OGE Energy Corp. (OGE) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. grew its position in OGE Energy Corp. (NYSE:OGE) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 619,540 shares of the utilities provider’s stock after acquiring an additional 11,139 shares during the period. Ameriprise Financial Inc. owned 0.31% of OGE Energy worth $22,322,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of OGE. Ffcm LLC raised its stake in shares of OGE Energy by 199.8% in the second quarter. Ffcm LLC now owns 3,478 shares of the utilities provider’s stock valued at $121,000 after acquiring an additional 2,318 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of OGE Energy by 9.8% in the second quarter. Essex Financial Services Inc. now owns 6,920 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 620 shares during the last quarter. Heritage Trust Co raised its stake in shares of OGE Energy by 140.6% in the second quarter. Heritage Trust Co now owns 7,207 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 4,211 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in shares of OGE Energy in the third quarter valued at approximately $261,000. Finally, Prudential PLC raised its position in OGE Energy by 11.5% in the 2nd quarter. Prudential PLC now owns 8,700 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 62.20% of the company’s stock.
OGE Energy Corp. (NYSE OGE) opened at $34.46 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 0.76. OGE Energy Corp. has a 1 year low of $32.56 and a 1 year high of $37.40. The firm has a market cap of $6,881.83, a P/E ratio of 18.04, a P/E/G ratio of 3.94 and a beta of 0.90.
OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.01). OGE Energy had a return on equity of 10.92% and a net margin of 16.69%. The company had revenue of $716.80 million during the quarter, compared to the consensus estimate of $728.18 million. During the same quarter last year, the firm earned $0.92 EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. analysts expect that OGE Energy Corp. will post 1.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, January 9th. OGE Energy’s dividend payout ratio is presently 69.63%.
In other OGE Energy news, VP Patricia D. Horn sold 10,051 shares of OGE Energy stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $35.56, for a total transaction of $357,413.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is currently owned by insiders.
OGE has been the subject of several research analyst reports. BidaskClub upgraded shares of OGE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Bank of America initiated coverage on shares of OGE Energy in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $37.00 price objective for the company. Wells Fargo & Company cut shares of OGE Energy from an “outperform” rating to a “market perform” rating and set a $38.00 price objective for the company. in a research report on Friday, October 6th. Finally, KeyCorp restated a “hold” rating on shares of OGE Energy in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.67.
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About OGE Energy
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.
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