Y Intercept Hong Kong Ltd Decreases Holdings in OGE Energy Corporation $OGE

Y Intercept Hong Kong Ltd lessened its holdings in OGE Energy Corporation (NYSE:OGE) by 23.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 79,004 shares of the utilities provider’s stock after selling 24,784 shares during the period. Y Intercept Hong Kong Ltd’s holdings in OGE Energy were worth $3,789,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Mirabella Financial Services LLP boosted its position in OGE Energy by 180.1% in the 3rd quarter. Mirabella Financial Services LLP now owns 50,313 shares of the utilities provider’s stock worth $2,324,000 after purchasing an additional 32,352 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of OGE Energy by 915.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 328,260 shares of the utilities provider’s stock worth $14,017,000 after purchasing an additional 295,932 shares during the period. Oak Thistle LLC increased its position in shares of OGE Energy by 368.0% during the fourth quarter. Oak Thistle LLC now owns 54,337 shares of the utilities provider’s stock valued at $2,320,000 after acquiring an additional 42,726 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in OGE Energy by 25.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,092,661 shares of the utilities provider’s stock worth $50,557,000 after acquiring an additional 219,413 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of OGE Energy by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 3,825,542 shares of the utilities provider’s stock worth $163,397,000 after acquiring an additional 204,510 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

Insider Activity

In related news, insider William H. Sultemeier sold 7,345 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $47.97, for a total value of $352,339.65. Following the completion of the transaction, the insider owned 74,497 shares of the company’s stock, valued at approximately $3,573,621.09. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.57% of the stock is owned by company insiders.

OGE Energy Stock Up 2.4%

Shares of OGE Energy stock traded up $1.17 during trading hours on Tuesday, hitting $49.43. 212,232 shares of the company’s stock traded hands, compared to its average volume of 1,569,118. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 1.09. OGE Energy Corporation has a twelve month low of $41.69 and a twelve month high of $50.13. The stock has a 50 day simple moving average of $47.77 and a 200-day simple moving average of $46.53. The company has a market cap of $10.20 billion, a PE ratio of 22.07, a PEG ratio of 3.66 and a beta of 0.53.

OGE Energy (NYSE:OGE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. OGE Energy had a return on equity of 9.47% and a net margin of 14.03%.The company had revenue of $752.60 million for the quarter, compared to the consensus estimate of $616.02 million. During the same quarter last year, the business posted $0.31 EPS. OGE Energy’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that OGE Energy Corporation will post 2.43 earnings per share for the current fiscal year.

OGE Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, July 6th. OGE Energy’s dividend payout ratio (DPR) is presently 75.89%.

Analyst Upgrades and Downgrades

OGE has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of OGE Energy from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. assumed coverage on shares of OGE Energy in a research note on Friday, March 20th. They set an “overweight” rating and a $52.00 price target for the company. Morgan Stanley initiated coverage on shares of OGE Energy in a research note on Wednesday, June 24th. They set an “equal weight” rating and a $50.00 price target on the stock. Wall Street Zen downgraded shares of OGE Energy from a “hold” rating to a “sell” rating in a report on Sunday, June 21st. Finally, Weiss Ratings raised OGE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.20.

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.