Todays Report: The OGE Energy Corp. (OGE) Position Maintained by Tokio Marine Asset Management Co. Ltd.

The OGE Energy Corp. (OGE) Position Maintained by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. maintained its position in shares of OGE Energy Corp. (NYSE:OGE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,288 shares of the company’s stock at the end of the second quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in OGE Energy Corp. were worth $304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ngam Advisors L.P. boosted its stake in shares of OGE Energy Corp. by 1.3% in the first quarter. Ngam Advisors L.P. now owns 53,642 shares of the company’s stock valued at $1,536,000 after buying an additional 682 shares during the last quarter. Teachers Advisors Inc. boosted its stake in shares of OGE Energy Corp. by 1.1% in the first quarter. Teachers Advisors Inc. now owns 739,138 shares of the company’s stock valued at $21,162,000 after buying an additional 8,283 shares during the last quarter. BlackRock Inc. boosted its stake in shares of OGE Energy Corp. by 18.1% in the first quarter. BlackRock Inc. now owns 325,346 shares of the company’s stock valued at $9,315,000 after buying an additional 49,747 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of OGE Energy Corp. by 9.1% in the first quarter. BlackRock Group LTD now owns 1,012,646 shares of the company’s stock valued at $28,990,000 after buying an additional 84,518 shares during the last quarter. Finally, BlackRock Japan Co. Ltd boosted its stake in shares of OGE Energy Corp. by 19.7% in the first quarter. BlackRock Japan Co. Ltd now owns 243,105 shares of the company’s stock valued at $6,960,000 after buying an additional 40,033 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

OGE Energy Corp. (NYSE:OGE) traded down 0.20% during mid-day trading on Friday, reaching $30.29. The company had a trading volume of 969,835 shares. The company’s 50 day moving average is $31.31 and its 200 day moving average is $30.72. OGE Energy Corp. has a 52-week low of $23.37 and a 52-week high of $33.10. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 25.67 and a beta of 0.66.

OGE Energy Corp. (NYSE:OGE) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by $0.06. OGE Energy Corp. had a return on equity of 7.14% and a net margin of 11.03%. The business had revenue of $551.40 million for the quarter, compared to analyst estimates of $569.62 million. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Equities analysts predict that OGE Energy Corp. will post $1.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Tuesday, October 11th will be issued a dividend of $0.3025 per share. The ex-dividend date is Thursday, October 6th. This is a positive change from OGE Energy Corp.’s previous quarterly dividend of $0.28. This represents a $1.21 dividend on an annualized basis and a dividend yield of 3.99%. OGE Energy Corp.’s payout ratio is 102.54%.

OGE has been the topic of several research reports. TheStreet upgraded OGE Energy Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, September 6th. Zacks Investment Research upgraded OGE Energy Corp. from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, October 4th. Finally, Jefferies Group dropped their price target on OGE Energy Corp. from $34.00 to $32.50 and set a “hold” rating on the stock in a research report on Friday, August 5th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $31.10.

In other news, VP Jean C. Leger, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $31.17, for a total transaction of $311,700.00. Following the completion of the transaction, the vice president now directly owns 14,746 shares in the company, valued at $459,632.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider H Scott Forbes sold 4,959 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $32.12, for a total value of $159,283.08. Following the transaction, the insider now owns 22,241 shares of the company’s stock, valued at $714,380.92. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

About OGE Energy Corp.

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.

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