Duality Advisers LP Takes $1.30 Million Position in OGE Energy Corp. (NYSE:OGE)

Duality Advisers LP bought a new position in shares of OGE Energy Corp. (NYSE:OGE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 42,964 shares of the utilities provider’s stock, valued at approximately $1,304,000.

Other large investors also recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management purchased a new position in shares of OGE Energy during the first quarter valued at approximately $37,000. Tompkins Financial Corp increased its position in shares of OGE Energy by 250.0% in the second quarter. Tompkins Financial Corp now owns 1,400 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 1,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in OGE Energy by 71.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,782 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 740 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of OGE Energy by 32.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,193 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 533 shares during the last quarter. Finally, Bartlett & Co. LLC bought a new position in shares of OGE Energy during the 1st quarter valued at $82,000. Institutional investors own 63.87% of the company’s stock.

NYSE:OGE opened at $32.90 on Friday. The firm’s 50-day moving average price is $31.32 and its 200-day moving average price is $34.83. The company has a market capitalization of $6.59 billion, a PE ratio of -62.08, a P/E/G ratio of 4.24 and a beta of 0.74. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.61 and a quick ratio of 0.44. OGE Energy Corp. has a 1-year low of $23.00 and a 1-year high of $46.43.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Thursday, May 7th. The utilities provider reported ($2.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($2.66). The business had revenue of $431.30 million for the quarter, compared to analysts’ expectations of $500.27 million. OGE Energy had a negative net margin of 4.85% and a positive return on equity of 10.86%. The company’s revenue was down 12.0% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. Equities analysts anticipate that OGE Energy Corp. will post 2.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Friday, July 10th were paid a $0.3875 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $1.55 annualized dividend and a dividend yield of 4.71%. OGE Energy’s dividend payout ratio is presently 71.76%.

OGE has been the subject of a number of recent analyst reports. Mizuho lowered their price target on shares of OGE Energy from $37.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. UBS Group upgraded OGE Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $31.00 to $35.00 in a research report on Tuesday, July 7th. Evercore ISI upgraded OGE Energy from an “in-line” rating to an “outperform” rating and decreased their target price for the company from $40.00 to $35.00 in a report on Monday, April 20th. Finally, Bank of America restated a “buy” rating and issued a $33.00 price objective (up from $32.00) on shares of OGE Energy in a report on Wednesday, July 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. OGE Energy has an average rating of “Buy” and an average target price of $33.71.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.

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Institutional Ownership by Quarter for OGE Energy (NYSE:OGE)

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