y Intercept Hong Kong Ltd increased its stake in OGE Energy Corporation (NYSE:OGE) by 115.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,340 shares of the utilities provider’s stock after purchasing an additional 36,595 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in OGE Energy were worth $3,162,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Morningstar Investment Management LLC bought a new stake in shares of OGE Energy in the 2nd quarter valued at about $391,000. First Citizens Bank & Trust Co. grew its position in shares of OGE Energy by 274.7% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 17,644 shares of the utilities provider’s stock worth $783,000 after buying an additional 12,935 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of OGE Energy by 40.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 43,352 shares of the utilities provider’s stock valued at $1,928,000 after purchasing an additional 12,430 shares during the last quarter. Pacer Advisors Inc. grew its stake in OGE Energy by 390.6% during the 3rd quarter. Pacer Advisors Inc. now owns 36,805 shares of the utilities provider’s stock worth $1,703,000 after buying an additional 29,303 shares during the last quarter. Finally, Andra AP fonden acquired a new position in shares of OGE Energy during the second quarter valued at about $1,160,000. 71.84% of the stock is currently owned by institutional investors.

OGE Energy Price Performance

Shares of OGE Energy stock opened at $43.25 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.80 and a quick ratio of 0.52. The stock has a market capitalization of $8.71 billion, a P/E ratio of 17.37, a PEG ratio of 2.53 and a beta of 0.63. The business has a 50 day simple moving average of $43.41 and a two-hundred day simple moving average of $44.49. OGE Energy Corporation has a 12 month low of $40.80 and a 12 month high of $47.33.

OGE Energy (NYSE:OGE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. OGE Energy had a net margin of 15.28% and a return on equity of 10.77%. OGE Energy’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. As a group, analysts predict that OGE Energy Corporation will post 2.27 EPS for the current fiscal year.

OGE Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 5th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, January 5th. OGE Energy’s dividend payout ratio is 68.27%.

Analysts Set New Price Targets

Several research firms have recently commented on OGE. Weiss Ratings reiterated a “buy (b)” rating on shares of OGE Energy in a research note on Wednesday, October 8th. Jefferies Financial Group boosted their price target on OGE Energy from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. BMO Capital Markets started coverage on OGE Energy in a report on Tuesday, January 13th. They issued a “market perform” rating and a $45.00 price objective on the stock. Mizuho lifted their target price on OGE Energy from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Finally, UBS Group cut their price target on shares of OGE Energy from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.13.

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.