Jump Financial LLC Makes New Investment in OGE Energy Corp. (NYSE:OGE)

Jump Financial LLC acquired a new position in shares of OGE Energy Corp. (NYSE:OGEFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,245 shares of the utilities provider’s stock, valued at approximately $741,000.

Other hedge funds have also bought and sold shares of the company. Arizona State Retirement System grew its position in shares of OGE Energy by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 57,028 shares of the utilities provider’s stock worth $1,901,000 after buying an additional 771 shares during the period. Authentikos Wealth Advisory LLC bought a new stake in OGE Energy in the third quarter valued at $43,000. Schechter Investment Advisors LLC acquired a new position in shares of OGE Energy during the third quarter valued at about $213,000. Donoghue Forlines LLC bought a new position in shares of OGE Energy during the 3rd quarter worth about $733,000. Finally, Pinion Investment Advisors LLC grew its stake in shares of OGE Energy by 13.4% in the 3rd quarter. Pinion Investment Advisors LLC now owns 11,530 shares of the utilities provider’s stock valued at $384,000 after buying an additional 1,365 shares during the period. Institutional investors own 66.99% of the company’s stock.

Wall Street Analyst Weigh In

OGE has been the topic of several recent research reports. Mizuho increased their price target on OGE Energy from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, November 28th. Barclays reduced their price target on shares of OGE Energy from $38.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, January 22nd. LADENBURG THALM/SH SH downgraded shares of OGE Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $36.00 to $34.00 in a report on Tuesday, January 16th. Finally, StockNews.com cut shares of OGE Energy from a “hold” rating to a “sell” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.50.

Check Out Our Latest Stock Report on OGE

OGE Energy Stock Performance

OGE stock opened at $32.66 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.82 and a debt-to-equity ratio of 0.96. The firm has a market cap of $6.54 billion, a PE ratio of 15.70, a P/E/G ratio of 3.84 and a beta of 0.74. The business has a 50 day moving average of $34.51 and a 200-day moving average of $34.45. OGE Energy Corp. has a 12-month low of $31.25 and a 12-month high of $39.09.

OGE Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Monday, January 8th were given a dividend of $0.4182 per share. This represents a $1.67 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Friday, January 5th. OGE Energy’s dividend payout ratio is presently 80.29%.

OGE Energy Company Profile

(Free Report)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services in the United States. It operates through Electric Company Operations and Natural Gas Midstream segments. The company generates, transmits, distributes, and sells electric energy.

Further Reading

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

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