Geode Capital Management LLC Has $137.43 Million Stock Holdings in OGE Energy Corp. (NYSE:OGE)

Geode Capital Management LLC increased its position in OGE Energy Corp. (NYSE:OGE) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,349,471 shares of the utilities provider’s stock after buying an additional 40,733 shares during the quarter. Geode Capital Management LLC owned 1.67% of OGE Energy worth $137,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its position in OGE Energy by 16.3% in the 3rd quarter. FMR LLC now owns 558,967 shares of the utilities provider’s stock valued at $22,929,000 after acquiring an additional 78,164 shares during the period. Navellier & Associates Inc. acquired a new stake in OGE Energy in the third quarter valued at $785,000. PEAK6 Investments LLC bought a new position in OGE Energy during the 3rd quarter worth $783,000. BNP Paribas Financial Markets lifted its holdings in OGE Energy by 316.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,752 shares of the utilities provider’s stock worth $1,426,000 after buying an additional 26,411 shares during the period. Finally, Retirement Investment Advisors Inc. bought a new stake in shares of OGE Energy in the 2nd quarter valued at about $450,000. Institutional investors own 71.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays raised their price objective on OGE Energy from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Jefferies Financial Group initiated coverage on shares of OGE Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, OGE Energy presently has an average rating of “Hold” and a consensus target price of $40.50.

Insider Transactions at OGE Energy

In related news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $42.84, for a total value of $214,542.72. Following the completion of the sale, the vice president now owns 20,918 shares of the company’s stock, valued at approximately $896,127.12. This trade represents a 19.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.53% of the company’s stock.

OGE Energy Trading Down 0.4 %

NYSE OGE opened at $41.88 on Tuesday. The stock has a market capitalization of $8.42 billion, a P/E ratio of 21.70, a P/E/G ratio of 3.80 and a beta of 0.77. The business has a 50 day simple moving average of $41.85 and a 200 day simple moving average of $39.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. OGE Energy Corp. has a one year low of $32.06 and a one year high of $44.41.

OGE Energy (NYSE:OGE) last announced its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The company had revenue of $965.40 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business earned $1.20 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts expect that OGE Energy Corp. will post 2.14 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, January 31st. Stockholders of record on Monday, January 6th will be given a dividend of $0.4213 per share. The ex-dividend date is Monday, January 6th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 4.02%. OGE Energy’s dividend payout ratio (DPR) is presently 87.05%.

OGE Energy Company 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.