Ameritas Investment Partners Inc. increased its holdings in OGE Energy Corporation (NYSE:OGE) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,762 shares of the utilities provider’s stock after buying an additional 892 shares during the period. Ameritas Investment Partners Inc.’s holdings in OGE Energy Corporation were worth $2,079,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Mercer Capital Advisers Inc. boosted its position in shares of OGE Energy Corporation by 0.7% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 7,060 shares of the utilities provider’s stock worth $246,000 after buying an additional 47 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of OGE Energy Corporation by 0.3% in the 2nd quarter. Capstone Asset Management Co. now owns 18,899 shares of the utilities provider’s stock worth $657,000 after buying an additional 60 shares in the last quarter. Torch Wealth Management LLC boosted its position in shares of OGE Energy Corporation by 0.9% in the 2nd quarter. Torch Wealth Management LLC now owns 8,391 shares of the utilities provider’s stock worth $292,000 after buying an additional 73 shares in the last quarter. IFP Advisors Inc boosted its position in shares of OGE Energy Corporation by 0.8% in the 2nd quarter. IFP Advisors Inc now owns 10,694 shares of the utilities provider’s stock worth $372,000 after buying an additional 80 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of OGE Energy Corporation by 0.6% in the 2nd quarter. Bank of Montreal Can now owns 17,806 shares of the utilities provider’s stock worth $619,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

OGE Energy Corporation (NYSE OGE) traded up 0.98% on Friday, reaching $37.21. 154,531 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $36.11 and its 200 day moving average is $35.38. The stock has a market capitalization of $7.43 billion, a P/E ratio of 19.48 and a beta of 0.88. OGE Energy Corporation has a 1-year low of $29.57 and a 1-year high of $37.41.

OGE Energy Corporation (NYSE:OGE) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. The firm had revenue of $586.40 million for the quarter, compared to analysts’ expectations of $563.00 million. OGE Energy Corporation had a return on equity of 11.06% and a net margin of 16.50%. OGE Energy Corporation’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. Analysts expect that OGE Energy Corporation will post $1.97 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Tuesday, October 10th will be paid a $0.333 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.33 dividend on an annualized basis and a yield of 3.61%. OGE Energy Corporation’s dividend payout ratio is currently 69.63%.

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Several research firms recently commented on OGE. KeyCorp reiterated a “hold” rating on shares of OGE Energy Corporation in a research report on Friday, September 1st. Evercore ISI began coverage on shares of OGE Energy Corporation in a research report on Monday, July 24th. They issued an “outperform” rating and a $37.00 price objective on the stock. Zacks Investment Research lowered shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $35.00 price objective on shares of OGE Energy Corporation in a research report on Friday, July 21st. Finally, BidaskClub lowered shares of OGE Energy Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. OGE Energy Corporation currently has an average rating of “Hold” and a consensus price target of $36.00.

In related news, Director Luke R. Corbett sold 1,250 shares of OGE Energy Corporation stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $36.31, for a total value of $45,387.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider H Scott Forbes sold 4,670 shares of OGE Energy Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $36.19, for a total value of $169,007.30. Following the completion of the transaction, the insider now directly owns 18,311 shares in the company, valued at approximately $662,675.09. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

OGE Energy Corporation Profile

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

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

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