Vanguard Personalized Indexing Management LLC Has $1.01 Million Stock Position in OGE Energy Corporation $OGE

Vanguard Personalized Indexing Management LLC increased its position in shares of OGE Energy Corporation (NYSE:OGE) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,749 shares of the utilities provider’s stock after buying an additional 1,343 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in OGE Energy were worth $1,010,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in OGE. GAMMA Investing LLC raised its stake in OGE Energy by 27.5% during the 1st quarter. GAMMA Investing LLC now owns 6,992 shares of the utilities provider’s stock worth $321,000 after buying an additional 1,509 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of OGE Energy by 19.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,922 shares of the utilities provider’s stock worth $1,421,000 after purchasing an additional 5,043 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of OGE Energy in the first quarter worth approximately $305,000. Johnson Investment Counsel Inc. raised its stake in shares of OGE Energy by 60.2% in the first quarter. Johnson Investment Counsel Inc. now owns 10,721 shares of the utilities provider’s stock worth $493,000 after purchasing an additional 4,030 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of OGE Energy by 6.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,241 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 307 shares during the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

OGE Energy Price Performance

Shares of NYSE OGE opened at $46.47 on Monday. The stock has a fifty day simple moving average of $45.09 and a two-hundred day simple moving average of $44.65. OGE Energy Corporation has a 1-year low of $39.10 and a 1-year high of $47.33. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 3.23 and a beta of 0.59. The company has a current ratio of 0.78, a quick ratio of 0.48 and a debt-to-equity ratio of 1.16.

OGE Energy (NYSE:OGE) last posted its quarterly earnings results on Tuesday, July 29th. The utilities provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05). OGE Energy had a return on equity of 10.60% and a net margin of 15.27%.The company had revenue of $741.60 million during the quarter, compared to the consensus estimate of $719.97 million. During the same period in the previous year, the business earned $0.51 earnings per share. OGE Energy’s revenue was up 11.9% on a year-over-year basis. Analysts anticipate that OGE Energy Corporation will post 2.27 earnings per share for the current year.

OGE Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.7%. This is a boost from OGE Energy’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, October 6th. OGE Energy’s dividend payout ratio (DPR) is 69.67%.

Wall Street Analyst Weigh In

OGE has been the subject of several analyst reports. UBS Group increased their price objective on OGE Energy from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Wall Street Zen raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of OGE Energy in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, OGE Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

OGE Energy 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.