SG Americas Securities LLC Has $4.25 Million Stake in OGE Energy Corp. (NYSE:OGE)

SG Americas Securities LLC decreased its stake in OGE Energy Corp. (NYSE:OGE) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,490 shares of the utilities provider’s stock after selling 2,036 shares during the quarter. SG Americas Securities LLC’s holdings in OGE Energy were worth $4,251,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OGE. Norges Bank acquired a new stake in OGE Energy in the 4th quarter valued at $68,876,000. Merewether Investment Management LP acquired a new position in OGE Energy in the fourth quarter worth $44,470,000. Cohen & Steers Inc. acquired a new position in OGE Energy in the fourth quarter worth $43,618,000. T. Rowe Price Investment Management Inc. boosted its stake in OGE Energy by 15.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,174,558 shares of the utilities provider’s stock worth $254,701,000 after purchasing an additional 844,679 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in OGE Energy by 29.3% in the fourth quarter. Northern Trust Corp now owns 3,562,014 shares of the utilities provider’s stock worth $146,933,000 after purchasing an additional 807,690 shares in the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on OGE shares. LADENBURG THALM/SH SH raised OGE Energy to a “hold” rating in a research note on Friday, May 9th. Barclays raised OGE Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $47.00 in a research note on Thursday, June 5th. Wells Fargo & Company boosted their price objective on OGE Energy from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Finally, Argus raised OGE Energy from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $46.80.

OGE Energy Trading Down 0.9%

Shares of OGE opened at $44.26 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.73 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a 12-month low of $34.84 and a 12-month high of $46.91. The firm has a market capitalization of $8.91 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 3.30 and a beta of 0.59. The stock’s fifty day simple moving average is $44.36 and its 200-day simple moving average is $43.56.

OGE Energy (NYSE:OGE) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. OGE Energy had a return on equity of 9.71% and a net margin of 14.79%. The business had revenue of $747.70 million for the quarter, compared to analyst estimates of $695.59 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. As a group, research analysts predict that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be paid a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, July 7th. OGE Energy’s dividend payout ratio (DPR) is presently 69.42%.

Insider Activity at OGE Energy

In related news, VP Donnie O. Jones sold 11,351 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total value of $500,125.06. Following the completion of the sale, the vice president now owns 43,932 shares in the company, valued at approximately $1,935,643.92. This represents a 20.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William H. Sultemeier sold 6,650 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total value of $302,841.00. Following the completion of the sale, the insider now owns 72,548 shares of the company’s stock, valued at $3,303,835.92. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

OGE Energy Company Profile

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.