Public Employees Retirement System of Ohio decreased its holdings in OGE Energy Corp. (NYSE:OGE) by 1.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 85,120 shares of the utilities provider’s stock after selling 857 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in OGE Energy were worth $3,863,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Private Capital Group LLC grew its stake in OGE Energy by 67.6% during the 2nd quarter. Private Capital Group LLC now owns 761 shares of the utilities provider’s stock worth $27,000 after buying an additional 307 shares during the last quarter. Brinker Capital Inc. grew its stake in shares of OGE Energy by 1.4% during the third quarter. Brinker Capital Inc. now owns 23,585 shares of the utilities provider’s stock worth $1,070,000 after acquiring an additional 335 shares during the last quarter. CWM LLC grew its stake in shares of OGE Energy by 30.5% during the third quarter. CWM LLC now owns 1,594 shares of the utilities provider’s stock worth $72,000 after acquiring an additional 373 shares during the last quarter. Marietta Wealth Management LLC grew its stake in shares of OGE Energy by 3.2% during the second quarter. Marietta Wealth Management LLC now owns 12,716 shares of the utilities provider’s stock worth $541,000 after acquiring an additional 389 shares during the last quarter. Finally, Texas Permanent School Fund increased its holdings in shares of OGE Energy by 0.3% during the third quarter. Texas Permanent School Fund now owns 136,247 shares of the utilities provider’s stock valued at $6,183,000 after acquiring an additional 394 shares in the last quarter. Institutional investors own 65.60% of the company’s stock.

Several brokerages recently commented on OGE. Evercore ISI reaffirmed a “hold” rating and issued a $42.00 price objective on shares of OGE Energy in a research report on Monday. Bank of America upgraded shares of OGE Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $46.00 in a research note on Friday, September 6th. Mizuho raised their price target on shares of OGE Energy from $43.50 to $45.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Zacks Investment Research raised shares of OGE Energy from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a report on Monday, September 23rd. Finally, UBS Group lowered their price objective on shares of OGE Energy from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.50.

Shares of OGE stock opened at $42.76 on Friday. OGE Energy Corp. has a fifty-two week low of $37.67 and a fifty-two week high of $45.77. The firm has a market capitalization of $8.52 billion, a PE ratio of 20.17, a P/E/G ratio of 4.12 and a beta of 0.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.59 and a current ratio of 0.79. The stock’s 50-day simple moving average is $42.72 and its 200-day simple moving average is $43.12.

OGE Energy (NYSE:OGE) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.14. OGE Energy had a return on equity of 11.20% and a net margin of 19.94%. The firm had revenue of $755.40 million for the quarter, compared to analyst estimates of $728.22 million. During the same quarter in the prior year, the firm earned $1.02 earnings per share. OGE Energy’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts forecast that OGE Energy Corp. will post 2.27 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.62%. The ex-dividend date is Thursday, January 9th. OGE Energy’s payout ratio is 73.11%.

OGE Energy Company Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that provides physical delivery and related services for electricity and natural gas primarily in the south central United States. It operates in two segments, Electric Utility and Natural Gas Midstream Operations.

Featured Story: What is a stock portfolio tracker?

Want to see what other hedge funds are holding OGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OGE Energy Corp. (NYSE:OGE).

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

Receive News & Ratings for OGE Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OGE Energy and related companies with MarketBeat.com's FREE daily email newsletter.