OGE Energy Corp. (NYSE:OGE) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its holdings in OGE Energy Corp. (NYSE:OGEGet Rating) by 45.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 158,053 shares of the utilities provider’s stock after selling 132,687 shares during the quarter. Raymond James & Associates owned 0.08% of OGE Energy worth $5,763,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in OGE Energy by 0.4% in the first quarter. Vanguard Group Inc. now owns 20,075,591 shares of the utilities provider’s stock worth $818,683,000 after acquiring an additional 89,317 shares in the last quarter. State Street Corp boosted its holdings in OGE Energy by 24.1% in the first quarter. State Street Corp now owns 7,013,271 shares of the utilities provider’s stock worth $286,001,000 after acquiring an additional 1,360,363 shares in the last quarter. FMR LLC raised its stake in shares of OGE Energy by 2.6% in the second quarter. FMR LLC now owns 6,955,827 shares of the utilities provider’s stock worth $268,217,000 after purchasing an additional 173,657 shares during the last quarter. ClearBridge Investments Ltd purchased a new position in shares of OGE Energy in the second quarter worth about $86,842,000. Finally, Macquarie Group Ltd. raised its stake in shares of OGE Energy by 2,242.7% in the second quarter. Macquarie Group Ltd. now owns 2,142,755 shares of the utilities provider’s stock worth $82,924,000 after purchasing an additional 2,051,290 shares during the last quarter. Institutional investors and hedge funds own 67.78% of the company’s stock.

OGE Energy Stock Down 0.7 %

Shares of OGE stock opened at $39.94 on Monday. The stock has a 50 day moving average of $39.43 and a 200 day moving average of $39.20. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. The stock has a market cap of $8.00 billion, a P/E ratio of 8.59, a P/E/G ratio of 3.87 and a beta of 0.69. OGE Energy Corp. has a twelve month low of $33.28 and a twelve month high of $42.91.

OGE Energy (NYSE:OGEGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The utilities provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.19. OGE Energy had a return on equity of 15.74% and a net margin of 28.80%. The company had revenue of $1.27 billion during the quarter. As a group, sell-side analysts expect that OGE Energy Corp. will post 2.15 EPS for the current year.

OGE Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Monday, January 9th will be issued a $0.414 dividend. This represents a $1.66 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Friday, January 6th. OGE Energy’s payout ratio is currently 35.70%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on OGE Energy to $42.00 in a research note on Wednesday, December 14th. Guggenheim reduced their price objective on OGE Energy from $43.00 to $38.00 in a research note on Monday, October 24th. Mizuho reduced their price objective on OGE Energy from $42.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, October 13th. Credit Suisse Group reduced their price objective on OGE Energy to $36.00 in a research note on Thursday, October 27th. Finally, StockNews.com upgraded OGE Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.20.

Insider Buying and Selling at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 3,067 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $38.23, for a total value of $117,251.41. Following the sale, the vice president now directly owns 22,485 shares of the company’s stock, valued at $859,601.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.90% of the stock is owned by corporate insiders.

OGE Energy Company Profile

(Get Rating)

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy.

Featured Articles

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.