OGE Energy Corp. (NYSE:OGE) Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its holdings in shares of OGE Energy Corp. (NYSE:OGE) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,919 shares of the utilities provider’s stock after acquiring an additional 884 shares during the quarter. IFM Investors Pty Ltd’s holdings in OGE Energy were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OGE. Avior Wealth Management LLC raised its position in shares of OGE Energy by 572.5% during the 3rd quarter. Avior Wealth Management LLC now owns 1,466 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 1,248 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of OGE Energy by 6.8% in the third quarter. Exchange Traded Concepts LLC now owns 17,278 shares of the utilities provider’s stock worth $576,000 after acquiring an additional 1,104 shares during the last quarter. Verity & Verity LLC lifted its position in shares of OGE Energy by 16.2% in the third quarter. Verity & Verity LLC now owns 493,829 shares of the utilities provider’s stock valued at $16,830,000 after acquiring an additional 68,784 shares in the last quarter. Tectonic Advisors LLC acquired a new stake in shares of OGE Energy during the third quarter valued at $335,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in OGE Energy by 38.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 44,814 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 12,481 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

OGE Energy Trading Down 1.9 %

OGE stock traded down $0.66 on Friday, hitting $33.82. 1,190,658 shares of the company were exchanged, compared to its average volume of 1,434,453. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.65 and a quick ratio of 0.30. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 3.17 and a beta of 0.73. OGE Energy Corp. has a twelve month low of $31.25 and a twelve month high of $38.04. The business’s fifty day moving average is $33.64 and its two-hundred day moving average is $34.08.

OGE Energy (NYSE:OGE) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. OGE Energy had a return on equity of 9.37% and a net margin of 15.59%. The business had revenue of $566.70 million during the quarter, compared to the consensus estimate of $986.67 million. During the same period in the prior year, the firm posted $0.25 EPS. The business’s revenue for the quarter was down 20.4% on a year-over-year basis. As a group, research analysts forecast that OGE Energy Corp. will post 2.13 earnings per share for the current year.

OGE Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 8th were paid a $0.418 dividend. This represents a $1.67 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend was Friday, April 5th. OGE Energy’s dividend payout ratio is currently 80.68%.

Insider Transactions at OGE Energy

In related news, VP Cristina F. Mcquistion sold 4,187 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $33.92, for a total value of $142,023.04. Following the transaction, the vice president now owns 25,926 shares in the company, valued at $879,409.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OGE shares. Barclays lowered shares of OGE Energy from an “overweight” rating to an “equal weight” rating and set a $34.00 target price on the stock. in a report on Monday, April 22nd. TheStreet lowered shares of OGE Energy from a “b” rating to a “c+” rating in a research report on Wednesday, February 21st. LADENBURG THALM/SH SH cut shares of OGE Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $36.00 to $34.00 in a research note on Tuesday, January 16th. Finally, StockNews.com raised OGE Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, OGE Energy has a consensus rating of “Hold” and a consensus price target of $33.40.

About OGE Energy

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.