OGE Energy Corp. (NYSE:OGE) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of OGE Energy Corp. (NYSE:OGEGet Rating) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,478 shares of the utilities provider’s stock after acquiring an additional 415 shares during the period. Janney Montgomery Scott LLC’s holdings in OGE Energy were worth $747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in OGE. ClearBridge Investments Ltd acquired a new stake in shares of OGE Energy during the 2nd quarter valued at approximately $86,842,000. Macquarie Group Ltd. raised its position in shares of OGE Energy by 2,242.7% during the 2nd quarter. Macquarie Group Ltd. now owns 2,142,755 shares of the utilities provider’s stock valued at $82,924,000 after acquiring an additional 2,051,290 shares in the last quarter. State Street Corp raised its position in shares of OGE Energy by 24.1% during the 1st quarter. State Street Corp now owns 7,013,271 shares of the utilities provider’s stock valued at $286,001,000 after acquiring an additional 1,360,363 shares in the last quarter. Reaves W H & Co. Inc. raised its position in shares of OGE Energy by 887.1% during the 2nd quarter. Reaves W H & Co. Inc. now owns 824,983 shares of the utilities provider’s stock valued at $31,811,000 after acquiring an additional 741,403 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of OGE Energy by 213.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 778,158 shares of the utilities provider’s stock valued at $30,006,000 after acquiring an additional 530,080 shares in the last quarter. 67.78% of the stock is owned by institutional investors and hedge funds.

OGE Energy Trading Down 2.0 %

NYSE:OGE opened at $37.98 on Friday. OGE Energy Corp. has a 1 year low of $33.28 and a 1 year high of $42.91. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 3.87 and a beta of 0.69. The business has a fifty day moving average of $39.56 and a 200-day moving average of $39.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 0.91.

OGE Energy (NYSE:OGEGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The utilities provider reported $1.31 earnings per share (EPS) for the quarter, topping 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. Equities analysts predict that OGE Energy Corp. will post 2.15 earnings per share for the current year.

OGE Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Monday, January 9th will be issued a $0.414 dividend. The ex-dividend date of this dividend is Friday, January 6th. This represents a $1.66 annualized dividend and a dividend yield of 4.36%. OGE Energy’s dividend payout ratio (DPR) is 35.70%.

Analyst Ratings Changes

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

Insider Activity

In other news, VP Cristina F. Mcquistion sold 3,067 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 22,485 shares in the company, valued at $859,601.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 12.90% of the company’s stock.

OGE Energy Company Profile

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OGE Energy Corp. is a holding company with investments in energy and energy service providers, offering physical delivery and related services for electricity in Oklahoma and western Arkansas and natural gas, crude oil and NGLs across the U.S. OGE Energy conducts these activities through two business segments: Electric Utility and Natural Gas Midstream Operations.

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

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